Homebuyers seeking ready-to-move-in properties in the ongoing festive quarter are spoilt for choice, as nearly 81,300 unsold homes are available across the top seven cities in the category, according to property consultant Anarock. As on Q3 2019 end, approximately 6.56 lakh units were lying unsold across these cities and out of this nearly 12% are
Anuj Puri As India embarks on another year of independence, the country’s real estate sector has a lot to be grateful for, a lot to hope for – and still a lot to worry about. Amidst the dual challenges of liquidity crisis and stuck projects that hang like persistent thunderclouds over the sector, we nevertheless
Shajai Jacob In a recent move, the National Housing Board (NHB) has directed Housing Finance Companies (HFCs) in India to ‘desist from offering’ loans for financing subvention schemes offered by developers. Loan disbursements will now have to be strictly linked to construction progress. While this will doubtlessly result in an added financial on developers who
Santhosh Kumar An integral part of Indian residential real estate’s coming-of-age process is the rise of *branded developers, who are outpacing their non-branded competition in overall housing launches. Reformatory changes led by demonetization and RERA have spearheaded this movement. ANAROCK research indicates that out of the total new supply in H1 2019 – approx. 1,39,480
Anuj Puri The Supreme Court’s landmark decree on Amrapali Developers has rekindled the hopes lakhs of homebuyers across cities who have waited futilely for delivery of their homes. While similar developments with regards to other stuck projects are awaited, SC has now set a precedent with a resounding message – comply or perish. ANAROCK research
Shajai Jacob The Indian luxury property market may not have been very attractive to the resident Indians in the recent past – but it scores high with the NRIs due to their greater buying power. Multiple factors draw the attention of NRIs towards luxury housing segment. For one, it promises a high standard of living
Anuj Puri India’s housing policies have so far largely focused on building more homes and on homeownership, and little has been done to promote rental housing. This is a serious lacuna, since rental housing, by itself, can help narrow the Indian housing shortage to quite an extent. As a result, to fulfil its promise of
Fresh and wholesome meals, wi-fi, housekeeping and laundry services, app-enabled living in an air-conditioned environment. Welcome to the world of purpose-built student accommodation (PBSA), or housing specifically built for students. An alternative to ubiquitous hostels and paying guest (PG) accommodation, student housing offers an environment and services that align with the needs of today’s students.
The co-living space is on the cusp of becoming a rage among millennials in the metros of India. More than 70% of the millennials – between 18 and 23 years of age – are willing to consider co-living as an option, as they move to new cities and look for easy access and reasonably-priced rental
The GST rates cut is intended to give a boost to the real estate sector The slash in GST rates to 5% without ITC from the previous 12% with ITC for premium homes, and to 1% minus ITC for affordable homes from the earlier 8%, gives the beleaguered realty sector the much-needed breathing room and
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