The year 2019 was a not a particularly great for real estate sector, especially the residential market. Commercial or office real estate boomed in 2019 and is likely to further excel in 2020, while residential sales in the second half of 2019 plummeted 22 per cent compared the first half […]
Incentivize Developers And Bring Down Property Prices
Economic Survey 2019-20 suggested that the unsold housing inventories can be cleared, if developers take a ‘hair-cut’ by allowing property prices to drop but it may have negative impact on the developers. Further, unless developers are offered incentives, property prices would continue to be high. In the past few years, […]
Slashing Prices In Real Estate Sector Will Clean Up The Balance Sheet of Banks: Economic Survey
The residential property market is reeling under huge unsold housing stocks because of issues like stalled projects and delayed possession, but inventories can be cleared if real estate developers take a haircut and reduce apartment prices, according to the Economic Survey. The balance sheets of banks and non-banking financial companies […]
85 Realty Projects In The country Justify Their Position In Affordable Segment
Plug-and-play stalls will feature for the first time at the Credai-Bengal Home Front 2020 in association with The Times of India. Also, nearly 85% of the properties showcased at the fair will be in the affordable segment, unlike the edition in 2019, when around 60% properties were in the low-cost […]
Unfinished Apartments Reveal India’s Economic Downfall, Stressful Banking System and Jittery Customers
Wish Town was once a sought-after destination for India’s aspiring middle classes seeking a slice of the “good days” promised by an ambitious Prime Minister Narendra Modi when he swept to power more than five years ago. Now, it’s a symbol of lost hope. A sprawling 1,063-acre property development located in Noida, just […]
25 New Realty Hotspots Will Be Bolstered By Metro Road Projects
International property consultants Knight Frank India on Wednesday released a report that identified 28 locations that are expected to be new real estate growth hotspots, benefitting from connectivity and infrastructure development of Mumbai Metro and road development projects currently underway. The India Urban Infrastructure Report assesses the real estate impact […]