Coronavirus Outbreak: Pandemic to inflict Rs 1 lakh cr loss on realty sector in FY21; long-term outlook may emerge positive: KPMG
The short-term impact in coming 6 to 12 months may be a dampener for realty sector's recovery, forcing sector entities to contract operations, revisit planned developments, expansions, and investments across the sector.
Realtors urge Maharashtra govt to reduce stamp duty to 1% for 4 months; seek stimulus package to save jobs
The realtors body also sought a stimulus package from the state government to save jobs.
Coronavirus Outbreak: Realty sector welcomes lockdown extension, seeks relief package to cushion liquidity crisis
The real estate industry on Tuesday welcomed the decision to extend the lockdown period till 3 May, but said the government should allow limited construction activities with proper safety and also provide a relief package to ease the liquidity crisis faced by builders
Realty players fear pay cuts, job losses as lockdown hits revenue; say govt's relief package for sector to minimise damage
Realty sector is the second-largest employer after agriculture and provides for both blue and white collar jobs, said CREDAI (national) chairman Jaxay Shah said.
Coronavirus outbreak cripples all major sectors in country; sharp fall in revenues, unemployment to rise in coming days
The coronavirus outbreak happened to be a major setback for hopes of a revival in beleaguered auto sector of the country, which had grappled in the red zone due to sharp fall in demand for over two quarters.
SBI cuts MCLR for ninth time in a row, home loans to become cheaper; cuts interest rate on fixed deposits too
SBI further said in view of surplus liquidity in the system, it has realigned its interest rate on retail term deposits and bulk term deposits, effective 10 February.
Piramal Realty to focus on mid-market segment to attract millenials; plans to invest Rs 1,500 cr for 'value housing' project in Thane
For starters, the realty arm of Piramal plans to invest Rs 1,500 crore for developing a residential project in Thane, targeting homebuyers with specific budgets by offering smaller configurations
The volume of cash transactions in India’s real estate sector remains very high
Rs 25,000-cr fund for real estate sector: Realtors welcome govt's decision, say move will solve long-pending problem of homebuyers
Deloitte partner Rohinton Sidhwa said getting stalled real estate projects moving through government-sponsored funding will breathe life into the housing market.
Nirmala Sitharaman plans booster dose for realty sector but unless realtors shed their greed and cut prices, no stimulus will work
Real estate cartels have been artificially keeping the rates high for too long creating a stalemate in the sector.
DLF sells 376 completed flats worth Rs 700 cr in Gurugram housing project; says real sector facing demand slowdown
According to an investor's presentation, DLF's net sales bookings stood at Rs 705 crore in the June quarter
Economic growth has probably reached a trough; pace of GDP expansion will start rising by January, says Aditya Puri
On HDFC Bank's plans, Aditya Puri said it will very well-capitalised and will not be needing capital for at least three more years.
We need builders to build new India; HDFC keen to contribute to govt's Rs 20k cr realty fund, says Deepak Parekh
The government fund will help good developers finish their pending projects, which are non-NPA and non-NCLT, said HDFC's Deepak Parekh.
Govt's boost to real estate disappointing, says CREDAI; key demands such as tax rebate yet to be addressed
CREDAI's national chairman Jaxay Shah said the fund created for completing the stalled real estate projects will have limited impact.
Should investors give Motilal Oswal another chance? Stock picks from tech analysts; all this and more on Moneycontrol Pro
After three decades as a financial services player, Motilal Oswal entered the housing finance business in FY15
Economic slowdown: Narendra Modi reviews situation, asks Nirmala Sitharaman to come up with plans to spur jobs, beat slump
The prime minister asked the finance minister to streamline ideas to spur jobs and submit a report on the ongoing economic slowdown.
IL&FS default impact: NBFCs, HFCs lending to real estate almost halved in FY'19 to Rs 27,000 cr, says report
The outstanding credit by NBFCs/HFCs to real estate developers increased by more than 3.5 times to about Rs 2,33,000 crore till 2017-18 from Rs 64,000 crore in 2011-12, Nair said.
Home loan growth jumps in small towns up to 36% between 2012-13 and 2017-18 period, dips in 4 metros: Report
India's home loan market grew from Rs 4.6 lakh crore to Rs 9.7 lakh crore, exhibiting a CAGR of 16% during the period under review, the consultant said based on analysis of RBI home loan data.
Amrapali mortgaging homebuyers’ land: Solution lies in mandatory registration of undivided share of land across India
Banks were happy to lend because the title deed to the land were handed over to them. Banks ought to have asked the primary question to Amrapali —does the land belong to you?
Investors convinced of 'certainty of investment returns' in real estate as positive policies result in transparencies: Experts
Over 80 percent of the real estate industry has consolidated, shaken by the positive but disruptive policies such as RERA and GST, according to Goel.