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Offices, Affordable Housing Keep Realty Afloat
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Offices, Affordable Housing Keep Realty Afloat
Publish on : 2020-01-01 15:09:02
India'S Property Industry Continued Its Choppy Ride Through 2019 With Commercial Assets Finding More Takers Even As Affordable Homes, Underpinned By Federal Sops And Lower Interest Rates, Bucked The Tepid Demand Trend In The Residential Real-Estate Market. Liquidity Pressure On Builders On The Back Of The Nbfc Crisis Led To A Significant Rise In Consolidation Across Geographies, Paving The Way For Joint Ventures, Development Agreements And Even Outright Sale Of Projects. The Government’S Announcement Of A Rs 25,000-Crore Last-Mile Financing Support For Stuck Projects Has Rekindled Hopes Among Homebuyers Who Are Yet To Get Delivery Of The Homes They Paid For. The Housing Market Has Managed To Show Some Growth This Year And This Could Have Been A Recovery Year Had It Not Been For The Slowdown In Credit And Liquidity,” Said Pankaj Kapoor, Md, Liases Foras, Liases Foras Real Estate Ratings & Research.

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