Yatra Capital to invest ₹115 cr in Indian real estate in FY10, focusing on affordable residential projects in tier I and II cities.
Medium-sized developers in India renegotiate joint development agreements due to 30% drop in land prices in the past 6 months, seeking more viable terms.
DLF Vice-chairman Rajiv Singh on portfolio gaps, interest rates, and market challenges
Hindustan Construction Co. halts township projects in Pune, Nasik, and Thane due to market turmoil, focusing on government and PPP projects instead.
NCR Sees 20% Drop in New Housing Projects Launches as Mid-Income Units Gain Traction
HDFC Chairman Deepak Parekh on India's Real Estate: Long-term prospects look brighter driven by foreign investments, especially in commercial segments like healthcare, hospitality, and logistics.
Prospective home buyers should prioritize affordability over fear of missing out, as current real estate prices are excessively high, with a 30% correction needed for sustainability.
India's 5-year property boom may end with 15-20% price drop due to increased housing supply, rising borrowing costs, and market rout.
RBI's interest rate hike may further slump real estate demand, leading to 5-15% price correction and delayed projects.
Real Estate Market to Witness 15-20% Price Correction Post-Monsoon
Demand for one-bedroom flats in Delhi-NCR outstrips supply as builders favor larger, more expensive units, impacting affordability for many.
Land deals in prime metro city locations see decreasing prices, with Parsvnath's recent Connaught Place acquisition marking a 17% discount per acre compared to last year's rates.
India's luxury real estate market faces challenges due to dwindling demand from domestic buyers and cautious non-resident Indians (NRIs) anticipating a market correction.