Updating India’s Land Laws Needed To Spur Economic Growth
As India continues to confront the COVID-19 crisis, there are also opportunities to not just weather the crisis but also revive economic growth. One of…
Anuj Puri
COVID-19 Sentiment Survey – Housing Now Preferred Asset Class, 59% End-users
Owned homes regain millennial mojo ~ 55% property seekers aged 25-35 yrs (against 42% in H2 2019 survey) Over 62% of home seekers will pay…
Coworking Space Fails to Attract Large MNCs Despite Lower Rentals
On an average, coworking spaces offer a substantial price difference of 15% over traditional spaces in the top cities. While Pune offers the maximum cost advantage of 33%, Gurugram in NCR has the least at 6%. While start-ups and budding entrepreneurs make a beeline to coworking spaces, large corporates remain wary of depending on them for their expansion. This trend is quite contrary to what is witnessed in developed European nations.
Will Indian Housing Revive In 2020?
The slowdown in the Indian residential sector is not the result of any one factor, though many would be tempted to assume that over-pricing is the main culprit.
Bangalore Pays A Steep Price For Construction Negligence
The Karnataka government has proposed to ban the construction of new apartments in Bangalore for 5 years. This is a harsh scenario to ponder, considering that the reasons that led to its need are haphazard over-construction and negligence to implement proper water management.
Rs 4,51,750 Cr Worth Housing Currently Stuck In Various Stages Of Non-Completion Across Top 7 Cities
The top 7 cities currently have a total stock of 5.6 lakh delayed housing units worth a whopping INR Rs 4,51,750 Cr. These units were launched either in 2013 or before that. Lakhs of buyers across top cities – particularly MMR and NCR – have been left in limbo, leading to inconceivable mental stress and financial pain
Can Mumbai Reap The Real Benefits Of Mumbai Port Trust Land?
Mumbai Port Trust owns nearly 1,900 acres of commercially useable prime land in the south and south-central Mumbai along the sea-facing eastern coast. If put to good use, this large tract of land can help considerably in solving the city’s immense housing shortage.
GST Rate Cut – Panacea Or Brief Pain Relief For Real Estate?
GST rate cut or not, GST-exempt ready-to-move draws maximum sales Of the total unsold stock of 6.73 lakh units in the top 7 cities, only…
Will Brexit Impact Indian Investments In UK Real Estate?
Brexit is currently the source of a lot of uncertainty, and there will be short-to-mid-term repercussions on the inflow of investments into the UK. The…
Interim Budget 2019 – May Focus On Wooing Voters Rather Than Boosting Specific Industries
We must temper our optimism with realism and not expect major boosts for the real estate sector in the Interim Budget. In other words, let’s be realistic and not overly optimistic.