A KPMG report says a combination of growing demand and conducive government initiatives have made this year a crucial one in the development of India’s real estate market. This year, the government has demonstrated an interest in developing affordable housing across...
Outstanding credit to real estate developers given by Non-Banking Finance Companies (NBFCs) and Housing Finance Companies (HFCs) has increased four times from Rs 640 billion in 2011-12 to about Rs 2,600 billion till 2017-18. At a time when NBFCs/HFCs were a major...
The National Capital Region (NCR) remains the worst impacted among major real estate markets in the country, with home sales declining in each of the last four quarters, reports Mint newspaper. In the September quarter, sales dropped by 12% to 13,820 units, making NCR...
India house prices will rise at half the rate of consumer price inflation next year, hit by dwindling credit supply, according to a Reuters poll of housing market experts who said Delhi will be hit hardest. House prices have risen at almost double-digit rates for over...
The New York-based asset management company Brahma Group is to invest Rs 1,700 crore in commercial project, including office-cum-retail project in Gurugram. The company is developing over 200 acre township project at Panchkula in partnership with real estate major...
The Indian real estate sector is seeing encouraging growth across assets class marking a return in confidence in the market, ET Realty has reported. According to a recent report by JLL India, the total investment in India’s real estate for the January – June 2018...
The combination of specific policy and toughened regulatory reforms in the real estate sector has bolstered the risk appetite of global institutional investors as they increasingly switch from income producing to development assets, Economic Times reports. The trend...
Those who viewed the reforms that the central government brought to India’s real estate sector with scepticism are now backing the new regulations as they have resulted in transparency and helped clean up the business practices. Thanks to the Real Estate (Regulation...
In the middle of a real estate slowdown when most builders have turned to affordable housing projects, some continue to bet on luxury homes, backed by demand from ultra-rich buyers and non-resident Indians. Well-capitalized developers in Mumbai, the National Capital...
JPMorgan Asset Management will exit investments in Nitesh Group of Bengaluru, Assetz Property Group, Mumbai’s Vaswani Group and Pune’s Kolte-Patil Developers In 2006, JPMorgan had raised $360 million for its maiden real estate fund called JPMorgan India Property Fund....
If a homebuyer feels cheated by a property developer, he/she can approach the appropriate authorities under the newly enacted Real Estate (Regulation and Development) Act (RERA). If a builder of under construction project refuses to return the money, the complainant...
Federation of Noida Residents Welfare Associations (FONRWA) has petitioned Prime Minister Narendra Modi and Chief Minister Yogi Adityanath demanding extension of centre/state schemes for the city and measures to make Noida a smart city. “Noida generates maximum...
Over 12,300 residential projects across India are delayed as the real-estate sector continues to grapple with dwindling prices and cash crunch. At stake are more than 2 million units, some of which may never see the light of the day, according to data from PropEquity,...
Economists are still debating the impact of recent economic reforms, including demonetisation, and they say that it is the developers who should be blamed for defaulting on projects rather than homebuyers They say that the Reserve Bank of India’s action pushing...
At Rs 24,000 per sq ft UB Towers on Vittal Mallya Road is the most expensive piece of real estate in Bengaluru. The guidance value of the stretch between Hotel Chandrika and Queen's Circle on Cunningham Road has touched Rs 24,000 per sqft, with new values coming...
Office space absorption during January-March quarter has increased by 11 per cent to 8.8 million sqft across nine major cities, a survey has revealed. A report by Colliers International said the higher absorption was primarily derived by the traditional demand...
Rajasthan’s Urban Development and Housing (UDH) department is wooing developers by adopting a multi-pronged strategy to improve ease of doing business. Under this initiative the department has recently issued an order in which classification of buildings has been made...
Startups in the home aggregator and rental space say a growing number of NRIs are seeking their expertise to manage their real estate properties in India. This trend marks a shift from the general practice of entrusting the task with traditional brokers. It is...
Union Minister of Urban Development M Venkaiah Naidu has said the Real Estate (Regulation & Development) Bill, 2016 is aimed at protecting the interests of property buyers and intends to regulate the sector. The bill is also expected to encourage additional...
India’s Real Estate Regulatory Authority (RERA) will soon be a reality as rules under Real Estate Regulatory Bill are being finalized and will be ready in the next three months, said M Venkaiah Naidu, Union Minister of Urban Development. "The bill is in place and we...
Indians have been the top foreign investors in Dubai’s real estate sector when it comes to investors from outside the Arab world, surpassing capital input from wealthy investors from Europe, Americas and even Russia. Indian investors put in AED 20.81 billion ($5.6...
The realty sector has much to cheer about from the Union budget in which Finance Minister Arun Jaitley has removed the last significant tax hurdle in the way of Real Estate Investment Trusts (REIT), and gave incentives to first-time home buyers and tried to make...
Real estate sector is a preferred investment option for several Indians and is going to maintain its supremacy over other investment options like gold and financial instruments. The Knight Frank Wealth Report 2016 by its Chief Economist and National Director of...
The government has expressed hope that Real Estate Regulatory Bill would be discussed and approved in the ongoing budget session of Parliament, Urban Development Minister Venkaiah Naidu said. On the concerns raised by some members whether the Centre had a right to...
Malabar Group, well-known as a gold and diamond jewellery trader, is set to launch Malabar Integrated Township – a mixed-use master-planned community that will be built in Thrissur, central Kerala at a cost of Rs20 billion ($293 million). This landmark project is...
