CIA’s requests to govt ahead of GST meet

The second Covid wave has wiped over 40 per cent of MSMEs involved in various sectors such as tourism, gym, salons and spas, hospitality, automobile, real estate, electronics, general engineering fabricators, transporters, media and press, architects, consultants and many more, said K E Raghunathan, convenor of Consortium of Indian Associations. Continue Reading

India sees 76% growth in digital payments

Online transactions saw a growth of 76 per cent in the first quarter of 2021 as compared to 2020, as tier 2 and 3 cities and towns continued to contribute over 50 per cent of all online transactions, a new report said on Monday. Continue Reading

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