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.
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.
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
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 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…
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…
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.
The need is to look beyond minimal tax sops and consider whether they actually make homes affordable and catalyze sales. Perhaps, instead of constantly looking for tax sops, we need to question the very fundamentals of pricing in real estate.
Coworking Spaces are proving to be the best alternative for a rising number of freelancers, women employees seeking flexibility, and for those looking to be stationed at prime locales with connectivity and faster commute options
The previously failed attempts by the State Government to rebuild Mumbai’s Dharavi have now prompted a new angle – the area is now being promoted as Mumbai’s new business district.