Latest Real Estate News Delhi, India - Real Estate market in india

demonetization

Not out of the woods but light at the end of the tunnel

Black swan events have been plaguing the Indian economy for quite some time now. The policy paralysis that began in 2012 continued till 2014 and had every sector reeling under its pressure. The real estate sector was no exception, particularly the residential market. Home sales experienced a dwindling trend in these years followed by a change of regime and policy disruptions. In this context, it is essential that we analyze this situation where the markets are only talking about downturns and declining trends in residential sales. For this purpose, we have considered the sales in the first nine months of each year between 2013 and 2019 for the top seven cities: Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai, and Pune. The aggravation over the residential slowdown The backdrop to...

Festive schemes make realestate a buyer’s market

– by Siva Krishnan The festive season is here again and the market is ripe for all prospective homebuyers, who plan to enter the market this season. Developers are cashing in on this spirit to revive sales, disrupted by factors such as demonetization, economic slowdown, and introduction of GST & RERA, among others. Add to that, the NBFC crisis which resulted in a liquidity squeeze. Several developers across the country are doling out discounts and freebies to offload their unsold units. Typically, it is expected that the market will witness a significant jump in sales during the festive season that starts from the beginning of Ganesh Chaturthi celebrations and goes beyond Diwali. So what’s on offer for homebuyers? Discounts: Cash discounts are undoubtedly one of the most lucrativ...

Ahmedabad has 52% of Housing Supply in Affordable Category

The residential real estate market in Gujarat’s top city Ahmedabad has been riding high on affordable housing projects over the last five years. A highly price-sensitive market, Ahmedabad is banking heavily on boosted demand for affordable homes. The government’s push for the affordable segment is another feather that gives it the much-needed impetus. No wonder more than half of the units launched from 2014 onwards catered to the budgeted segment priced <INR 40 lakh. Santhosh Kumar, Vice Chairman – ANAROCK Property Consultants says, “According to ANAROCK research, as many as 1,30,650 units across different budget segments have been launched in the city since 2014 till H1 2019. Of this, nearly 52% (approx. 67,400 units) were in the affordable segment, followed by 37,400 units in the mid-...

What Ails the Residential Real Estate Market?

– by Anuj Puri The ‘golden years’ of Indian residential real estate are well and truly over, at least in the short to mid-term. The sentiment of end-users, as well as investors who previously banked heavily on residential real estate for maximum returns, is seriously curtailed. Housing sales soared to 3.5 lakh units in 2014 (the best between 2013 to 2019) but fell to a mere 2.1 lakh units in 2017, immediately post demonetization. Homebuyers perched themselves on the fence, awaiting more favorable market trends, and investors backed out completely. There is no questioning the fact that the various reformatory changes that have contributed to the slowdown were necessary to radically transform a sector historically marred with unscrupulous activities. While the insurance sec...

Branded Developers Dominate with 53% of New Housing Supply in H1 2019

-by Santhosh Kumar An integral part of Indian residential real estate’s coming-of-age process is the rise of *branded developers, who are outpacing their non-branded competition in overall housing launches. Reformatory changes led by demonetization and RERA have spearheaded this movement. ANAROCK research indicates that out of the total new supply in H1 2019 – approx. 1,39,480 units in the top 7 cities – over 53% (73,930 units) were launched by branded developers, and 47% by non-branded entities. In H1 2018, branded developers’ share was 52% and during H1 2016 – before DeMo and RERA – non-branded developers had a 60% share (approx. 95,600 units) of the total of 1,59,090 newly-launched units in the top 7 cities. Branded developers accounted for 63,490 units (40%) of ...

Hines and Conscient to Develop Luxury Residential Project in Gurgaon

Hines, the international real estate firm, and Conscient Infrastructure Pvt. Ltd., a trusted name in the real estate industry in India, have commenced work on developing the premium residential project, Elevate, in Gurgaon. The residential project, with an estimated value of INR 2000 Cr., is Hines’s first residential venture in India. Conveniently located in an exclusive enclave in Golf Course Extn. Road, in Sector 59, Elevate is a thoughtfully designed, differentiated, high-quality, residential development option for the customers, priced at INR 2.2 – 4.0 cr. ticket size. The project houses 556 for-sale apartments with equivalent saleable area sizes ranging from approximately 2,100 square feet to 3,400 square feet. Conscient Infrastructure will be the developer for the project while Hines...

