Naredco

Lockdown: Realtors hail govt move to allow construction with limited labour force, say raw materials availability an issue

The real estate industry on Wednesday said the government''s decision to allow construction on those projects where labourers are already available on sites will solve the problem of migrant daily wage workers but said availability of raw materials may be an issue

Coronavirus Outbreak: HDFC chairman Deepak Parekh sees 20% drop in property prices

HDFC Chairman Deepak Parekh on Tuesday said he sees 20 percent drop in property prices of unsold residential inventory, and advised developers to offload their stocks to enhance liquidity position

Coronavirus Outbreak: HDFC chairman Deepak Parekh pushes for one-time restructuring of realty accounts

HDFC Chairman Deepak Parekh on Tuesday pushed for a one-time restructuring of stressed real estate accounts and relaxation in the classification of NPA norms to 180 days from 90 days to help the sector which has been severely affected due to COVID-19 related disruptions

India's property prices face steep falls as coronavirus pandemic freezes real estate market

India’s real estate market is likely to see a significant price correction for the first time in a decade as the coronavirus pandemic stalls businesses across the country, according to a half-dozen industry insiders

NAREDCO's HousingForAll.com portal can be Amazon for real estate: Housing secretary Durga Shanker Mishra

Housing and Urban Affairs Secretary Durga Shanker Mishra on Tuesday launched realtors' body NAREDCO's e-commerce platform for marketing of completed residential units and said the portal has potential to become "Amazon of Indian real estate"

Lok Sabha Speaker Om Birla calls for strengthening real estate sector to spur economic growth

Lok Sabha Speaker Om Birla on Monday asked real estate developers to deliver apartments to homebuyers on time without compromising on the quality, while stressing on the need to strengthen the sector for faster economic growth and employment generation

Union Budget 2019: Realtors body NAREDCO calls for boost to rental housing through incentives like 10-year tax holiday

Realtors body NAREDCO has demanded a boost to rental housing in the upcoming budget from the government through incentives like 10-year tax holiday to real estate developers on the profit earned from the business

Realtors want banks to pass on rate cut benefits to borrowers, say will trigger home buying into actual sales

The RBI's decision to cut the key interest rate will boost housing sales and lift market sentiment, property developers and consultants said

Budget 2019: Govt must boost liquidity in realty sector, create Rs 2,000 cr fund for stalled projects, says NAREDCO

Realtors' body NAREDCO on Tuesday demanded that the Centre should take some steps in the coming Budget to boost liquidity in the sector post-NBFC crisis and create a Rs 2,000 crore dedicated fund to complete stalled projects

Real estate shows recovery signs, housing sales rise 50% in 2018; year-end liquidity crunch limits strong growth

Property developers and consultants expect housing sales to remain subdued in the first half of 2019 due to the continuing NBFC liquidity crisis and upcoming general elections.