Slowdown
Consumers are now more keen to invest in ‘’ready- to- move- in’’ properties than availing the pre-launch offers. Due to the delay in construction, starting of the pre-EMIs and EMIs, the financial burden increases on the buyers as they have to pay for the EMIs as well as the rent (for their existing establishments) for [...] Continue Reading »
“Notional possession” of a part of real estate major Unitech’s 350-acre land parcel in Noida has been taken by Life Insurance Corporation of India (LIC). This is due to the failure to repay a part of its nearly Rs 150-crore loan from LIC. The ‘Notional Possession Notice’ issued by the country’s largest insurer warned the [...] Continue Reading »
According to research firm Liases Foras, the construction of nearly half of the 3,23,000 homes scheduled to be delivered in 2013 are lagging behind. At least a third of these will not be ready even before 2014. A survey by the company has revealed that three of every four homes to be delivered in 2014 [...] Continue Reading »
Even though the realty sector of India is witnessing a slowdown, Ahmedabad real estate seems to bag 50,000 new residential units in the mid-segment category in next two years. Commercial space absorption rate has outdone the pre-recession levels in the city. This market overview of Ahmedabad was released by one of the leading real estate [...] Continue Reading »
Assocham study reveals that the real estate industry is attracting substantial investments in seven of the 20 top well-performing states even as the property market is facing slowdown. Almost 50 percent of Haryana’s investment is being done in realty sector since December 2011. The services sector accounted for about 34 per cent of its total [...] Continue Reading »
The dipping rupee value in the past few months has brought a lot of cheer to Non Resident Indians. The Indian real estate market has now turned sluggish and the depreciating rupee adds more power to NRIs dollars and leads them to acquire properties at cheaper rate. Anuj Puri, chairman & country head, Jones Lang [...] Continue Reading »
After a one-year period starting in the third quarter of 2009,the Mumbai residential real estate market has been seeing a slowdown. The key reasons behind this slowdown are higher prices, higher interest rates impacting affordability, lack of liquidity, scams diluting investor sentiment – and, to a lesser extent, excess supply in a few micro markets. [...] Continue Reading »
