Thanks to lowest ever interest rates, range bound prices and government’s policy boost to affordable housing, home mortgage has seen good growth that bodes well for real estate. Despite Covid induced lay-offs and salary shrinkages, demand for fresh home mortgages remained robust in September-October 2020. Leading home loan providers have registered double digit growth. SBI’s home loan book has topped Rs…
Category: Affordable Housing
Infra & connectivity boost through ROW revamp to boost Gurgaon realty
GMDA’s latest policy initiative to revamp Right of Way (ROW) mechanism will help provide infrastructure, connectivity and mobility boost to Gurgaon real estate. As part of its policy initiative, Gurgaon Metropolitan Development Authority(GMDA) has started the process of revamping ROW mechanism. It has roped in School of Planning & Architecture(SPA) for creating the required mechanism….
RBI’s Monetary Policy Status Quo not to Impact Housing Demand
RBI’s latest Monetary Policy keeping the interest rates unchanged may not have any impact on the strong pick up in residential real estate witnessed in December quarter. Reserve Bank of India in its first monetary policy after the 2021-22 budget, has maintained status quo. RBI has kept the repo rate unchanged at 4% . Even…
Improved business confidence has good tidings for real estate
The significant surge in business confidence index in the December quarter of 2020,bodes well for the recovering real estate sector. That despite being hit hard by the Corona pandemic, business confidence has gone up, is clearly evident from the recent survey by Knight Frank, FICCI & NAREDCO. According to the survey findings, the business confidence index has…
Residential realty continues to be on growth path
With housing sales, new launches and private equity investment showing marked improvement, residential realty continues to have a promising run. Corona pandemic had crippled residential real estate which witnessed a massive decline of over 70 percent during the June 2020 quarter. However the September 2020 quarter saw pick up in residential sales and during festive…
Real estate needs support in Budget to ensure every Indian has a home
Real estate expects the Budget of FM to be truly one-of-its-kind for the sector too. As she has to balance the requirements of the business and financial prudence, it will be a difficult call for the FM. The Government will ideally concentrate on developing infrastructure in Tier II and Tier III cities, creating jobs in…
Record household savings to boost housing market
An all- time high increase in household savings, despite massive hit by Corona pandemic, will help boost residential real estate. According to UBS Report, household savings scooped up, $200 billion in extra savings amidst lockdown – a 20 year high. This despite the fact that household savings had been on decline between 2014 and mid-2019….
Affordable Housing reflects strength in sales
As we enter 2021, the momentum of historic sales could slow a bit but will remain strong to narrate a positive story. Unlike the past year, the real estate sector is now picking up with home buyers willing to make the move. But in case of the Affordable Housing, the trends are going against the…
Gurgaon real estate to get mobility boost
GMDA’s latest plan to redesign and revamp over a hundred traffic junctions in the city will provide mobility boost to Gurgaon real estate. According to Gurgaon Metropolitan Development Authority’s (GMDA) plan, all the traffic junctions under its jurisdiction will be redesigned and redeveloped. In all, about 140 traffic junctions in the city will be improved….
Affordable Housing back in demand; experienced realtors become buyers’ first choice
After facing tough COVID-19 challenges, like many other industries, the real estate sector too is now betting on a better 2021. The market is promising, and with the apex bank being optimistic about the economic growth, the real estate sector would see a marked change in 2021. Demand in 2021 is likely to recover to…