Mumbai-based ASK Group has announced the closure of its fourth real estate fund — ASK Real Estate Special Opportunities Fund II — of Rs 13.73 billion ($205 million). The company is planning to invest the same in next 18-24 months in six major cities—Mumbai, Pune,...
The air of optimism in Indian realty sector that prevailed in the second quarter rolled over to the third quarter and sales across eight major cities in India improved 15 per cent, says Liases Foras in a research note. The air of optimism in second quarter (Q2) of...
Private equity (PE) investments in the real estate sector rose by 72per cent to Rs 257 billion last year, highest since 2008, mainly on fund infusion in the sluggish housing segment. According to property consultant Cushman & Wakefield, out of the total PE...
The Indian realty sector has witnessed sales of 53,000 units in the third quarter of the current fiscal compared with around 49,000 units in the second quarter. This shows that the real estate sector seems to have bounced back that sales have risen in this quarter...
Sanjiv Goenka, Chairman of the Rs 3200 billion RP-Sanjiv Goenka Group, is foraying into the residential real estate sector and has set up a subsidiary, Quest Properties India, according to a report in the DNA newspaper. The group plans to develop about 1.2 million...
Demand for organised real estate in India will reach around 1.35 billion sq ft by 2020, up from around 880 million sq ft currently, and 85 per cent of this will be for residential real estate, according to a report by consulting firm Bain & Company. The report...
Delhi’s Defence Colony has emerged as the best residential destination in an India metro city recording a whopping 777% or about 8 times growth in capital values between 2005 and 2015, according to a report by property listings portal CommonFloor.com. The capital...
Indian real estate developers have welcomed the Urban Development Minister M Venkaiah Naidu announcement of the first list of 20 Smart Cities. Satellite towns around these Smart Cities will be an opportunity for the real estate development, especially affordable...
There is a general agreement among real estate analysts that the Indian realty sector is getting back growth impulses. Sam Chopra, Founder & Chairman, RE/MAX India, says Indian real estate is moving towards accelerated growth in the context of investors projecting...
Foreign investors have given up a thumbs-up to the Indian foreign investment policy for the real estate sector which has helped the country regain favour as a preferred investment destinations in the Asia Pacific region, says the Emerging Trends in Real Estate Asia...
The India realty sector is set for higher growth in 2016 with Mumbai and Bengaluru continuing to be the most preferred investment points in terms of commercial office and mid-segment residential property asset classes The proposed regulatory initiatives such as the...
A study by Magicbricks.com real estate web portal says residential real estate prices have remained stagnant for more than two years now and they are unlikely to see a major correction any time soon. The Indian real estate market has been stagnant both in terms of...
Real estate firm Jones Lang Lasalle (JLL) has said in a report that the textile city of Coimbatore is one of the 10 cities in the country that offers low budget real estate investment opportunities. A study by the company said there are many places where residential...
A court’s decision to send to jail the owner and two top executives of Unitech has created a stir among real estate developers. They were jailed on charges of cheating and misappropriation of funds. This has come as a warning to real estate companies who failed to...
For long-term investors looking to buy property in India, this is the right time to enter the real estate sector. It is now attractive to invest following decisions by the government to ease the foreign direct investment norms and its mission to develop 100 smart...
Demand impulses have begun to return to Gurgaon real estate sector, an important bellwether that points to the way the market will develop in the country. The city is an important realty market of the country, and especially in the National Capital Region (NCR)....
Research by Commonfloor, which offers home seekers, sellers and real estate professionals an extensive online real estate ecosystem, has shown that there are some cities where investing in real estate could offer good returns in the next five years. CommonFloor Groups...
For India's real estate sector, year 2015 presented a mixed bag of positive and painful pointers, said S K Sayal, Managing Director & CEO of Bharti Land Ltd. He said the Modi government’s focus on infrastructure development; affordable housing for all and the 100...
Indian real estate developers, shaken by poor market in 2015, are now optimistic that this year will witness buoyancy as they pin their hopes on the passage of the Real Estate (Regulation and Development) Bill. The long-awaited Bill, which aims to protect buyer...
Demand for corporate real estate space in the top seven Indian cities saw a high annual take up of 38 million sq ft for 2015 — the highest till date — which translates into an annual rise of 18%. This positive demand is indicative of an overall improved economic...
India’s real estate sector is set to grow rapidly over the next 4-5 years in the context of successive GDP growth, said Sarang Wadhawan, Vice Chairman and Managing Director, HDIL. In an interview to ETRealty, he said the increase in the cost of labour and decrease in...
The Union Cabinet has approved 20 major amendments to the real estate regulatory bill that seeks to protect home buyers as well as help investments in the real estate industry grow. These changes were based on the recommendations of the select committee of Rajya Sabha...
India’s realty sector hopes the New Year will help mark an end to multi-year slowdown in the property sector when the new real estate law will see the light of day in 2016 and bring in the much-needed efficiency, transparency and accountability into this sector....
The depressed real estate market is proving to be a boon for organised developers, which have continued to grow and gain market share although the broader market has been shrinking, said a Kotak Institutional Equities report. "Like in past cycles, a slowing market has...
Maharashtra has decided to reduce the number of approvals needed for real estate projects, which analysts say would result in affordable housing and relieve developers' cash flow issues. An analysis by JLL India says the current initiative by the government would...