Govt should introduce necessary reforms in the upcoming Union Budget to revive real estate sector
Rate of home sales has fallen by about half since the Nov 8 note ban
Note ban a big jolt, but positive factors may provide impetus; office market did well in 2016
By April 2017, the revolutionary Real Estate Regulation and Development Act will be in force
Ansal Properties, D S Kulkarni Developers, Nitesh Estates and Peninsula Land were trading at their 52-week lows on the BSE. .
The expansion of Chinese residential development outside China has impacts on a number of levels
Real estate and construction industry are, taken together, the largest employment generators, outside agriculture
KKR has extended Rs 120 cr for the development of the project, while Altico has pumped in another Rs 315 cr
Realty experts say development incentives based on road width will be a big positive for the sector in the long term
I-T department surveyed some real estate developers in NCR to check reports of alleged profiteering and tax evasion by these entities
According to reports, the Income Tax (I-T) department also conducted surveys on jewellers and suspected hawala operators
The ban on Rs 500 and Rs 1000 notes could lead to further reduction in interest rates on home loans and increase availability of funds for both developers and home buyers.
Quality supply in the commercial space remains scarce
States could give extended deadlines for developers to comply with the Act
In contrast, traditional commercial markets such as Mumbai and NCR are likely to remain stable in terms of rents and vacancy due to a stable demand and supply scenario
Helping developers raise over $3 bn via stake sales and REITs
The demand for office space was led by Bangalore, followed by Hyderabad, Mumbai, Chennai and Pune
Nearly 8-10 mn workers engaged in construction activities face uncertain future if the sector does not revive
The legislation will bring in the much-needed transparency to the real estate
The trust deficit has widened with buyers losing confidence in a developer's ability to construct and deliver a project on time