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

under-construction

Despite RERA, one-fifth of home buyers prefer refund, says Magicbricks

– 72% buyers want to file RERA complaint for delay in possession -19% home buyers would prefer a refund in case of delayed possession Ever since it was formed two years ago, Real Estate (Development and Regulation) Act 2016, (RERA) has brought in a ray of hope and is the first choice for home buyers when it comes to fighting inordinate delays in possession of their flats but significantly one out of five home buyers still prefer a refund in case of delays, revealed a Magicbricks Consumer Poll. According to the poll by Magicbricks, India’s No. 1 property site, 72% home buyers would like to file a RERA complaint in case of delay in possession while 19% would like to ask for a refund and just 10% would like to wait for possession if the project gets delayed. “In the last two years, RERA...

Attractive prices lure 61% Hyderabad homebuyers: ANAROCK Report

– Current avg. property prices in Hyderabad hover around INR 4,170 per sq. ft. – the lowest among all top 7 cities – In the last 5 yrs. the city’s average prices have risen by 15% – 3rd only to Pune & Bangalore that saw 25% and 16% appreciation respectively – Hyderabad micro markets with max. absorption in last one year was Pocharam, Bachupally, & Kondapur – 50% of buyers in NCR bought property due to effective RERA implementation while 58% of buyers in Kolkata were driven by lower home loan rates E-commerce biggies may be toning down their offers, but discounts and freebies are still alive and kicking in real estate – and developers are going all out to lure buyers with attractive deals and discounts. Is it working? As per the recent ANAROCK Con...

Top 4 under Construction Metro Rail Projects in India – RealtyMyths

by Anushree Ghosh, In recent times, we have witnessed a great shift in the way people commute in cities. Due to traffic congestion and the heightened level of pollution, metro rail has emerged as one of the best modes of transport in tier-1 and tier-2 cities. While the plan is to improve the inter-city network by metro lines, it seems to be a long way ahead, as there are still many ongoing projects that are incomplete. Here is a list of the status of various metro projects in India: Hyderabad Metro Line Hyderabad is on its way in becoming the global centre for IT and entrepreneurs, and the development of Metro connectivity has been instrumental in bringing the change. This has a clear impact on the real estate market of the city, which is now a great destination to check out for investors....

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, RERA, in its present form, is currently either non-existent or a pale shade of what it was intended to be. It is a fact that RERA has been diluted in some states to favour developers while in a few others it hasn’t even been deployed yet. RERA’s primary area of focus is under-construction properties. After all, this is the area where buyers had been facing the most challenges on account of project delays, project plan deviations, and various other issues. As things stand now, states like Maharas...

REITs – Serving Small Bites of the Large Real Estate Pie

Shobhit Agarwal, MD & CEO – ANAROCK Capital India is waiting with bated breath for the first listings on its home-grown Real Estate Investment Trusts (REITs). In fact, the first listing will happen within a couple months. REITs are good news for investors who have a small appetite – as small as Rs 2 lakh – and yet want to invest in the otherwise highly cost-intensive commercial real estate market. With REITs, they can literally take a small bite of the large Indian commercial real estate pie. One of the major real estate players in the country (Blackstone-backed Embassy Group) is in the process of launching its first REIT to raise approx. $1 billion as part of its strategy to monetize its rent-yielding commercial properties. Currently, this realty major is in the resh...

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.