The real estate sector has been in a very balanced phase in the first quarter of CY2019. With different initiatives from the government over the last few years, the government has aided the sector in the first quarter of this year in the form of lowering of GST on affordable homes to 1 per cent…
Category: Affordable Housing
RRTS linkage with Gurugram Metro to boost real estate corridors
The proposed plan of Gurugram Metro Development Authority to extend Gurugram Metro and connect it with the Rapid Metro as well as Regional Rapid Transit System (RRTS), will provide a big push to real estate along hot emerging corridors of Dwarka Expressway, Sohna Road and New Gurugram along NH8. The Gurugram Metro ‘s proposed corridor…
Upswing sales of residential projects
Basis the reports on real estate, the sales in the residential projects over the last few years have either remained stagnant or improved marginally and have finally the rapid decline in its sales have come to a standstill. The increase in the sales of the residential projects have been triggered with the demand for affordable…
Sales pick up a good tiding for real estate
With the project completions gaining momentum and sales picking up, the real estate sector has a reason to look at a scenario that brings stability and revival after years of slowdown resulting in muted sales . In an encouraging sign, 10 leading real estate developers have recorded a 50.7% growth in sales during the nine…
Two years of RERA and its effect on the Real Estate sector
Since the deployment of RERA (Real Estate Regulatory Authority), the Central government’s aim is to gather visible momentum of it in every state. Notification of RERA rule has already been put in application in 22 states and 6 Union Territories out of which 19 states have their active online portals where the states with active…
RBI panel’s Rs 3 trillion buffer to boost liquidity in realty
The Reserve Bank of India’s Bimal Jalan Committee on appropriate capital reserves may well identify an excess buffer of up to Rs 3 trillion for transfer from RBI reserves, will provide a push to liquidity in real estate. According to Bank of America Merrill Lynch , as of September 2018, there was excess capital of…
Affordable housing keeps alive hopes of early revival of realty
Affordable housing keeps alive hopes of early revival of realty With affordable housing continuing to be the dominant demand driver in the wake of rising sales of residential real estate across the country, the hopes of early revival of real estate are kept alive. Market survey reveals that affordable housing segment of residential real estate in the…
PMAY- Urban push to boost affordable housing
The continuous push by the Centre to flagship Pradhan Mantri Awas Yojana (PMAY)- Urban , especially the Credit Linked Subsidy Scheme component of the PMAY , has worked well to boost the supply of affordable housing. According to the latest statistics of Ministry of Housing & Urban Affairs, interest subsidy of over 12000 crore has…
Tier II cities to be the imminent stop for Affordable Housing
The existing infrastructure of the country is being pressurized with the adding population and the reason for the increasing population is the driving urbanisation and migration to metropolitan cities. Primarily driven by the already encumbered major metropolitan and urban regions of the country such as Delhi NCR, MMR, Chennai, Hyderabad, Kolkata and Bengaluru, there is…
Plan to link Delhi Metro to RRTS in Gurugram & Ghaziabad to boost NCR realty
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…