The second wave of the COVID-19 pandemic has battered the real estate sector with housing sales declining by 60% and new launches dropping by 53% in the month of April, according to a report by Edelweiss Research. Demand dropped 60% MoM in April 2021 as the country battled the second […]
Financial Strain Experienced By Real Estate Developers In The Times Of COVID-19
The real estate sector was caught in a conundrum last year with flattening demand, a challenging funding environment, and increasing compliance-based costs. The onset of the pandemic exposed the fragile financial health and business models of real estate developers in India. The financial health of developers in the preceding 12 […]
Survey Suggests That Real Estate Continues To Be The Best Asset Class For Investment
With work-from-home being a viable option today, many prospective homebuyers are looking at the peripheral areas that offer bigger homes and a better lifestyle at relatively affordable prices. Homebuyers preference to mitigate risks is also at all-time high with more than 61% preferring to buy from branded developers even if […]
Home Owners In South India Are Amongst The Most Serious Sellers In India’s Real Estate
With South India leading the revival in India’s real estate market, homeowners of Bangalore, Hyderabad, and Chennai have emerged as the most serious sellers, revealed the latest consumer data of Magicbricks’ Owner Services. As demand for residential real estate gradually gathers momentum across the country, consumer data also suggests that […]
Bengaluru Property Market Is Faring Better Than Other Cities: Anarock
Residential sales in the quarter ended September indicate that the worst could be over for the real estate sector, and the festive season could see sales further picking up, Anuj Puri, Chairman, Anarock and MR Jaishankar, CMD at Brigade Enterprises, said in a discussion on the property market trends, on […]