Previous year trends suggest that housing sales across top cities in the festive quarter (Oct-Dec) mostly saw an uptick – anywhere between 5-10% – over the preceding quarter. This is largely because the festive season is considered most auspicious for property buying in India and developers also roll out various schemes and offers to fuel
Covid-19 may reshape the future of the senior living segment in the country, with demand for such homes set to zoom up amid the present uncertainties. There is only a limited supply in this segment, via 55 projects by the top 12 players in this segment – 60% in tier-II cities and the remaining 40%
At present, does it make more sense to buy or rent a home? Many Indians who migrate to the urban centres ask themselves this question at some point. There are arguments for and against the option, but the debate has attained newer heights in the post-Covid-19 landscape. By Santhosh Kumar Property supplements, real estate portals
Mace, the international consultancy and construction company, and Anarock Group, the country’s leading real estate services company have announced a collaboration to bring “unique” real estate services to immediately benefit the domestic market as they view the settling into the ‘new normal’ post-Covid-19 pandemic. The two companies have signed a Memorandum of Understanding to provide
The Cabinet approval for the development of affordable rental housing complexes (ARHC) for urban migrants and poor is a “praiseworthy” move, which will significantly help fulfil the government’s ambitious ‘Housing for All by 2022’ initiative. Under this scheme, vacant government-funded housing in urban cities will be converted into ARHC via the PPP model and be
The complete lockdown has stopped the construction and disrupted sales. It has financially weakened players who may have a tough time, and spiral a new wave of consolidation. “We think that the reputed developers may dominate. We assess that 4.7 lakh residential units planned to complete in 2020 may face completion hurdles,” says Santhosh Kumar,
As India witnesses reverse migration from the Gulf into the country and within from the metros to smaller cities, some real estate players feel that the situation could boost the demand of housing in tier-II and III cities: “Acceleration in Demand Seems Certain” With reverse migration, the rise in demand for homes in the post-Covid
The domestic real estate is bracing itself for a very new post-Covid-19 world. One significant trend may be reverse migration spurring housing demand in tier-II and III cities, according to the latest report by real estate consultancy firm Anarock Property Consultants. According to Anarock’s report titled ‘India Real Estate: A Different World Post COVID-19‘, currently, the
In a bid to offset the effect of Covid-19 pandemic and nationwide lockdown on the economy in general and the real estate sector in particular, Finance Minister Nirmala Sitharaman has announced a 70,000 crore boost to the housing sector and Middle Income Group (MIG) through the extension of Credit Linked Subsidy Scheme (CLSS). The CLSS
In the first of the series of announcements by Finance Minister Nirmala Sitharaman to spur economic growth and build a ‘self-reliant’ India, the government has offered a “major” boost to the real estate sector, NBFCS/HFCs, and MSMEs, Anuj Puri, chairman, Anarock Property Consultants said. “Providing major relief to real estate developers, the government has extended
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