Credai, the realtor's body, on Saturday said that housing prices unlikely to come down in primary market post demonetisation since rates are already at the lowest level.
Indiabulls Housing Finance Ltd has raised Rs 500 crore by issuing debentures on a private placement basis.
Even as the sale of pre-owned houses and developer-built small properties have come to a standstill, the realty industry hopes the quantum of home loans will pick up after stability returns and eventually lift its fortunes.
As per a report, Bengaluru and Mumbai are all set to be top two realty investment spots for 2017 in the Asia-Pacific (APAC) region, says a report.
Indiabulls Real Estate on Thursday announced buy-back of up to six crore equity shares of the company for Rs 540 crore.
Housing prices in 42 major cities across India could drop by up to 30 per cent over 6-12 months after the demonetisation of high-value notes, wiping out over Rs 8 lakh crore worth market value of residential properties sold and unsold by developers since 2008.
National capital's upscale Khan Market has slipped two position to world's 28th most expensive retail location, even as it continues to be the costliest place to hire a shop in the country, says Cushman & Wakefield.
The Naendra Modi government's recent bold move to clamp down on black money hoarders through the ban on Rs 500 and Rs 1,000 currency notes is likely to have a positive impact on the residential market in the country.
The Supreme Court on Monday ruled in favour of Hotel Taj Mansingh and ordered status quo while restraining civic body NDMC from auctioning the property.
The Supreme Court on Monday stayed the order of a division bench of Delhi high court which had dismissed IHCL's petition challenging the move by New Delhi Municipal Council (NDMC) to auction the property.
The Delhi Development Authority (DDA) is likely to launch a new housing scheme with more than 13,000 flats on offer in January 2017.
The Supreme Court on Friday stayed all the upcoming meetings of homebuyers of Unitech Ltd for giving their approval or disapproval to a proposed compromise scheme forwarded by the company to enable it to complete pending projects.
Stamp duty collection in Maharashtra has dropped by 37 percent after the Centre demonetised high-value notes, a senior official said today.
The Income Tax department Wednesday surveyed some real estate players in the national capital region to check reports of alleged profiteering and tax evasion by these entities while converting the recently demonetised currency notes.
Prices of luxury homes is likely to fall by 25-30 percent following demonetisation of Rs 500 and Rs 1,000 notes as transactions in this segment involved lots of cash payments, according to real estate consultant JLL.
Prices of residential properties will fall and real estate sector will face the negative impact of demonetisation of Rs 500 and Rs 1,000 notes over the next 1-2 years, Fitch Ratings said Thursday.
Claiming that the demonetisation of Rs 500 and Rs 1,000 notes will have no bearing on the real estate sector in India, an office-bearer of a national body of developers/promoters on Thursday said the sector will rather move up.
Demonetisation of Rs 500 and Rs 1,000 notes will expand the size of economy, increase revenue base and make the system cleaner while preserving its credibility, Finance Minister Arun Jaitley said today.
Realty stocks plunged up to 20 percent in early trade on Wednesday with scrips of Unitech and DLF taking a major hit following the government's measures to clamp down on the black money menace.
Unorganised builders and secondary (resale) property market would be adversely impacted following the government's decision to demonetise Rs 1,000 and Rs 500 notes with effect from midnight, according to real estate developers and consultants.