Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data. Housing brokerage firm PropTiger, which […]
SBI Chairman Urges Real Estate Companies To Keep Bank Account Standard And To Clear The Inventories
State Bank of India Chairman Rajnish Kumar on Saturday exhorted real estate firms to keep their bank account standard, clear inventory as soon as possible and improve perception about the business. While plain-speaking to the real estate players, Kumar said course correction has to be undertaken by the industry if they want […]
Real Estate Sector Continues to Receive Setbacks With Moderate Home Prices
The residential real estate sector continued to suffer from low demand and large inventory overhang last year, a Reserve Bank of India study has said. With new launches of residential projects declining, reflecting the large inventory overhang, all India house price levels had moderated as of end-December, it said. While […]
Corona Virus Ensures That The Govt. Of India Sends Out Guidelines For The Real Estate Sector Very Soon
Stating that the COVID-19 outbreak is ‘unprecedented’, housing and urban affairs secretary Durga Shanker Mishra has said that the government will soon bring out guidelines and regulatory measures to help the real estate sector in dealing with the crisis even as the real estate developers’ body NAREDCO has sought a $200-300 billion […]
NCR Realty Developers Plea: Please Set Aside Penalty Orders
Several developers in the National Capital Region have requested the Real Estate Regulatory Authority (RERA) of UP, Haryana and Delhi to delay recovery notices issued to builders by at least six months, in light of the Covid-19 crisis that has crippled the sector. These builders were ordered before the clamping […]