Almost eighty percent of the builders in the country will vanish from the scene in the next three years in the prevailing conditions , according to Anuj Puri, chairman of Anarock, real estate services company. Of about 2,20,000 units of buildings constructed across the country there is hardly one unit […]
Mumbai’s Wadala Has Found Its Way in World’s Most Promising Property Hubs
Mumbai’s Wadala, situated in the city’s eastern region, has found its place among the world’s most promising property hubs. The Wadala region has the prospect of development opportunities similar to those seen at Bandra-Kurla Complex over the past two decades, according to ‘The Wealth Report 2020’ released by Knight Frank. […]
Report Suggests that Flexible Space Leasing Reached All Time High Of 10.8 million Sq. Ft in 2019
Flexible workspace leasing in 2019 touched an all-time high of 10.8 million sq ft, up 26% from a year ago led by technology adoption, increased occupancy rates and growing investments. Among the key markets, Bangalore and Hyderabad accounted for about half of the flexible space take-up in India. The overall […]
Banks To Increase Credit Flow To Support The Sickly Real Estate Sector
As a liquidity crisis in the real estate sector deepens, the state government has stepped in to improve credit flow to developers. Housing Minister Jitendra Awhad announced Tuesday in the state legislative assembly that his department has approached banks to improve lending support to industry players. The real estate sector […]
Land Records Need To Be Digitized
Nearly three-fourths of Indian households’ wealth is invested in the real estate sector, yet accessing information related to land records is difficult as only a few states maintain digitized records. When you are buying a property—be it a house from the primary (from the developer) or secondary markets (properties on […]
Realty Developers Outsourcing Sales To Undergo Cut In Recurring Cost
With pressure on margins and no visible upside on residential property prices, a rising number of real estate developers are outsourcing their sales and marketing duties to cut recurring costs and link their outflows to sales inflows. The slowdown and demand crunch over the last few years have almost forced […]