GST Rate Cut: Panacea or Brief Pain Relief for Real Estate? – RealtyMyths

 Anuj Puri, Chairman – ANAROCK Property Consultants GST rate cut or not, GST-exempt ready-to-move draws maximum sales Of the total unsold stock of 6.73 lakh units in the top 7 cities, only 13% are ready-to-move-in Of 5.88 lakh unsold under-construction units, 20% to be completed in 2019 – the additio...Read More

Factors That Escalate Property Prices – RealtyMyths

by Anushree Ghosh Understanding the valuation of Properties Real estate continues to attract investments irrespective of the slow growth rate. Introduction of RERA and GST had put a dent in the system but it managed to survive and the momentum is regained. The market evaluation of the real estate pro...Read More

Building materials industry to grow by 10% in 2019 backed by massive infrastructure developments

The building material industry is the second largest employer in the country after agriculture, providing a significant contribution to the nation’s economy and employing a large number of people. Currently, it is valued at approximately $126 billion and is accounting for around 8% of India’s GDP. In...Read More

Will 2019 Be The Year Of Settlement For The Indian Real Estate!

The year 2018 comes to an end, and with this ends the year of speculations, ups and downs, and resettlements. Indeed, the year 2018 was a roller coaster ride for the real estate sector. Policy reforms like GST and RERA as well as monetary reforms like Demonetisation were still troubling the market wh...Read More

Indian real estate is on its recovery path : Rakesh Reddy

Rakesh Reddy, Director Aparna Constructions   The residential real estate market has made a strong comeback in 2018 especially in metros and tier 1 cities. Even corporate leasing has seen a fair share of rising as compared to the previous years. With the growing economy and the rising GDP, the m...Read More

The Highs and Lows of Indian Real Estate in 2018 – RealtyMyths

Anuj Puri, Chairman – ANAROCK Property Consultants New housing supply estimated at 1,93,600 units by 2018 end; an annual increase of 32% Housing sales in 2018 estimated at 2,45,500 units; an annual increase of 16% NBFC crisis holds sector at gunpoint as 2019 begins The year 2018 was a veritable rolle...Read More

RE/MAX India to invest 100 Cr by 2020 for expansion PAN India

~Plans to employ 5000 brokers in next 5 years~ RE/MAX India, the Indian arm of the global leader in real estate broking along with Franchise India announced its expansion PAN India plans at its convention in Bangalore. RE/MAX India plans to open around 500 offices employing 1000 agents in the next 2 ...Read More

RERA Deployment – Still Thin, But Complaints Galore!

  Anuj Puri, Chairman – ANAROCK Property Consultants More than a year and a half after the deployment of the Real Estate Regulatory Authority (RERA), it is evident that the Centre’s aim to have it enforced in each state to regulate the Indian real estate sector still falls way short of the intended m...Read More

56% buyers choose RERA for filing the complaint – Magicbricks Consumer Poll

Haryana RERA has received 1800 complaints; UP RERA regulator has disposed of 2200 out of 8100 complaints Within just over a year of its implementation, Real Estate (Development and Regulation) Act 2016, (RERA) has instilled faith and confidence among consumers as 56% of home buyers prefer to file the...Read More

RM Weekly Round Up

Hi folks, and welcome back to the weekly roundup, where we update you about happenings in the real estate world in the past week. So let’s get started! Beginning with the update on RERA. Hardeep Singh Puri warned the states against tweaking centre’s real estate law or else there will be harsh consequ...Read More

Ready-to-move Vs. Under-construction – Caveat Emptor!

Anuj Puri, Chairman – ANAROCK Property Consultants 4.25 lakh housing units ready-to-move-in in top & cities Only 5% buyers will consider under-construction projects RERA was supposed to save the day for homebuyers, but that doesn’t seem to have happened – at least not yet. In many states, R...Read More

RealtyMyths Weekly News Roundup

Hi Guys and welcome back to yet another Weekly Roundup, where we mention all the real estate affairs that took place in the past week.  Let’s get started! Starting with the update from Noida. Noida Authority gave ‘in-principal’ approval to the conversion of landholding rights from Leasehold to ...Read More

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