CREDAI reports growth in residential & commercial real estate sectors, driven by affordable housing & reduced home loan rates, with a 60% increase in March.
Residential real estate sees a rebound, with increased inquiries and transactions in the low to mid-end segment, driven by price corrections and low interest rates.
The Pune Municipal Corporation has announced a 50% reduction in premium charges for small housing units under 50 square meters.
Credai Orissa to reduce housing project prices by 5-10% in 2 months due to falling raw material prices.
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.
India's real estate market, with its high rental yields, attracts investments despite limitations. Real Estate Investment Trusts (REITs) could address these issues, providing access to capital and an exit route for developers.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Indian property developers are offering massive discounts as the global finance crisis impacts the market. The incentives include free parking, fee exemptions, and paid stamps and registration costs.
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
HDFC and its asset management unit have over $1 billion in property funds to buy distressed real estate projects during the current downturn.
DLF threatens to withdraw from the ₹33,000 crore Dankuni township project in West Bengal due to land acquisition delays and lack of progress, posing another challenge for the state government alongside the Singur issue.
The real estate sector's slowdown leads to delayed home deliveries as funding dries up, demand falters, and costs soar. Several factors, including high-interest rates, restricted access to finance for smaller players, and rising construction costs, contribute to the delays.
Indian real estate developers halt land acquisitions amid market downturn, rising interest rates, and funding challenges. Tepid sales and cash crunches force project delays and potential distress sales.
Falcon Realty Services ventures into eco-friendly real estate development in India, focusing on 2-tier cities and integrated townships near industrial hubs.
Altamount Road in Mumbai ranked tenth most expensive street globally, boasting greenery and prominent residents, but faces challenges from construction and parking issues.
Kolkata realtors to hike residential unit prices by Rs 100-500/sq ft due to 25% increase in construction costs, amid 12.98% inflation rate.
Rising interest rates and new DDA flats are causing panic among real estate investors in Delhi NCR. Investors are selling back to developers or pushing for quick sales, while experts advise end-users to wait for potential price corrections post-festive season.
Parsvnath Developers eyes stake dilution to control debt amidst rising interest rates, reports 16% drop in Q1 net profit.
Repo rate hike to strain real estate balance sheets, increase borrowing costs by 1%
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.
Chandigarh's real estate market is experiencing a challenging phase with mixed sentiment among investors and local buyers. Key developments include declining prices and major investment projects.
A slowdown in real estate is observed, with residential transactions down 20-25%, while Mumbai experiences high demand despite challenges from rising interest rates and inflation.
PBEL Property Development launches eco-friendly 'PBEL CITY' in Hyderabad with competitive pricing and world-class amenities.
Rising inflation and interest rates are slowing down property demand in India. A further interest rate hike could severely impact the real estate sector, except in Mumbai and Delhi where demand remains strong.
India attracted $20.8B FDI in energy, services, construction, and real estate over four years. Real estate FDI jumped from zero to $2.17B, while services saw the largest increase, from $444M to $6.61B.