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
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
Budget 2020: Bold fiscal measures, strong implementations will provide much-needed fillip to sagging real estate sector
Recent estimates indicate that some of the pain points of the real estate sector include delayed projects, shortage of funds, high unsold inventory and stalled projects.
Rate cuts may not fire up liquidity-starved housing market; impact to remain for 6 more months: Poll
While the government has taken steps to provide stimulus to the slowing economy, analysts say those measures are too little to prop up demand significantly in the housing market, at least for now.
One may be petrified by the prospect of interest outstripping the principal but then there is something called time value of money—you get to enjoy a house now which you cannot afford now.
Weaker rupee, reforms make real estate investment lucrative for NRIs; to boost property sales by 10-12%
With the real estate industry estimated at about Rs 3 trillion annually, about 7-8 percent of the inventory is being bought and held by NRIs each year
GST anniversary: Tax regime has failed to bring down property prices, say realtors; blame lack of clarity
The GST regime has also failed to bring down property prices, an impact that consumers were eagerly waiting for, say industry experts.
One year of GST: The tax regime is helping reduce shady realty transactions, but property prices aren’t down
The overall cost of property purchase will come down if stamp duty and registration fees are subsumed under the GST regime.
70 years of Independence: Mapping the policy milestones that shaped the Indian real estate over years
Foreign direct investment (FDI) in real estate was first allowed in the year 2005, which opened up newer ways of funding
Housing prices have risen to record high levels, but increase in disposable income of the homebuyers has made the purchase of a house most affordable in over a decade, according to mortgage giant HDFC Ltd.
Property prices in the Mumbai Metropolitan Region (MMR) dropped by the maximum among leading metros during the quarter ended March 31, 2015 as unsold inventory in the island city has risen to 46 months ( almost four years!).
Media reports suggest that the coming Diwali may mark the revival of real estate sales, but a close look at hard data shows that there is simply too much inventory waiting to be sold for there to be a real uptick.<br />
So, the next time you read a report saying real estate prices will go up, check for the source. If a real estate consultant is saying so, the information needs to be taken with a pinch of salt.
American real estate tycoon and celebrity Donald Trump may be bullish on India, but his views need to be taken with bags of salt.<br />
States are increasing their dependence on revenues from real estate. The current stagnation is bad news. The only way to revive sentiment is to adopt policies that deflate the bubble
The 'limited land' argument to justify high real estate prices is as old as land being bought and sold. Nevertheless, in most cases there is enough land going around. This is reflected in the American context in the fact that real estate prices have barely risen over the last 100 years, once they are adjusted for inflation.
Home sales in India slowed this year and unsold inventory with builders has increased as economic growth in the broader economy has decelerated quickly to half the 10 percent rate it was running at before 2008.<br /><br />
According to a report by HDFC Securities, sales in Mumbai island city and suburbs are limited to launches priced at 30-40% below prevailing rates.
Festival season has failed to cheer home buyers, builders, brokers and other stake holders in the real estate industry. Sales during the period were roughly around 40 percent of what the industry had expected as buyers are no longer jumping to make bookings. <br /><br />