The revised plans of the Gurugram Metropolitan Development Authority (GMDA) to link Delhi Metro with Delhi- Alwar Rapid Rail Transport System (RRTS) and Ghaziabad Development Authority (GDA) to connect Delhi Metro with Delhi- Meerut RRTS will set a stage for big connectivity boost to real estate in the NCR. Haryana Metro Rail transport Corporation (HMRTC) already has a detailed planning…
Month: April 2019
Homebuyers more inclined towards ready-to-move-in properties
Basis a report, after the depletion of the GST rates, the demand for newly launched units has improved to a great extent. Though the preferred choice for home buyers are ready-to-move-in properties, but with the implementation of the new real estate law RERA (Real Estate Regulatory Authority), the buyers faith have seen a decent revival…
Gurugram becoming the hub of the Realty sector
Millennial these days are fighting the urge to buy a house of their own and with government’s different policies and incentives for the real estate sector, it has become easier to buy a house rather than living in rents. Instead of searching or buying bigger and expensive properties, smaller and affordable units can always be…
Increase and recurrence of Affordable Housing the Indian Realty sector
In a country like India, buying a home is not only a roof over one’s head but it is also the biggest financial security that an individual depends on. Over the last two decades, the demand for homes in bigger cities has grown exponentially with the rapid urbanisation which is gradually leading to mass-scale migration…
Big boost to office space supply a positive sign for residential realty
The big strides made by the commercial office real estate with a substantial pick up in new office space supply is a healthy sign that will positively impact the growth of residential real estate in the months ahead. Office space supply has risen by 46% during the first quarter of 2019 on the back of rising demand from corporates…
NCR takes lead in affordable housing
National Capital Region has emerged as a leading region in promoting affordable housing in the country, with NCR together with Mumbai Metropolitan Region (MMR) contributing 55 % share of the overall new budget housing supply between 2014 and 2018. According to latest market statistics, NCR and MMR have come up as top regions in housing supply and sales….
Central Government and the Real Estate sector
Over the past few months, the invigorated Real Estate sector have changed due to various policy and regime changes dawning with the introduction of demonetization, which was considered as a major event for the real estate sector followed by the implementation of RERA (Real Estate Regulatory Authority), the GST regime and the government’s push towards…
Bonanza for realty sector in Haryana
The recent policy initiative by the Haryana government to allow major reduction in the area norms for development of residential and industrial colonies will serve as a booster to housing in Haryana in general and the NCR towns of the state in particular. The Department of Town and Country Planning, Haryana has announced major concessions…
Home loan rate cut to boost housing
The recent reduction in key policy rates by 25 bps to 6 percent from 6.25 percent to 6 percent may well help reduce the EMI burden on home seekers, in turn giving a much needed push to home sales. This is the second rate cut by the Reserve Bank of India this year. In February RBI had effected…
Affordable Housing aiding the Residential sales
Driven by the several measures by the government including sops offered in the Interim Budget, GST rate cuts and lowering of home loan rates post the RBI’s recent repo cut, the first quarter of 2019 has witnessed rise in both housing sales and new supply. The sales and new launches remained muted during the period…