Real estate sector mess: Realtors desperately seeking govt aid, but are paying price for holding rates too high, too long
5 years, 3 months ago

Real estate sector mess: Realtors desperately seeking govt aid, but are paying price for holding rates too high, too long

Firstpost  

Real estate prices dramatically increased since 2000 through the boom years but over the last half a decade or so, there had been hardly any meaningful appreciation in prices. For instance, in Mumbai which is one of the biggest markets for high-end real estate inventory, prices haven’t appreciated much in the last 5-6 years. What the government has done is an attempt to boost the sentiment in the real estate sector by offering a distressed fund. The real estate cartels holding on to the high prices have contributed to the sales slump in a big way.

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History of this topic

Can Indian real estate market face a crisis like China's Evergrande?
11 months, 1 week ago

Can Indian real estate market face a crisis like China's Evergrande?

Hindustan Times  

A Hong Kong court on January 29 ordered the liquidation of embattled Chinese real estate giant Evergrande, a move that is likely to impact China’s financial system and the confidence of global investors. But unlike China, India's real estate sector gradually recovered thanks to government initiatives and the setting up of the Real Estate Regulatory Authority across the country. “Following …

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM
1 year, 11 months ago

Budget 2023 Expectations: Will Home Buyers Get More Relief? Here's What Real Estate Sector Wants From FM

News 18  

Real estate sector in India is expected to grow at a CAGR of 15%, from $60 billion in 2010 to $1,000 billion in 2030. Despite the rise in interest rates on home loans by more than two percentage points over the past year, housing sales have remained strong in 2022, in large part, because of the pent-up demand from the …

‘Real estate may see huge investments’
2 years, 6 months ago

‘Real estate may see huge investments’

The Hindu  

Market experts have reacted to the RBI repo rate revision. “RBI’s announcement of an increase in the policy rate by 50 basis points – the second consecutive hike - is along expected lines in the backdrop of persistent inflation, global headwinds, and macroeconomic situation. Also, interest rates are still likely to remain at decadal lows and hence, while the opportunity …

Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says
4 years, 8 months ago

Coronavirus Outbreak: Real estate industry sentiment plunges to record low during January-March quarter, survey says

Firstpost  

New Delhi: The real estate industry sentiment plunged to an all-time low during January-March as stakeholders turned pessimistic, foreseeing an adverse impact of the Covid-19 pandemic on demand-supply and liquidity in the market, a survey showed. According to property consultant Knight Frank and industry bodies FICCI and NAREDCO, the real estate sector, which showed signs of revival during the October-December …

How to solve India’s real estate crisis
5 years ago

How to solve India’s real estate crisis

Live Mint  

When will the real estate sector come out of an extended slump? The real estate sector is caught in the tweezer grip of delayed project deliveries, developers starved of funds, high unsold inventory and a growing proportion of stalled projects. By this time, banks had started reaching their sectoral limit of exposure to real estate and it was getting difficult …

Nirmala Sitharaman hints at more sops for housing sector
5 years, 2 months ago

Nirmala Sitharaman hints at more sops for housing sector

India TV News  

Hinting at a big boost to the realty sector, Finance Minister Nirmala Sitharaman on Tuesday said that the government and the Reserve Bank of India are in the process of resolving the issues faced by the real estate sector. "The government is working together with the RBI to see how best we can tweak the existing norms wherever necessary to …

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
5 years, 3 months ago

Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed

Firstpost  

CREDAI’s national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact. CREDAI’s national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact as it excludes those projects which are either facing insolvency proceedings or become non-performing assets. In July, the National Housing …

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