Housing sales revenue of the top 9 stock exchange-listed developers continued to grow steadily in the last festive quarter, according to ANAROCK data.
Category: Residential Real Estate
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.
In times of continuing low residential sales, strata sale of commercial real estate presents a huge opportunity to local as well as national developers.
Despite the relatively low rental yields, residential property investors increasingly prefer to earn a steady rental income over selling the property.
SBI’s latest and highly differentiated home loan scheme is an extremely good move and positive for the residential real estate sector as a whole.
As the countdown to Union Budget 2020-21 begins, the recent Iran-US stand-off and rising oil prices may throw a spanner in the works.
Thanks to the government's PMAY (U) scheme, Uttar Pradesh, Gujarat and Andhra Pradesh had nearly 11.22 lakh homes completed by 2019-end.