The real estate sector has been the worst hit by the pandemic in the first nine months of this year, with nationwide sales from January to September falling by 43% as compared to the same period last year, according to a report by property consultants Anarock. According to the Anarock […]
Magicbricks PropIndex Points Out That The Demand For Residential Real Estate In Q3 Has Exceeded Pre-COVID Levels By 30-40%
Notwithstanding the uncertainty in India’s economy due to the impact of COVID-19, the real estate industry has witnessed a growth recovery in demand as property searches increased by 30-40% as compared to pre-Covid levels, showed property portal Magicbricks’ PropIndex for the quarter ended September. The previous edition of the Propindex […]
Long-Term Crisis: Work From Home Has Send Jitters To Commercial Real Estate
As Covid rages on and businesses re-calibrate their operations to survive the downturn, commercial real estate (CRE) is staring at a long road to recovery with remote working solutions like work from home (WFH) gaining prominence and employers struggling with safety and business continuity. Developers and market watchers suggest that […]
RBI’s Decision To Reduce Risk Weightage On Home Loans Is Lauded By Real Estate Developers
Real estate developers on Friday welcomed the RBI’s decision to lower risk weightage on housing loans, saying it would boost credit flow to the sector, but demanded that more steps should be taken to revive the industry. The RBI decided to rationalise the risk weights by linking them only with LTV […]
RBI’s Initiative To Support Homebuyers Gives Strength To Real Estate
The RBI kept the repo rate unchanged in its October policy review on Friday, but announced some measures that are likely to encourage homebuyers and give a boost to lending and, thus, real estate. Industry experts say with real estate demand gradually seeing some green shoots of revival, especially in the wake […]