Rs 1.56 lakh cr worth flats launched in 2011 and before still incomplete

Nearly 2.2 lakh housing units, worth Rs 1.56 lakh crore, launched in 2011 and before across seven major cities are yet to be completed by real estate developers, according to property consultant JLL India. Continue Reading

RE stock to rise 200mn sq ft as investor confidence improves: CBRE

India’s real estate (RE) stock will reach 3.7 trillion sq ft in the current year with 200 million sq ft of new real estate space added across different categories, a report said. Continue Reading

MMR, Delhi-NCR contribute 55% share of budget housing supply: Study

According a survey jointly conducted by Anarock Property Consultants and CII, out of the total new supply of 19.9 lakh units between 2013 to 2018, nearly 38 per cent or 7.65 lakh homes catered to the affordable housing segment. Continue Reading

RE sector outlook downward, tier-I firms on stable plain for FY20: Study

The study was released by India Ratings and Research (Ind-Ra) and the firm expects tier-I residential players to generate strong sales due to the ongoing consolidation in the market with fringe players losing ground. Continue Reading

Rollover of capital gains is big boost for Real Estate: Karle Group CFO

The real estate sector reeling under the effects of government measures like GST and RERA has impacted the business of small players heavily. However, big real estate businesses have found the government’s moves quite to their advantage. Speaking to News Today, Karle Group CFO Gururaj Bhat talked how such implementations have turned out to be fruitful for them and property buyers.  Continue Reading

Institutional investment in realty to touch $5.5 bn: Study

Institutional investment in real estate could rise marginally to $5.5 billion (around Rs 38,527 crore) before year-end, as domestic and foreign investors see tremendous growth opportunities in the Indian property market, a report has stated. Continue Reading