Realty Sector

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

Real estate sector revival: Property market set for modest lift from govt's stimulus measures: Poll

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.