The Indian residential real estate industry is in distress. Bankruptcy, diversion of funds, delayed deliveries, and projects not taking off at all have hurt homebuyers like never before. Industry body the National Real Estate Development Council (NAREDCO), in its pre-Budget memorandum says that “as an industry, we do realise that there can be good developers and bad developers. The idea Read More

Union Budget 2019: The real estate sector has faced a slack in the recent past The government is due to present Interim Budget 2019 in Parliament on February 1. For the real estate sector, a slowdown in demand across segments has highlighted many challenges ahead. The real estate sector – which relies highly on borrowings – has faced a slack in the Read More

Housing sales rose 6% in calendar year 2018 in eight major cities as developers reduced prices and offered indirect  discounts to lure customers, property consultant Knight Frank India has said in its latest report. Sale of residential units increased in six cities — Delhi-NCR, Mumbai, Bengaluru, Chennai, Hyderabad and Ahmedabad — but declined in two cities — Kolkata and Pune. Read More

Amazon opened its first, checkout-free, Amazon Go store in Seattle on December 5, 2016, on its own premises and exclusively for company employees. It was opened to the public on January 22 of this year after extensive testing. Currently, there are three Amazon Go stores in Seattle, another three in Chicago, one in San Francisco, with another announced for New Read More

Though the real estate sector is under stress for the last few years, this could be the beginning of a new growth story, said Niranjan Hiranandani, president (national), National Real Estate Development Council (NAREDCO) and chief managing director of Hiranandani Communities. The survival trick for developers and investors is to adapt to the changing environment and government policies. The real Read More

For developers, drone images and videos can be a very powerful tool for marketing | Image via Tech in Asia India’s new drone regulations are set to change the landscape of the real estate sector from December, as the 3-D mapping of properties will not just become powerful tool for marketing but will further boost transparency and accountability, industry experts say. The commercial use Read More

Government incentives to boost the residential real estate sector, especially budget housing, may push housing credit growth to 17-19 per cent in the current fiscal year, according to a report. Government incentives to boost the residential real estate sector, especially budget housing, may push housing credit growth to 17-19 per cent in the current fiscal year, according to a report. Read More

A lot has been discussed about the impact of technology on real estate, but the most profound change brought about by technology is the slow, but definite change in mindset towards being a service industry. The most obvious driver has been the success of sharing economy models – be it the marketplace model offered by the likes of AirBnb or Read More

Nair, CEO and Country Head, JLL India (Attn.editors: The following press release comes to you under an arrangement with PRNewswire. PTI takes no editorial responsibility for the same). RBI Hands out a Stalemate to the Real Estate Sector – Ramesh Nair, CEO and Country Head, JLL India MUMBAI, February 7, 2018/PRNewswire/ — Keeping the policy rates unchanged while maintaining REPO Read More

Anshuman Magazine CBRE Over the past two years, India’s real estate sector has witnessed a slew of policies and reforms being announced and implemented. The primary aim of these was to promote growth and increase transparency to improve the overall economic growth of the country. In the 2017 Union Budget, the sector cheered the announcement of according infrastructure status to affordable Read More