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

Vineet Relia

An upward shift to affordable housing

The favorable policy announced by the Modi Government of owing affordable houses has got an upward shift over the past three years. The motto of announcing the policies such as “Housing for all by 2022”, Pradhan Mantri Awaas Yojna (PMAY)” is to give push to affordable houses so that people can buy their dream home at affordable pricing. RM Correspondent The Managing Director of SARE Homes, Vineet Relia says, “Affordable Housing is a necessity that needs to be fulfilled to bring back the real estate sector on track. The market is flooded with the high-end luxury housing, but the segment of affordable housing is evidently lacking in a few states. Once it gathers pace, affordable housing will not only enhance the basic quality of life, but also make good economic sense. Thankfully, affordable...

RBI infuses some festive madness – REPO Rate changed

The market is sluggish and in a severe need for funds, the last session of RBI wasn’t pleasing for the sector with no change in the REPO rate. Today’s session seems to cheer up the sector with the 0.25 percent rate cut, while the CRR (Cash Reserve Ratio) was unchanged. Even though the transparency is still questionable, but buyer will be able to get loans at a lesser rate of interest. The problems are situational but every developer should be tactical with their move. Here’s what they shared with Team RM Anuj Puri, Chairman & Country Head, JLL India The first question that arises after this rate cut is, of course, how it will help improve buyer sentiment in the housing sector. The reason why housing sales have been sluggish is because of trust deficit between consumers and developers. ...

Why so serious? Brighter days are coming ahead!!

Santosh Sinha / RealtyMyths Real estate is a serious business; it involves one’s lifetime investments and savings. Millions of customers look out for their abode every year; thousands of developers lure them of their dream homes. This demand and supply matrix produces millions of jobs for both skilled and unskilled sect of the society. More than 250 allied sectors find their businesses amidst these transactions. No doubt, Indian real estate is one of the largest contributors to country’s GDP. From the current rate of 6-7%, the sector has potential to enhance its contribution to almost 15% by the year 2020. However, sector’s growth has stagnated in last few years. This has made the developers, even more, serious about their future. Amidst all the seriousness, real estate sector witnessed so...

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