For almost a year, Abhinav Sagar (name changed), a construction material dealer, had been hunting for a high-end property in Mumbai. In August 2020, he settled on a 400 sq m ready-to-move-in residential unit in Malabar Hill for around Rs 50 crore and registered it two months later at a […]
RERA Has Revived The Homebuyers Interest In The Real Estate Sector
Consumer protection is an article of faith for the Narendra Modi government. Consumers are the fulcrum of any industry, the protection of whose interests is central to its growth and development. Within one-and-half-years of assuming office, the Modi government enacted the Real Estate (Regulation and Development) Act (RERA), which had […]
Commercial Real Estate Will Continue To Enjoy A Good Run
Commercial real estate has emerged as a resilient segment in the past few years. According to a Colliers International report, the sector has witnessed an increase in leasing activity from 41.6 million square feet to 58.6 million square feet at a compound annual growth rate (CAGR) of 12% over the […]
Job Loss, Enhanced Housing Demand & Exclusive K- Shaped Recovery
Most readers were convinced with my previous blog Why Indian real estate will bottom out in 2021 ? but were not clear how could the housing demand increase despite so many job losses and salary cuts. The answer lies in the uniqueness of K-shaped recovery which is likely to dominate the post-pandemic […]