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housing stock

Housing stock almost doubles in key cities of India

Housing stock almost doubles in key cities of India
In the last three years, the number of unsold housing units in prime cities such as Delhi-NCR, Mumbai and Hyderabad have nearly doubled, indicating that the real estate in India would need a long time to recover from. Liases Foras, a real estate consultancy and research firm has revealed that the stock level of residential [...] Continue Reading »

Unsold housing stock piling up in Delhi-NCR

Unsold housing stock piling up in Delhi-NCR
Delhi-NCR: A total of 5.2 lakh residential units are under construction in Delhi-NCR of which around 1.4 lakh are lying unsold owing to weak demand, states a recent report by property consultant Knight Frank. Around 31 percent fall has been observed in the new home launches in NCR at 33,500 units during the second half [...] Continue Reading »

CREADI asks members to reduce property prices

CREADI asks members to reduce property prices
The Confederation of Real Estate Developers Association of India (CREDAI) supporting the suggestion of Finance Minister P Chidambaram’s has asked  to reduce the property prices of housing stock to its members of Punjab. The members who are against the move said that developers are already selling these inventories at low prices. However developers explained this by stating the [...] Continue Reading »

Housing prices unlikely to fall, NRI investors to blame

Housing prices unlikely to fall, NRI investors to blame
Analysts are of the opinion that housing prices are not likely to fall anytime soon. They blame the domestic as well as foreign investors, including NRIs, for this. High property prices are not even helping developers as they are in debt. The cash generated by selling properties turns out to be much less than what [...] Continue Reading »

CREDAI asked to conduct survey on of unsold houses

CREDAI asked to conduct survey on of unsold houses
Union secretary for financial services D K Mittal has reportedly asked the Confederation of Real Estate Developers Association of India (Credai) to conduct a survey of unsold housing stock across the country. The initiative was taken at a meeting which was attended by representatives of both banking industry and developers. The step comes in the [...] Continue Reading »

CREDAI ready to cooperate with IBA

CREDAI ready to cooperate with IBA
As Union Finance Minister P Chidambaram’s take on realtors seems to invite reactions from the developers. CREDAI national president Mr Lalit Kumar Jain stated that the finance minister should take immediate steps to boost to housing stock supply through special incentives to the affordable segment. He further added that the reported figure of unsold housing [...] Continue Reading »



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