The record jump in the digital disbursement of loans including home loans and personal loans , holds great promise for the growth of residential real estate. According to a RBI report, the overall volume of loan disbursements through the digital mode grew more than 12-fold between 2017 and 2020 to Rs 1.42 lakh crore from…
Month: November 2021
New smart multi-level parking lots to ease commuting in Gurgaon
Two new smart multi-level parking (MLP) facilities , planned by the Gurugram Metropolitan Development Authority ( GMDA) will considerably increase parking capacity in the City Centre area, improving mobility in the city. GMDA has planned the new parking facilities at strategic locations in the Sector 29 City Centre area. These parking lots will come…
Real Estate sector expect encouraging period as Festival days are around the corner
As the festival season is on, the latest reduction in home loan interest rates by SBI will help the sector gain buyers. The prices are already subdued, and buyers will be able to save a little more money. Additionally, the bank will not charge a processing fee and has removed the distinction between salaried and…
Demand for housing expected to increase in this festive season
This festive season is critical for the real estate industry, and it is expected that the housing sector would perform exceptionally well in the next quarter. Realty developers believe that this year’s festival season should be a good one for Indian real estate, with near-record sales. Builders expect robust business with a host of new…
Positive retail credit growth to boost affordable housing
With the retail credit growth turning positive for the first time in FY 2021-22, majorly driven by housing(especially affordable and mid-priced), besides car and consumer loans, the festive months further set to give a boost to affordable housing. According to the RBI data, bank lending rose Rs 7283 crore till September 24, against a contraction of 1…
Affordable homes to lead residential recovery
Despite Corona setbacks since the beginning of last financial year, the creditable performance shown by the affordable and mid- priced housing segment, bodes well for the recovery of the residential sector. A recent industry report has shown that affordable homes priced below Rs 30 lakh , have recorded 30 percent traction. This translates to a…
Record rise in project launches to speed up residential recovery
The substantial pick up in new housing projects launches, is set to give a big push to the sale of residential units, quickening the pace of the residential real estate market recovery. That the new home launches have gained traction, is clearly evident from the recent residential review of India’s top cities by Square Yards. The …
New launches perk up New Gurgaon realty
As the home sales and new project launches gain traction across top cities due to pick up in economy amidst ebbing of Corona pandemic, New Gurgaon has shown promising performance on this front which bodes well for the real estate recovery and growth. New Gurgaon, which has emerged as a top affordable housing destination ,…
Continuous rise in housing demand to boost realty growth
The unabated rise in the housing demand this year, has set the stage for fast retrieval of the last ground , paving way for strong growth in residential real estate in the coming years. A recent report of Magicbricks’ PropIndex points to substantial rise in both demand and supply of housing. While demand in the…
Mortgage offtake pick up brightens prospects for residential real estate
While there has been a slowdown in the credit growth to commercial real estate , the rise in housing credit by the banks, has brightened the prospects of residential real estate . The Reserve Bank of India report says that retail credit, including housing , has shown an accelerated growth rate of 12.1 percent in…