‘Home sales double in Chennai in third quarter’

Demand and supply metrics for Chennai real estate showed improvement in the third quarter of the 2021 calendar year after a prolonged period of lull, shows Real Insight (Residential) – July-September (Q3) 2021, a quarterly report by REA India-owned online real estate company PropTiger.com. Continue Reading

Chennai homebuyers prefer 2BHK units

At a time when demand for larger homes has increased in India because of remote working becoming a common feature due to Covid-19, a latest study has said 2BHK units continued to be the most preferred configuration among homebuyers of Chennai in 2020. Continue Reading

Housing sales: Chennai & other south metros on recovery track

After two quarters of a lull, housing markets in the southern part of the country – Bengaluru, Chennai and Hyderabad, showed signs of revival, with new launches as well as sales numbers showing an improvement in the October-December period of 2020. Continue Reading

PropTiger reports on delayed housing projects

According to an analysis that includes 10 prime residential markets of the country, as many as 1,665 RERA-registered housing projects are delayed by over five years across India and are likely to see completing only after 2020. Continue Reading

Housing project fund: Realtors welcome government’s decision

Real estate developers welcomed the government’s move to create a Rs 25,000-crore fund to help complete over 1,600 stalled housing projects, saying it will solve the long-pending problem of homebuyers. “It’s a very welcome change from the initial announcement (of 14 September). Now the only criteria for eligibility are networth positive projects,” real estate developers association CREDAI chairman Jaxay Shah said. Continue Reading

4.5 lakh homes to be delivered by 2020: PropTiger report

Real estate developers are expected to deliver over 4.5 lakh affordable housing units in the coming 15 months, according to a research report by PropTiger.com. It comes at a time when Centre has incentivised purchases in this category by offering higher tax benefits. Continue Reading

Hiranandani group to invest Rs 500 crore

Realty firm Hiranandani group will invest about Rs 500 crore to develop a new housing project in Mumbai. The company will construct 500 one-bedroom apartments in the first phase of the project named ‘Regent Hill’ at Powai. Continue Reading