Thanks to the government's PMAY (U) scheme, Uttar Pradesh, Gujarat and Andhra Pradesh had nearly 11.22 lakh homes completed by 2019-end.
Category: Real Estate News
Residential sales in H2 2019 plummeted 22% against H1 2019 while on yearly basis there was a marginal rise of 5% in entire 2019 compared to 2018.
MMR’s Dombivli ranks 1st on the list of top 10 most active Indian residential micro-markets, based on the number of new units launched during 2019.
Contrary to overall expectations, the RBI kept the repo rates unchanged to 5.15% while maintaining an accommodative stance.
Much in line with her promise to bring relief to the realty sector, the Indian FM announced that an INR 10,000 crore fund has got the Union Cabinet nod.
The top 3 UP cities within NCR – Noida, Greater Noida and Ghaziabad – saw the maximum decline in overall unsold housing stock in two years in the state.
The repo rate cut of 25 bps to 5.15% is in line with expectations, and can go some way in improving consumer sentiments ahead of the festive season.
Unlike its other major counterpart MMR, NCR has fared better in shedding its overall unsold stock on both quarterly and yearly basis.
In another positive and a bold step to help revive the economy from its slumber, the FM has slashed the corporate tax rates to 25.75% from earlier 30%.
Chennai’s diversified economy pushes the city’s real estate growth, according to ANAROCK's latest report, Chennai: Driven by Diversified Economic Base.