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….
Category: Affordable Housing
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…
REIT to be a game changer for the Realty sector
At the time when the Real Estate sector is facing a huge liquidity crisis, the debut of REIT in India will be a total game changer and an oncoming of new capital. With 90 per cent of their income to be distributed as dividends plus the potential for moderate and long-term capital appreciation, REITs can…
Addition of 200 million sq. ft in 2019 to boost the Realty Market
Keeping in mind the impact of policy reforms like RERA, GST and note ban, the realty market is on a recovery path and the housing sales are anticipated to rise in 2019. Basis a source, a space of 200 million sq. ft will be added in 2019 across all the segments including housing, office, retail…
Rs 34561 Crore Liquidity Infusion May Help Revive Bank Lending to Real Estate
The infusion of Rs 34561 crore into the banking system by the Reserve Bank of India by way of successful dollar- rupee swap to the tune of $5 billion may not only ease liquidity situation of the NPA- hit banks but has also raised hopes of reviving bank lending to sectors like real estate which are under restrictive lending…
Millennial more inclined towards Affordable Housing
Instead of searching for and booking bigger and more expensive real estate projects, millennial these days prefer to opt for smaller units that are more affordable when it comes to buying a house. More and more developers are settling on average unit size of apartments to make them affordable and attract the millennial homebuyers. Basis…
GST allows options to choose taxes for under-construction properties
For under-construction residential properties, the GST Council allowed the builders an option to choose between old tax rates and the new ones. This step has been undertaken to help the builders resolve Input Tax Credit (ITC) issues and continue paying tax at old rates (effective rate of 8 per cent or 12 per cent with…