NGT's monsoon sand mining ban triggers acute shortages in Ranchi, halting government and private construction projects. Surging prices cause cost overruns, frustrating investors and homeowners. Road developments, housing schemes, and public utilities stall amid environmental protection measures.
Apartment deliveries in Delhi-NCR face potential two-year delays due to pandemic-related disruptions, impacting over 3 lakh units, primarily in Greater Noida.
The government has introduced draft rules ensuring developers compensate buyers for delayed project completions, aiming to enhance accountability in real estate transactions.
A survey indicates reduced mall vacancy in Bangalore despite anticipated new mall space, driven by increased rental activity and deferred mall projects due to construction delays and liquidity issues.
Gurgaon's residential market sees a rise in property values amid slow project execution and supply shortages, yet investment sentiment remains strong due to improved job prospects.
Major Indian real estate firms like DLF, Unitech, Omaxe, and Parsvnath are under pressure from buyers and investors who seek refunds due to delayed or stalled projects.
Real estate developers and consultants express disappointment over RBI's credit policy, urging for increased liquidity to boost the struggling property sector.
Real estate companies in India are facing challenges with rising costs and sluggish demand, raising concerns over financing transparency compared to their Chinese counterparts.