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Unsold residential inventory hits 2-year low on ready properties’ sales traction

Publish on : 2019-01-17 11:00:29

An uptick in the traction of ready-to-move-in and nearing-completion properties has led to residential inventory overhang across India’s top 7 property markets dipping to a 2-year-low. Unsold inventory declined by nearly 7% from a year ago to 6.73 lakh units as on December end from 7.26 lakh units i...

At 18%, Mumbai rent inflation highest among five cities: Report

Publish on : 2019-01-08 14:44:53

MUMBAI: The Mumbai Metropolitan Region (MMR), which includes Thane and Navi Mumbai, experienced a maximum rent inflation of 18% in 2018, the highest among five Indian cities, a recent survey reveals. The average rent in MMR jumped to Rs 21,168 last year from Rs 17,912 in 2017 followed by Chennai...

Consumers’ body wants govt to bring projects for revamp under MahaRERA

Publish on : 2019-01-05 12:44:57

Mumbai Grahak Panchayat on Dec 31, 2018 wrote to CM Devendra Fadnavis to bring more than 6,000 redevelopment projects in the three cities under MahaRERA as assured by him. PUNE: For over a lakh families in Pune, Mumbai and Thane waiting endlessly for developers to complete projects under redevel...

Nearly 60% buyers say ‘No’ to GST for under-construction properties: Poll

Publish on : 2019-01-02 10:59:14

NEW DELHI: In a recent poll conducted by Magicbricks, around 57% home buyers have said that they do not want to pay Goods and Services Act (GST) at all for under construction properties. Buyers say that they are already paying registration and stamp duty charges to the state government hence GST is...

Indiabulls Real Estate approves restructuring with subsidiaries

Publish on : 2018-12-18 19:01:39

MUMBAI: Indiabulls Real Estate has approved a composite scheme of arrangement amongst itself, direct subsidiary Indiabulls Infrastructure and step-down subsidiary India Land and Properties. The proposed restructuring is being undertaken to facilitate the agreed divestment of Chennai assets in Ch...

Realty hot spot series: Connectivity is the key selling point of this NCR locality

Publish on : 2018-12-18 10:35:49

This sought-after Gurgaon address is a high-end micro-market having proximity with key office hubs of Cyber City and Sohna Road. In this week’s realty hotspot series we turn the spotlight on Goregaon Mumbai which is a well-developed residential-cum-commercial area comprising good physical &...

New DDA flats by Feb 2019 but size a dampener

Publish on : 2018-12-15 12:24:32

NEW DELHI: There’s good and bad news for house aspirants in Delhi. The good news is that after much delay, Delhi Development Authority (DDA) is likely to launch its latest housing scheme in February 2019. The bad one is that the number of flats would be much less than earlier expected and out of t...

Mid income homes contributes 42% of the residential sales in 2HFY19: Report

Publish on : 2018-12-12 19:08:59

Bengaluru: Mid income housing has emerged as the preferred segment for home buyers to purchase new homes even as the higher ticket size homes continues to see slow sales. According to a recent study by real estate market place, Square Yards, the share of mid-market houses touched an all-time hig...

GST, infrastructure status props up warehousing realty growth

Publish on : 2018-12-04 10:51:03

MUMBAI: The implementation of the Goods & Services Tax (GST) has sparked significant structural shifts in the Indian warehousing segment with smaller and fragmented warehouses getting consolidated into centralized warehousing hubs and an increasing focus on supply chain efficiencies. Betwee...

Shadow banking crisis is now starting to hit India's consumers

Publish on : 2018-11-29 10:47:29

Karan Dua, an electronics shop owner in south-central Mumbai, placed his hope of crackling sales on Diwali -- the festival of lights when Indians splurge on everything from clothes to cars and jewelry to houses. It hardly lit up business for the 35-year-old shop owner. Businesses like Dua’s are s...