Developers in the Mumbai Metropolitan Region (MMR) recorded 22% year-on-year (y-o-y) growth in sales to 80,869 units in 2019, the highest since 2013. The number of new units launched in CY19 was at its highest since 2016 in the region at 77,990 units. The affordable segment witnessed a 40% jump […]
A Difficult Procedure
The affordable category has been the saviour of the housing sector, which is experiencing its worst phase in the past five years. One major hurdle faced by lower middle class and EWS citizens is the cumbersome procedure in getting construction plan approved by local authorities. Since it is mandatory to […]
Making It Inexpensive
On the eve of presentation of the State Budget by Chief Minister B.S. Yediyurappa (on March 5), stakeholders and experts met him and gave suggestions related to the real estate sector in Karnataka. Presently there is a uniform stamp duty of 5% on immovable property sales/transfers in the State. It […]
Residential Market Slows Down And HNIs Flock To Commercial Properties
Last year, a Delhi-based high-net-worth individual (HNI) bought a 29,495 square feet commercial property in the Raheja Titanium complex in Goregaon East, Mumbai. The seller was based out of Kenya. Similarly, a tech-based fund bought 48,000 sq ft and 7,721 sq ft at the L&T Seawoods in Navi Mumbai and The Capital […]
Report Suggests That NCR Realty Projects Have Longest Gestation Period
The realty projects in the National Capital Region (NCR) have the longest gestation period in the country at seven years, stated a report released by a private real estate consultant on Wednesday. Individually, residential projects launched and completed between 2010 to 2019 in Delhi-NCR took the longest average time to […]
High Inventory Of Affordable Homes Anarock’s Blame Real Estate Developers: Anuj Puri
Poor quality and lack of infrastructure deterred buyers of affordable homes, which contribute the most to the unsold inventory, according to Anarock Property Consultants Pvt. Ltd. “Most of the unsold supply is at the periphery of the cities, built assuming people will move in despite absence of any social or […]