input costs
The housing projects in Gujarat are expected to become costlier by about 10-15% in case the rising input costs of material and labour are not reined on time, said the Gujarat Institute of Housing & Estate Developers (GIHED). The GIHED also has taken intervention from the government to keep a check on the spiralling prices of [...] Continue Reading »
The central government is considering to raise the limit of housing loans eligible at interest of one per cent to Rs 15 lakh from the current Rs 10 lakh. The proposal is likely to be discussed in the Union Cabinet this week. The move aims towards activating real estate growth as a major contributor for [...] Continue Reading »
The revenues of 25 listed realty companies in Bangalore have witnessed a downfall due to less number of sales. There was 9.3 per cent fall in revenue in the last quarter of 2011. According to a report by Knight Frank India, a real estate consultancy, buyers showed less interest in buying properties as the interest [...] Continue Reading »
Being hit by increased land rates, lack of funds and high interest rates, the real estate sector of India has again been demanding for industry status. Despite the fact that 10 per cent GDP is contributed by realty sector which is the second largest employment provider of the nation, the central government is not giving [...] Continue Reading »
