Wednesday , 25 November 2020
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Real Estate

RBI’s inability to ensure transmission of repo rate cut is hurting real estate sector

Reserve Bank’s policy rate cuts have not reduced interest rates for retail borrowers. Reserve Bank of India’s 110 basis point cut in the Repo rate this year has failed to uplift the mood in the real estate sector that has been grappling with the problems of high GST on construction materials like cement and steel and subdued demand due to ... Read More »

Office real estate is defying the slowdown

Bengaluru: A multinational bidding war for ownership of the iconic 10-storey ‘Citi Centre’ building in the heart of Mumbai’s prime business district, the Bandra Kurla Complex (BKC), played out for four months far away from public glare. K Raheja Corp. finally came on top in July, overtaking South Korean Mirae Asset Global Investment which put up a spirited fight till the ... Read More »

Overseas offer: Foreign firms invest in Indian real-estate

Several Indian projects have been stalled and that’s adding up to the unsold inventory. There’s lack of confidence in buyers. That’s where the international firms have the opportunity to fill the void.(Shutterstock) International real-estate developers have long looked forward to investing in India. But with the global market in a slump for the past few years, the opportunities were fewer. ... Read More »

Slump in real estate sector hits Mumbai hard

Mumbai is riddled with unfinished and unsold units in the city and suburbs (India Today photo) The real estate sector in India is arguably going through one of the worst phases in recent times. The country’s financial capital Mumbai is riddled with a large number of unfinished projects and an equally large number of unsold units in the city and ... Read More »

Real estate may be a safer bet than equities

When you meet a financial planner, one advice that you are most likely to receive is to stay away from real estate and instead invest in financial assets (stocks and bonds), which are likely to fetch you better returns over the long run. Such advice is based on a body of research which suggests that equities typically outperform most asset ... Read More »

As Real Estate Firms Go Bust, Supreme Court Upholds Homebuyers’ Rights

A series of economic shocks dented property-market sentiment and caused funding for developers to dry up The Supreme Court upheld the ability of homebuyers to drag property developers into bankruptcy proceedings as several real estate firms are going bust in Asia’s third-largest economy. Once a homebuyer establishes default before a bankruptcy court, the onus is on builders to prove that ... Read More »

Mid-income realty demand unlikely to look up: Real estate developers

BENGALURU: Real estate developers said the Reserve Bank of India’s decision to cut its benchmark repo rate will boost demand for affordable housing but will not significantly improve the buyer sentiment in the mid-income segment. RBI on Wednesday cut its repo rate by 35 basis points to 5.40%, its fourth rate cut in a row. “For real estate, a rate cut of 35 bps ... Read More »

Article 370: Jammu & Kashmir real estate market may take time to pick up pace

Rumour mills churn fast. As soon as the resolution to revoke Article 370 from the Indian Constitution was moved, advertisements on some social media sites offered land for sale in Srinagar. They were fake. Yes, Jammu & Kashmir (J&K) will be like any other Indian state or union territory now where anyone can buy property. But that does not mean ... Read More »

Article 35A scrapped: Can outsiders now invest in J&K real estate?

The Narendra Modi government on Monday scrapped Article 370 and Article 35A of the Indian Constitution which gave “special status” to the state of Jammu and Kashmir (J&K). After the announcement, the state has now been bifurcated into two union territories. Now that Article 35A has been revoked (a law that debarred non-residents from buying properties), will it open doors for non-Kashmiris and outsiders ... Read More »

The Facade: Real estate crisis in Noida, Greater Noida

Testimonies by authorities, real estate experts, public courts and homebuyers The Indian Express spoke to suggest Amrapali’s case is only the tip of the iceberg. (Express photo: Gajendra Yadav) Written by Amil Bhatnagar and Ananya Tiwari On July 23, the Supreme Court cancelled Amrapali Group’s registration under the Real Estate Regulatory Authority (RERA) and appointed the National Buildings Construction Corporation (NBCC) to ... Read More »