Home prices in Delhi-NCR are likely to remain flat in calendar year 2020 even though leading developers in the region are hopeful that the recent government measures will help revive sales. “Developers are keen to get the sales volume back in the market rather than hiking the price,” said Samantak […]
Housing Sales Continue to Be A Problem Child in Realty Sector
Residential property as an investment has always been the poor cousin of commercial real estate, and 2019 couldn’t have been a better testimony to this statement, as housing sales were plagued by demand slowdown amid surplus inventory and office space leasing hit a record high. While sale of residential properties […]
Kerala’s Real Estate Sector Is All Set to get It’s Regulator K-Rera From January 1st
After much delay, Kerala is all set to formally launch its Real Estate Regulatory Authority (RERA) on January 1, 2020. The Real Estate (Regulation and Development) Act (RERA) was implemented in India with effect from May 1, 2017. It has been over two-and-a-half years since this game-changing piece of law […]
Mappletree Purchases 8 Acres of Land. Will Develop Office Space in Pune
Singapore-based Mapletree Investments Pvt Ltd has acquired a prime 8-acre land parcel in Pune for Rs 170 crore from a joint venture firm of real estate construction company Vascon Engineers Ltd. Vascon Engineers, in a stock exchange filing, said: “Ajanta Enterprises, 50% joint venture of Vascon Engineers, has successfully concluded […]
Home Sales Record Steep Rise in Mumbai
Home sales in Mumbai, India’s financial capital, jumped to the highest in four years as property developers switched focus to building cheaper apartments, according to Anarock Property Consultants. Sales in Mumbai rose 22% in 2019 even though a persistent credit crunch & economic slowdown curtailed recovery in India’s housing sales across top seven […]