Deepak Parekh, Chairman of mortgage lender Housing Development Finance Corporation (HDFC), on Tuesday said the real estate prices in the country would correct by up to 20 per cent in the wake of coronavirus pandemic and the resultant nationwide lockdown. “Prices of real estate have to come down, and will come […]
Corona Virus Effect Will Most Likely See The Funding For The Real Estate Sector Go Up As The Risk Increases
The cost of institutional funding for real estate projects during and post COVID-19 is likely to become expensive with financial institutions having to factor in risks of completion, construction timelines, supply chain disruption, zero absorption, not to mention the high cost of forex hedging, say transaction experts. Despite the government […]
A report Suggests That Luxury Home Sales Has Hit A Wall As Builders Could only Sell 45% Of 13000 Units Launched In The Last 3 Years
Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data. Housing brokerage firm PropTiger, which […]
SBI Chairman Urges Real Estate Companies To Keep Bank Account Standard And To Clear The Inventories
State Bank of India Chairman Rajnish Kumar on Saturday exhorted real estate firms to keep their bank account standard, clear inventory as soon as possible and improve perception about the business. While plain-speaking to the real estate players, Kumar said course correction has to be undertaken by the industry if they want […]
Real Estate Sector Continues to Receive Setbacks With Moderate Home Prices
The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said. With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said. While […]