The moment a real estate developer uses words like ‘saleable area’, ‘built-up area’ or ‘super built-up area’, my mind now automatically switches off. Irrespective of the brand or offering–I lose complete trust on the developer. My principle is simple: If one can’t follow the terminology (carpet area) that is legally […]
Niranjan Hiranandani Talks About The Steps That Center Must Implement To Breathe Life Into Real Estate Sector
The real estate sector is facing a major challenge due to the lockdown. The problems started four years ago with demonetisation, which sucked a lot of liquidity out of the system; however, it introduced a lot of transparency in the dealings. The government then introduced GST to bring further reforms […]
Magicbrick’s Report Talks About The Steps To Recover For Real Estate
As the Indian economy is slowing getting back to a ‘new normal’ following the Covid-19 outbreak, green shoots have also emerged in the real estate sector with home buyers returning to the market — though in lower numbers — across tier- 1 cities, reveals the recently released Magicbricks’ Propindex Report […]
COVID-19 Effect: Real Estate Launches Fall By 56% in H1 20202: ANAROCK
On account of the nationwide lockdown imposed from the last week of March, new launches declined 56 percent in the first half of 2020 to 42,610 units. Going forward, consolidation among realty players will increase with branded players gaining a market share of almost 75 percent, a recent report by ANAROCK […]
Real Estate Calamity Intensifies As Housing Sale Plummets Over 80% in Q2 2020
India’s real estate sector is going through a serious crisis due to the economic shock triggered by coronavirus crisis. Housing sales have plunged over 80 per cent in the second quarter of 2020 in comparison to the figure in the corresponding quarter last year, according to research conducted by ANAROCK […]
The Prima Dona Of Mumbai’s real Estate Offers 20% Rebate on Properties
One of the leading builders in Mumbai has decided to offer residential units at a 20 percent discount in a sign that the crushing slowdown wrought on real estate by the coronavirus pandemic might be finally forcing companies to mark down property prices. Hiranandani Group, that has undertaken construction of […]