As a liquidity crisis in the real estate sector deepens, the state government has stepped in to improve credit flow to developers. Housing Minister Jitendra Awhad announced Tuesday in the state legislative assembly that his department has approached banks to improve lending support to industry players. The real estate sector […]
Realty Developers Outsourcing Sales To Undergo Cut In Recurring Cost
With pressure on margins and no visible upside on residential property prices, a rising number of real estate developers are outsourcing their sales and marketing duties to cut recurring costs and link their outflows to sales inflows. The slowdown and demand crunch over the last few years have almost forced […]
Report Suggests That Residential Units Under One Crore Gains Momentum
Even though the overall performance of the Indian real estate segment is muted, sales of units under Rs 1 crore have witnessed a remarkable momentum, revealed a report by credit ratings agency ICRA. Developers are acknowledging the trend of increase in the sales of units and are reconfiguring or designing […]
A Difficult Procedure
The affordable category has been the saviour of the housing sector, which is experiencing its worst phase in the past five years. One major hurdle faced by lower middle class and EWS citizens is the cumbersome procedure in getting construction plan approved by local authorities. Since it is mandatory to […]
Residential Market Slows Down And HNIs Flock To Commercial Properties
Last year, a Delhi-based high-net-worth individual (HNI) bought a 29,495 square feet commercial property in the Raheja Titanium complex in Goregaon East, Mumbai. The seller was based out of Kenya. Similarly, a tech-based fund bought 48,000 sq ft and 7,721 sq ft at the L&T Seawoods in Navi Mumbai and The Capital […]