The government has extended the timeline for project completions and registration by 6 months and announced INR 30,000 crore special liquidity scheme for NBFCs/HFCs and MFIs
Author: Anuj Puri
Anuj Puri is Chairman, ANAROCK Property Consultants. He has over 30 years of experience in multi-disciplinary advisory and transactions ranging from real estate to social development projects. Expertise in planning, undertaking demand assessment studies and transaction services including marketing strategies based on technical real estate market analysis, feasibility studies, program requirement derivation and fund and investor sourcing.
COVID-19 Sentiment Survey – Housing Now Preferred Asset Class, 59% End-users
Homeownership is now a compelling priority for millennials facing uncertain times. Out of the total voters favouring real estate, 55% are aged between 25-35 years - and 68% are end-users. In the H2 2019 edition of this survey, only 42% were in this age bracket.
In a major move to boost liquidity, the RBI announced additional measures to accelerate the economy and facilitate bank credit flows in Lockdown 2.0.
Relief to construction sector as the Indian government permits activity to resume in non-COVID-19 hotspots, that follow strict social guidelines.
Housing sales could witness a 25-35% yearly drop in 2020 against 2019, reveals the ANAROCK report 'COVID-19 - Will it Reset Indian Real Estate?'
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.
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.