The RBI’s MPC has voted in favour of an interest rate cut to the tune of 75 basis points, which brings the repo rate down to 4.4 per cent from 5.15 per cent to help arrest the economic slowdown in the wake of the coronavirus (Covid-19) outbreak. The reverse repo rate has also been reduced…
Month: March 2020
Southern Peripheral Road sounds good connectivity in Gurugram
Southern Peripheral Road (SPR) is an important link between Faridabad-Gurgaon Road, Golf Course Extension Road and Delhi-Gurgaon Expressway. Simultaneously, it is an emerging real estate destination in New Gurgaon. Moreover, it has been drawing the attention of end-users and investors from quite some time now. This developing micro-market has several completed and under construction projects…
Sector 79 in Gurugram is coming up as a new residential hub
Gurgaon has emerged as the most preferred city by millennials for housing, and the reason behind it is the multinational companies like Microsoft, IBM, American Express, Bank of America and many others who have attracted the skilled working class to the city. More and more people are expected to come to the millennium city for…
Haryana’s new ‘Home for Everyone’ department to boost affordable & low-cost housing
Haryana government’s budget proposal this year to create a new department- Home for Everyone’ may well help coordinate all policy-related efforts, in turn giving a boost to low-cost and affordable housing in Gurgaon and other cities of Haryana. Proposed Plan This proposed new department is meant to further accelerate the efforts of the state government…
Corona slowing the pace of the housing market
The sudden Coronavirus outbreak, which threatens to drastically impact global economic growth as countries go into nationwide lock-downs to contain the spread, would wipe off any chances of value appreciation in the property market. It is indicated that nine major residential markets in India registered only negligible price growth in the past half a decade…
An initiative by Signature Global for labourers amid COVID-19 lockdown
In the wake of the novel Coronavirus pandemic, Signature Global, pioneers of affordable housing stand together with the government in the fight against COVID-19 spread. As per the guidelines issued by the Government on preventive measures to be taken in view of Covid -19, we have come out with social responsibility initiative of distributing essential…
COVID-19 and its impact on Realty Sector
While the corona virus may not seem like it will have a major impact on the real estate industry, a closer examination suggests that it actually may have a far-reaching impact. From office to retail to industrial, expectations are that the real estate industry could see major changes regardless of whether the coronavirus is short-lived…
YEIDA’s Airport Smart City project to boost investment in the NCR region
YEIDA plans to develop a smart city around Jewar Airport, this will be an investment booster for this region’s real estate. Development Plan Jewar Airport Smart City will be one of the five greenfield smart cities around airports announced in this year’s budget. This mega modern city will come up over an area of 1400…
NRI Investment in Realty Sector to grow to $ 13.1 bn
In the last few years, NRIs have come strength to strength in the Indian housing market. NRIs are one of the vital growth drivers for the Indian real estate. This rapidly growing concept leads to confidence levels of NRIs which reflects the transparency and clarity post-implementation of RERA, GST, and Housing for All by 2022….
Affordable housing spearheading the Delhi-NCR Market
Affordable Housing as the new format of housing projects has not only changed the market dynamics, but also consumer behavior, and helped in improving city infrastructure. NCR has been a market catering to all kinds of real estate buying options. The market share of affordable housing has increased significantly in the region with Gurugram and…