Why demonetisation? How govt narrative changed from black money to real estate prices to digitisation
Digitisation was never mentioned as an objective of demonetisation in the first few days
It will take about 3 years to clear the current unsold inventory in India’s top 8 markets, including Gurgaon and Mumbai. So, new launches or not, there’s enough supply in the market to keep prices moderate
Most of the states that have notified the rules have diluted the provisions to favour the builders
Venkaiah Naidu said the ministry has also recommended that the real estate sector should be taxed at a rate "which is revenue neutral and not at a higher tax rate"
If the current steep rate cuts in home loan rates -- which is mainly nudged by PM Modi’s ‘appeal’ -- do not translate to increase in credit growth and higher yields, banks will find a way to make money by cutting their deposit rates more.
For Mumbaikar, her dream home will in all probability remain just that despite the government's black money bill and other initiatives
If the real estate sector has to pick up, the government has to go after real estate prices
The KPMG report published on Tuesday found that, in urban areas alone, Maharashtra would need 5 million new homes by 2022
Despite the total number of voters in Mumbai increasing by 2 percent at 98.14 lakhs, compared to 95.94 lakh in 2009, the city has seen a dramatic shift in demographics, which may in some way be related to real estate prices.
Looks like the Reserve Bank of India and the finance ministry are again at loggerheads. However, this time it is not over interest rates, but over taming soaring realty prices.