RBI’s repo rate cut of 75 bps with 3 months' moratorium of EMIs on all outstanding loans will push credit flow into industries affected by the coronavirus.
Author: Anuj Puri
Anuj Puri is Chairman, ANAROCK Property Consultants
The RBI’s conservative stance to act in tandem with the evolving situation, rather than engage in knee-jerk fiscal policy reactions, is measured and prudent.
Nearly 57% women survey respondents prefer real estate as an investment asset class, followed by 28% for stock market, 11% for FDs and a mere 4% for gold.
The CREDAI-ANAROCK report unveiled at the CREDAI Kerala Statecon - 2020 confirms that the state now ranks among India's top 5 start-up incubation hubs.
The demand for student housing has never been higher with Government measures drawing lakhs of students to Indian college campuses for higher studies.
Housing sales revenue of the top 9 stock exchange-listed developers continued to grow steadily in the last festive quarter, according to ANAROCK data.
RBI kept the repo rates unchanged at 5.15%, but in a major relief to the real estate sector, decided to extend the restructuring of project loans by a year.
Union Budget 2020-21 was a ‘make or break’ Budget for the Indian government with most sectors (including real estate) seeking concessions.
Luxury housing sales are still in the doldrums with unsold luxury stock increased by 10% y-o-y in the top 7 cities by 2019-end, reveals ANAROCK data.
ANAROCK data indicates that of a total 1,816 residential projects launched across the top 7 cities in 2019, over 52% were high-rises.