Housing and Urban Affairs Secretary Durga Shanker Mishra on Friday said the government will look into various demand of the real estate industry, including an extension of timeline for completion of projects by 6-9 months. He highlighted various initiatives taken by the government in the past seven years such as […]
Steps To Make Affordable Housing Projects Successful
Creating affordability in the residential segment has been a well-intentioned conundrum that Indian developers have been unravelling over the past decade. With tenets of real estate development challenged, hard-earned perspectives have been displaced, and precious learnings from failures have galvanized many success stories in this rather highly demanding segment. Like […]
NCR & MMR Are A Picture Of Contrast During COVID-19
Bottomed-out prices, lower stamp duty charges, low interest rates and the growing preference to move to the peripheries amid work-from-home viability prompted as many as 65% MMR homebuyers to upgrade from 1BHKs to 2BHKs/3BHKs. In NCR, all-time-best affordability attracted more first-time homebuyers to respond to the new pandemic-driven demand for […]
K-shaped Recovery For India’s Real Estate
Two main segments of Indian real estate are moving on contrasting tracks of recovery, March quarter data from a clutch of property-research firms shows. While the residential segment experienced healthy growth, the office segment remained lacklustre. But with the second wave of the coronavirus sweeping across India, and forcing lockdowns, these levels […]