News articles tagged Housing Sector

Covid-19 Damages The Real Estate Sector : ICRA

ICRA forecasts that the coronavirus outbreak may create negative economic dynamics, which could reduce real estate company revenues and construction capacities. This could increase credit pressures.

Housing Sector To Face Shortage Of Supply

The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.

RBI Slightly Cut Rates, Developers Seek More

The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.

Water Shortage Affects Realty Construction

Water shortages are impacting real estate construction, especially in urban areas. Increased costs for water are driving up property prices and potentially halting projects.

Elevator Industry Booms with Vertical Development

Vertical development in India, driven by land scarcity and housing demand, fuels a 40% annual growth in the elevator industry, particularly in the housing sector.

Rajkot Emerges as a Hot Real Estate Market

Rajkot's real estate market is rapidly growing in Gujarat, with consistent property value appreciation. Demand for 2 BHK units and luxury homes is on the rise.

Budget 2013 proposes 1% TDS on Rs.50 lakh Apts, by June

A proposed 1% TDS on homes exceeding Rs. 50 lakh, outlined in Budget 2013, is set to take effect in June, potentially impacting luxury housing sales.

Mid-segment housing now sets to pick up

Industry experts predict a surge in mid-segment housing demand, driven by affordability, particularly for 2 BHK apartments across various regions in India.

Foreign investors to focus on commercial realty

Foreign investors shift focus to India's commercial sector due to declining home prices, with firms like Blackstone, Xander, and Morgan Stanley leading the charge.

Housing shortage to hit India hard: Knight Frank

Knight Frank reports India faces severe housing shortages, exacerbated by funding issues in construction. Real Estate Investment Trusts (REITs) offer a viable solution.

Budget 2013-14 Proposes Rs.1L Deduction to First-Home Buyers

Budget 2013-14: Rs.1 lakh interest deduction for first-time home buyers, benefiting middle-income class

Budget 2013: What it offers to Indian Realty?

Budget 2013 offered limited benefits to the real estate sector, primarily aiding first-time homebuyers with tax deductions on home loans up to ₹25 lakh.

Housing Sector Likely to Have Infrastructure Status

Union government may confer infrastructure status to housing sector in upcoming budget, aiming to provide affordable homes and boost supply.

Realty Sector has no resurgence.

India's housing sector's GDP contribution is projected to rise from 5% to 6% due to increased investment, but the 2012-13 Budget lacks substantial support for the real estate industry's growth.

Realty Sector Urges FM To Revisit Budget

The urban development ministry calls for a review of the proposed service tax on housing projects, amidst concerns over its impact on the struggling real estate sector.

PE invite into housing sector in the works

The government is preparing guidelines for PE funds to participate in the housing sector under the Rajiv Gandhi Awaas Yojana, aiming to create a slum-free India with over 10 lakh houses.

Home buyers to return back

The Reserve Bank of India cuts key rates to revitalize the housing market, which may entice home buyers back as banks reconsider loan pricing.

Realty stocks in demand on special home loan plan

Realty stocks surged as reports emerged that state-run banks will introduce special home loan plans under a government stimulus package, offering interest rates as low as 8.5%.

Major Realty Firm Now Bids For National Highway Project

Three major realty firms bid on national highway projects to diversify amid a residential real estate slowdown.

Property Investors Look To India

Local property investors in the West Midlands are exploring opportunities in India's emerging real estate market as UK prices decline amid the credit crunch.

Impact Of Rising Interest Rates On Real Estate.

Rising real estate prices and interest rates are causing a decline in home loan demand in India, impacting the housing sector's growth.

Good Budget For Real Estate Sector.

The Indian real estate sector is optimistic about the recent budget but calls for further action to meet industry demands, with key benefits noted for housing and infrastructure.