Residential property sales in India are expected to witness at least 20-30 percent dip in 2017 due to demonetisation impact, Fitch Ratings said today.
Office space absorption in Delhi-NCR declined by over 8 percent last year due to sharp fall in supply but the situation is expected to improve in 2017 with completion of several commercial projects, according to property consultant CBRE.
In order to foray into the Noida property market, realty major Tata Housing on Thursday announced partnership with locak developer Lotus Greens for a 20-acre housing project.
JLL's fourth annual City Momentum Index on Wednesday announched the list of 30 world's most dynamic cities with India's technology hub Bengaluru topping the chart.
With six cities in the list, India has also overtaken China as home to some of the world's most dynamic cities, JLL said.
As per a JLL report, India has taken over from China as home to some of the world's most dynamic cities.
Most of the flats are one-bedroom LIG flats from the last housing scheme and no new flat is on offer this time.
The Securities and Exchange Board of India (SEBI) board, which has been looking at ways to attract more investors, has allowed mutual funds to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs) that have been classified as hybrid instruments.
Here are some changes that the Home Buyers expect in this year’s Budget.
During the third quarter of the running fiscal, LIC Housing Finance reported an increase of 19.2 percent in its net profit at Rs 499.26 crore.
Private equity inflows into the country's real estate sector surged 62 percent to Rs 38,000 crore, during 2016, largely helped by Parliament's clearance of two significant legislations -- Real Estate (Regulation and Development) Bill and GST.
Godrej Group Chairman Adi Godrej has said the government should not "interfere" in the real estate sector, often cited as one of the biggest black money generators, even as he termed demonetisation a "positive step".
Property market, long considered a black money safe haven, seems to have taken a big hit from demonetisation, with developers seeing their sales drop by about 50 percent in the last three months and now pinning their hopes on buyers coming to market with 'white money'.
Indian mutual funds will be allowed to invest in real estate investment trusts (REITs) and infrastructure investment trusts (InvITs), the market regulator said on Saturday, a move aimed at boosting investor interest in such alternative investments.
In order to facilitate greater participation from long-term investors and lenders, rating agency Crisil on Thursday announced launch of a new credit rating system for infrastructure projects.
In order to effect a revival of real estate sector, realtors' apex body NAREDCO on Thursday demanded infrastructure status to housing and tax incentives for home buyers and developers in the upcoming Union Budget.
The government on Wednesday informed that it would adding 40 more towns to list of Smart Cities in the country thereby taking the total number to 100.
Keeping up pace with the digital world in the real estate industry, there are some companies in the market who intend to bring a revolution in the real estate background by giving a wealth of information to home buyers at their fingertips.
Real estate already reeling under slowdown received a jolt in 2016, and sales dip to lowest in 2016 due to cash crunch unleashed by demonetisation.
Online real estate services providers PropTiger.com and Housing.com will merge to create what the companies said would be the biggest player in the segment, accelerating a consolidation in the sector.