When the Modi government took over for the second time last year, the performance of the real estate segment was muted owing to the prevailing liquidity crunch, high inventory overhang, weak affordability and subdued demand conditions. However, interest rate cuts and focus on affordable housing, not to mention the creation of the Rs 25,000 crore stress asset fund for stalled Read More

“Covid-19 has also had a debilitating effect on the real estate sector, which has become a cause for project delays,” Puri said participating in the deferred 3rd RERA Day Celebrations through a webinar attended by secretary, MoHUA, state RERA Authorities, Appellate Tribunals, home buyers, developers and other stakeholders of the sector. “The government has taken several steps so that the real estate Read More

While Indian real estate attracted more than $5 billion in private equity inflows in 2019, firms from US, UAE and Singapore remain bullish on the sector even as Japanese and South Korean investors are evaluating options in 2020. As per data made available by Anarock Capital, US-based Blackstone remains bullish on Indian real estate and pumped in over $1.8 billion Read More

  The real estate sector is looking to the India Union Budget 2020 with great expectations in a bid to get some relief from liquidity woes. Homebuyers, meanwhile, are also hoping for announcements that would ease their hardship. In 2017, real estate contributed to 6 to 7 percent to India’s Gross Domestic Product (GDP). The sector is expected to contribute to around Read More

Anti-profiteering provisions enacted at the time of transition into Goods and Services Tax (‘GST’) regime have been a bone of contention between the businesses and the Governments across various jurisdictions, India being no exception. As per the relevant statutory provisions in India, the scope of anti-profiteering provisions mainly cover passing of benefit received on account of reduction of the tax Read More

Budget 2020-21: CREDAI has recommended some measures that association believes will further encourage private sector investment in affordable housing. Union Budget 2020 India: Indian real estate sector, contributing about 8 per cent of the country’s GDP, has its eyes fixed on the upcoming budget as it seeks measures (which will help boost GDP as well) for the sector’s revival. While Read More

The real estate industry, particularly the housing segment has expressed its disappointment after the Reserve Bank of India (RBI decided to maintain status quo and did not announce a repo rate cut. The Monetary Policy Committee (MPC) decided to take a pause after five consecutive rate cuts this year. MPC lowered the repo rate by 135 basis points between Feb-Oct, Read More

The real estate sector is expected to generate 1.28 crore of man-days in West Bengal in future, state Finance Minister Amit Mitra said on Thursday. Since the Trinamool Congress came to power in the state in 2011, the real estate sector has seen a CAGR of 15.7 per cent, he said. “The real estate sector is the second largest employer Read More

Such in line with the announcements made by Union finance minister Nirmala Sitharaman in September, the cabinet on November 7 approved a Rs 25,000 crore special window to provide funding to stalled housing projects in a bid to revive the sector. According to the government, as many as 1,600 projects with 458,000 dwelling units will be covered under this. While Read More

The investments were led by Blackstone, Hines, Ascendas, and Brookefield With investments led by Blackstone, Hines, Ascendas, and Brookefield, cash-starved Indian real estate sector has attracted close to $3.8 billion in private equity (PE) from January-September 2019. This is a 19 per cent rise year-on-year (YoY). “During the first nine months, a total inflows equalled over $3.2 billion in the Read More