Construction costs
According to a report by Fitch Ratings, the real estate sector in India is to face a negative outlook in the second half (H2) of this year. The grim prediction is mainly due to sluggish demand, high construction costs and liquidity pressures. The sluggish demand is not expected to change over few months as RBI’s [...] Continue Reading »
India’s economic slowdown is reflected in the realty sector in the last few months. Asia’s third-largest economy is growing at its slowest pace in nine years and slow consumer expenditure has hit the retail market and the mushrooming malls. Real estate prices and construction costs are rising but the retail business is not growing enough [...] Continue Reading »
NCR Planning Board is all set to push the real estate prices in Greater Noida amid indications from developers that they would go for a price revision once the draft gets green signal the board. While the existing flat owners waiting for possession of properties remain unaffected, new buyers may have to pay at least [...] Continue Reading »
Knight Frank’s latest report focuses on uncovering the relationship between the developer and the suppliers of factor inputs such as Land and Construction costs. Land is the most significant input for property development. Analysis of land allotment policy of some of the major land aggregators provides interesting insights: City and Industrial Development Corporation (CIDCO) follows [...] Continue Reading »
Many real estate developers are entering the educational sector as many international schools in the city are run by one realtor or the other. For instance, Prestige Group promotes Inventure Academy, Mantri Developers is among the trustees of Indus International, Salarpuria Sattva has taken over Greenwood High, Gopalan Group runs Gopalan International School, and many [...] Continue Reading »
Mixed used construction is right now the talk of an hour in real estate sector! All are aware of the fluctuating scenarios in our Indian real estate market that the constructions are prolonged, construction costs are going high and thousands of properties are left unsold. Internationally mixed use development has been quite famous and down [...] Continue Reading »
If the state housing department nods, all the slum families in Mumbai city will be granted a house each. Prior to the orders passed on January 1, 1995; the slum dwellers will have to bear 50 percent of construction costs with the eligibility of free houses. A new chapter in the Maharashtra Slum Act, 1971 [...] Continue Reading »