Factors Deciding the Right Value of Flat – RealtyMyths

by Anushree Ghosh, After economic liberalization took place in 1991, India witnessed a free flow of capital in real estate that positively impacted the growth of this sector and attracted foreign investments. 2001 -2008 was a period of high growth when many projects worth millions were initiated by developers. The global economic slowdown of 2008 had some impact on the Indian market, suddenly, a large chunk of investment went away from this sector. However, the real estate sector started a gradual recovery. Although, demonetization by the government proved to be a hindrance in the ongoing growth; real estate came back to a steady pace after a break of a few months. Also, new initiatives like the Real Estate Regulation Act (RERA), Benami Transactions Prohibition Act, and Goods and Services ...

Will India Housing Sector Return to Favour with PE Firms? – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants Inarguably, the Indian real estate vertical that in the direst need of funding is the residential sector. In a perfect world, the private equity that is now pouring into the country’s realty sector would focus on where it is needed the most. However, PE firms have their own investment rationale, and Indian residential real estate has been far from attractive to them. There are sound reasons for this. The Indian residential sector has been hounded by multiple problems for the last 3-4 years. These include the issue of stalled/delayed projects, liquidity crunch, and high property values despite weakened demand and slow sales. The country’s housing market has also seen the highest impact of policy-induced disruptions. Given...

Importance of Carpet Area under RERA – RealtyMyths

The difference between carpet area, built-up area and super built-up area, how the developer misleads the buyer – how the carpet area was not disclosed accurately, future of real estate market in India due to the new provision under RERA regarding carpet area. by Anushree Ghosh The total area of a property is calculated in three ways –carpet area, built-up area, super built-up area. Therefore, the three areas can lead to a lot of confusion at times. Here is how you must distinguish the three areas: Carpet Area is the area enclosed within the walls, Built-up Area is the carpet area and the outer wall thickness plus the balcony. Super Built up Area is the sum of the built-up area and the proportionate area of common areas with respect to the area of the property. While buying a propert...

Real Estate Weekly News Round Up

Welcome back folks to Realtymyths Weekly News Round-Up It seems August beholds many good news for the real estate and infrastructure sector. Let’s hear the news and you will come to know why we say so. In a positive development, NITI Aayog plans to revive the struggling real estate sector and  plans tax boost. After the reduction of GST rates on paints and varnishes to 18 per cent from 28 per cent, NITI Aayog, in consultation with the urban development ministry, has recommended reduction in the rate for cement as well. Besides, it has also suggested bringing the stamp duty within the ambit of the GST. It appears that demonetisation has brought in positive impact in the secondary sales market. According to a recent report by ANAROCK, number of buyers in secondary real estate market ha...

GST & RERA making Indian real estate more organized: Tanuj Shori, CEO, Square Yards

No matter you are an IIM graduate or the youngest Executive Director at Nomura, it is never easy to leave your comfort zone and start a new venture. However, when you are equipped with rich experience and a sound knowledge of your domain coupled with a zeal to enrich others, the path becomes less bumpy. So is the case with Tanuj Shori, Founder, and CEO, SquareYards. Tanuj has an experience of more than 8 years in Capital Markets (Equities) where he worked with some of the global leaders in this field. During his tenure with Standard Chartered Bank, Lehman Brothers, and Nomura, Tanuj used to track the Asia Pacific & US markets and, gradually, acquired specialization in these regions. Tanuj has been a fast achiever throughout, and apart from strong educational pedigree, he rose to become...

One Year of Demonetization: The impact on the real estate market

by Anuj Puri, With respect to property sales, the secondary market was obviously highly susceptible to demonetization as compared to the primary market. Property transactions in the secondary sales and luxury housing segments tended to have significant cash components, and such sales have been hampered significantly due to demonetization. In contrast, demand for affordable and mid-segment housing has been on a rise. Watch the preview of the impact of Demonetization Initiatives such as interest waivers on the home loans, the Government’s push for affordable housing through the Pradhan Mantri Awas Yojana (PMAY) and the ‘Housing for all by 2022’ mission have come to the forefront over the past one year. Various policy initiatives, amendments, and reforms were all aimed at making the real esta...

  • 1
  • 2
  • 4
Please wait...

Subscribe to our newsletter

Want to be notified when our article is published? Enter your email address and name below to be the first to know.