Budget 2013-14: Rs.1 lakh interest deduction for first-time home buyers, benefiting middle-income class
RBI's rate cuts have reduced home loan interest rates, reviving the residential market and boosting buyer sentiment across India.
NAREDCO urges the government to grant infrastructure status to the entire housing sector to gain tax benefits and stimulate housing demand.
Removing the cap on loans has boosted NRIs' desire to invest in Indian real estate. Approx. 90% of NRIs in UAE prefer real estate investment in India.
Patel Realty India Limited plans a ₹75 crore investment for two townships in Hyderabad, including the smart condominium project Smondo featuring 400 apartments.
Mumbai's real estate exhibition has reignited hope among builders for a festive revival despite sluggish sales and stable prices in the market.
According to CBRE, the Indian residential market saw significant price increases in 2009-2011, followed by stagnation in the latter half of 2011 due to multiple factors.
Realty firms appreciate RBI's decision to cut short-term lending rate, expecting reduced costs for both homebuyers and developers. It anticipates a boost in property demand.
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.
RBI's rate hike impacts homebuyers, say builders and bankers. Increased interest rates expected to further lower home sales as buyers reconsider purchases.
Amrapali Group launches the Amrapali Leisure Valley, an integrated township in Noida Extension, aimed at fulfilling the housing demand in the NCR region.
Residential markets in major Indian cities like Mumbai and NCR saw significant value appreciation in late 2009, driven by an economic slowdown that favored affordable housing.
Omaxe Ltd plans to raise property prices and launch four new projects, investing fifteen billion rupees with projected revenues of 23 billion rupees over 30 months.
TDI plans to invest ₹1,000 crore in affordable housing in NCR over the next three years, driven by renewed demand and successful recent sales.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.
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.
NCR Sees 20% Drop in New Housing Projects Launches as Mid-Income Units Gain Traction
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
Bangalore real estate developers seek professional training for agents to boost buyer confidence and adapt to market changes.
Indian real estate faces uncertainty amidst global slowdown and high property prices, impacting developers and investors, though robust demand persists.
Sales to NRIs in India show resilience despite domestic slowdown and have tripled over half a year.
India's property market shifts focus to affordable housing as demand for luxury apartments cools. Developers now target young professionals with smaller, more budget-friendly homes.
Rising steel and cement prices impact India's real estate sector, hitting middle and lower-class housing demand.
One-BHK apartments in Ranchi have failed to attract buyers, prompting developers to shift focus towards larger two-BHK and three-BHK units due to lower property rates compared to other major cities.