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

Economic Slowdown

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...

CREDAI to host conclave on sustainable developement in Pune

Mr. Satish Magar, President Confederation of Real Estate Developers Association of India (CREDAI) National, has called for a special conclave in Pune starting September 26, 2019, as a precursor to CREDAI’s 20-year anniversary, come 2020, and in view of the current economic scenario of the Indian sub-continent. The theme of the conclave is focused on a pledge for a sustainable India, holding firm on four core areas: Skilling, city greening, water conservation and membership expansion for 2019 – 2021. The conclave will also aim to understand the current challenges being faced by the real estate sector, in an organized format. CREDAI National has extended the invitation for the conclave to member Presidents and Secretaries across the country. Mr. Satish Magar, President CREDAI National ...

Corporate Tax Cut Will Boost Market Sentiment

by Santosh Sinha In continuation to government’s efforts to bring the economy back on the growth track, Finance Minister Nirmala Sitharaman today proposed to slash the corporate tax rate for domestic firms and new domestic manufacturing companies. As per the new announcement, the current corporate tax rate has been brought down to 22% from 30%. The effective tax rate will be 25.17% inclusive of all surcharges and cess for such domestic companies. For new manufacturing companies, the existing tax rate of 25% has been brought down to 15%. The effective tax rate after surcharges and cess will be 17%. This is a huge boost to the corporate sector. A sudden surge of more than 1600 points at Sensex testifies market’s mood over this announcement. As per some of the economists and marke...

Chennai has Least Delayed Housing Stock of Top 7 Cities – ANAROCK Report

– by Anuj Puri ANAROCK’s latest report ‘Chennai: Driven by Diversified Economic Base’ finds that the city’s real estate market reflects little of the automobile sector’s slowdown. In fact, Chennai’s diversified economy is keeping the momentum upbeat for its realty market. Anuj Puri, Chairman – ANAROCK Property Consultants says, “The report confirms that Chennai logged a 25% jump in housing sales in H1 2019 against the preceding year – much higher than Hyderabad’s 12% and Bangalore’s 9% over the same period. The city’s developers have remained focused on restricting new housing supply and deploying resources to complete ongoing projects. This has had remarkable results – Chennai has the least number of delayed housing units a...

Innovation is an essential ingredient of a successful business: Ajit Gupta

We must have heard it many times that in business, patience is a virtue that defines its success. But, listening to it from the horse’s mouth made a lot of sense and actually simplified the whole thing. While interacting with Mr. Ajit Gupta, Founder, and CEO, Ajit Industries, we got to know how continuous patience and an eye on the opportunity to innovate can actually make a lot of difference. Commonly referred to as the ‘Tape Man of India’, Mr. Gupta talks about the business challenges and current market scenario and explains why the new-age entrepreneurs must practice patience to make their business successful. Here are the excerpts.      RM: You are known as ‘THE TAPE MAN’ of India. Can you please share the story behind this? AG: Driven by a passi...

Will Govt. Light Indian Housing Sector’s Festive Lamp?

– by Anuj Puri The Indian festive season, ushered in by Ganesh Chaturthi, has begun and investment decisions are being made. For homebuyers, this period is both auspicious and opportune to buy homes because real estate developers inevitably roll out attractive incentives – either in the form of price reductions, money-saving opportunities like waived stamp duty and registration charges, or ‘white goods’ like furnishing and household electronics – to attract genuine buyers. This year, the government has already done a lot of the heavy lifting when it comes to sweetening the deal for homebuyers. The slew of measures announced over the past two weeks, primarily to boost consumption, have both direct and indirect benefits for homebuyers and have already set the st...

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...

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.