Even as residential launches dropped 41 percent in January-June period this year against H1 2016, the real estate sector witnessed a resurrection in the affordable housing segment, a recent survey said.
Housing sales fell 26 percent in Delhi-NCR in the first half of 2017 as demand continued to be sluggish post-demonetisation despite a price correction of 20 per cent in the last 18 months, according to Knight Frank.
Realty firm Signature Global, which is into development of affordable homes, has roped in Bollywood actress Vidya Balan as brand ambassador.
The reduction in LTV ratio will help make home loan cheaper as housing finance companies (HFCs) would have more fund for lending.
The consumers will have to shell out more for the ready to move-in flats under the GST system as developers with large unsold inventories are planning to pass on the higher tax burden to home-buyers.
Housing sales fell by 41 percent during January-May period of 2017 at 1.10 lakh units across 42 major cities as property demand continued to be sluggish post demonetisation, according to PropEquity.
On Thursday, the government hiked the GST rate for the construction sector to 18 percent from 12 percent but removed land value from computation of tax liability.
The minister emphasised that the Centre and states need to implement the new real estate law in an effective manner.
The Delhi Development Authority's much-awaited new housing scheme with 12,000 flats on offer was rolled out on Friday.
The Delhi Development Authority's much-awaited new housing scheme with 12,000 flats on offer will be rolled out on Friday.
The Delhi Development Authority's much-awaited new housing scheme with 12,000 flats on offer will be rolled out on Friday, officials said today.
Realtors' body NAREDCO has written to the Prime Minister seeking lower GST of 6 percent on sale of under-construction property from 12 percent as higher tax will lead to price rise and affect sales.
Out of the total number of flats, most of them in Rohini, Dwarka, Narela, Vasant Kunj and Jasola, 10,000 unoccupied flats were from a 2014 housing scheme, while 2,000 flats had been lying vacant.
Industry body Assocham said owing to the pressure on hiring and annual pay rise for employees, house owners in Bengaluru, often called India's Silicon Valley, seem to have done a reality check and are accordingly slashing the rentals.
Realty firm Signature Global will invest Rs 400 crore to develop two new affordable home projects in Gurugram as part of its expansion plan in low-cost housing segment.
HDFC Chairman Deepak Parekh on Friday termed government policies on housing as practical and implementable and expressed hope that new regulations will stop "undesirable activity" practiced by some realtors.
Indiabulls Real Estate plans to raise up to Rs 500 crore through the issue of non-convertible debentures on private placement basis.
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30 cities announced today proposed a total investment of Rs 57,393 crore under respective smart city plans.
Retirement fund body EPFO on Thursday joined hands with Housing and Urban Development Corp (HUDCO) to enable its members avail credit-linked subsidy of up to Rs 2.67 lakh for buying affordable homes under PMAY.