High interest rates
Real estate prices have remained untouched in last quarter of 2013, regardless of political uncertainty, liquidity issues, high interest rates and cautious sentiments. Property rates at Colaba, Marine Drive, Dombivali, and Ambernath went down by seven to 13 per cent whereas rates went up by 10 to 12 per cent at places like Hiranandani, Lower [...] Continue Reading »
New Delhi- With more and more number of green buildings sprawling across the country, the environment ministry has decided to relax the green building norms in an attempt to foster which has been impacted with the high interest rates. A large number of buildings will be de-linked by the ministry as the buildings can come [...] Continue Reading »
CREDAI, the apex body of realtors, welcomed the RBI’s decision to cut cash reserve ratio (CRR) by 0.25 per cent. However, they also felt that reduction in repo rate was needed to boost the real estate sector. The Indian real estate industry has expressed hope that a part of Rs 17,000-crore worth liquidity infused by [...] Continue Reading »
Research firm, Prabhudas Lilladher, has come out with its report on Mumbai real estate. According to the report, sales continue to witness slowdown in Mumbai and dip in commercial real estate has led to sharp decline in lease registrations. Sales registrations slipped below the 5000 mark for second consecutive month highlighting slackness prior to the [...] Continue Reading »
Reacting to the Union Finance Minister‘s advice asking realtors to download unsold stock at discounted prices, the Confederation of Real Estate Developers Association of India (CREDAI) has counter advised the minister to bring special incentives to boost purchase of houses. Credai has been lobbying with the government to push for reforms in the real estate [...] Continue Reading »
Home loan borrowers may get access to an alternate window rather than to wait for the Reserve Bank of India to ease interest rates as government is planning to furnish cheap housing credit opportunities. Indian Bankers Association (IBA) has been asked by the government to look into ways to provide affordable credit to home loan [...] Continue Reading »
The Mumbai home sales market has stagnated in June due to high prices and most buyers stop purchasing and expect the prices to come down. The Mumbai real estate market piles up with unsold inventory amounting to 80,000 units which forms 37 per cent of the total residential supply under construction. However, rising inventory with [...] Continue Reading »
Real estate market experts feel that property prices may come down, but however, it depends on the holding power of the builders. The real estate sales volume has dropped down in six of the major cities in India. Mumbai Metropolitan Region (MMR) witnessed 50 per cent drop, Gurgaon 45 per cent, Hyderabad 34 per cent, [...] Continue Reading »
In a report by Global Property Consultants CBRE South Asia, it is stated that the cost of the residential properties in India has witnessed a steady rise. But there is no increase in the demand curve for those properties across India. The cost of the properties has increased because of several hikes in interest rate [...] Continue Reading »
The high interest rates and high rates of properties in Hyderabad has dampened the realty sales! The property buyers in Hyderabad is no different when compared to other cities in stepping back to buy property at this peak time. The residential real estate market in Hyderabad is expecting a rapid growth within next two quarters. [...] Continue Reading »
