RBI's rate cuts and government stimulus aim to revive the housing market, but developers say more is needed to address credit flow challenges.
ITAT ruling prevents taxation on builder payments for redevelopment in Mumbai, benefiting 35,000+ buildings and offering clarity on taxation in such cases.
The Housing Ministry proposes tax breaks, price caps, and interest rate freezes for first-time homebuyers. It also suggests debt-restructuring for realtors and encourages housing for low and middle income groups.
The real estate market in 2009 is expected to become more buyer-friendly due to property and home loan rate cuts, benefiting both borrowers and developers.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
Exploring real estate as a safe and high-yielding investment option, considering factors like property type, legalities, and taxation.
The Reserve Bank of India (RBI) directs National Building Organization (NBO) to launch a housing start-up index by March 2009 to monitor the impact of fiscal and monetary policies on the real estate sector.
Government stimulus and RBI measures aim to revive the struggling Indian real estate sector. Interest rate cuts and priority sector lending for housing are expected to boost demand and ease the liquidity crunch faced by developers.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
Sobha Developers offers discounts on Bangalore residential projects due to sluggish demand, adjusts launch timelines, and considers smaller, more affordable homes.
Credai Orissa to reduce housing project prices by 5-10% in 2 months due to falling raw material prices.
The recent terrorist attacks in Mumbai are expected to further depress property prices, especially in South Mumbai, affecting both sales and rentals.
Real estate developers in Mumbai plan to target NRI buyers in the UAE to boost sales. Rupee depreciation and declining prices are seen as potential advantages for buyers.
Indian real estate companies resist government pressure to lower prices, citing high taxes and low demand. Developers believe reducing interest rates is key to reviving the market.
Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.
Property prices in major Indian cities have surged, but new developments in areas like Rudrapur and Mohali show growth potential amidst a changing market landscape.
With soaring real estate prices on Earth, some are considering purchasing land on the moon, which, despite legal hurdles, offers a unique and affordable opportunity.
Experts believe that despite RBI's rate cuts, developers need to adjust prices to stimulate the sluggish residential market and address declining revenues.
Mumbai developers consider halting new residential projects due to market slowdown, impacting sales and leading to job cuts in the construction industry.
Indian real estate sector witnesses price drop due to economic slowdown, inflation, and liquidity crunch, making it a good time for home buyers.
Maharashtra's slum rehabilitation scheme faces challenges due to the real estate market slump, impacting developers' profitability and project timelines. SRA CEO remains optimistic, citing potential demand for cheaper flats.
Real estate developers are offering attractive discounts and deals due to a market slowdown and liquidity crunch, despite putting on a brave face.
Rental property investments are gaining traction in India as home sales slow, with Hyderabad showing mixed trends in both sales and rental demand.
Home buyers in Mumbai await a significant drop in realty prices, despite developers' offers and discounts at a major property exhibition.
Centrum Broking predicts a 30-35% decline in India's residential property prices, with Mumbai expected to fare better, possibly experiencing a reduction of 20-30% by April 2009.
