Union Cabinet approves Model Tenancy Act, to overhaul rental housing in the country
2 Jun 2021, 03:03 PM IST
“The Model Tenancy Act aims at creating a vibrant, sustainable and inclusive rental housing market in the country. It will enable creation of adequate rental housing stock for all the income groups thereby addressing the issue of homelessness,” the union government said in a statement.
New residential sales’ share in Mumbai property registration only 29% in May: Report
1 Jun 2021, 02:01 PM IST
Total property registrations in Mumbai stood at 5,360 deals in May, down 47% from previous month and 15% lower than May 2019.
Sales of 3-BHK houses increase by 19% across top 7 cities: Report
1 Jun 2021, 12:06 PM IST
Many of the working population in India are now looking to get larger homes as Work from Home (WFH) is still a recommended suggestion by the central and state governments to follow for corporates.
Mumbai property registration pace starts declining on stamp duty relief withdrawal
31 May 2021, 04:25 PM IST
After witnessing massive jump in sales and property registrations for seven months since September following the state government’s decision to reduce stamp duty, the registrations numbers in May have dwindled just one-third and one-fourth of levels seen in March and December, respectively.
Realty hot spot series: This Ahmedabad locality is a lucrative buy for mid segment home buyers
31 May 2021, 06:30 AM IST
This week ET Wealth’s realty hot spot series takes a look at a developing area in Ahmedabad. The area offers key social and retail infrastructure in
Residential prices remain stable across top markets
28 May 2021, 03:04 PM IST
As developers continue to focus on recovering the volumes lost amidst the pandemic and gaining a foothold in their respective markets, prices are expected to be largely range-bound across most of the markets in the short-term. This rationalisation combined with reduced home loan rates has further improved affordability in the residential market.
Residential realty demand seen up 5-10% in FY22, pre-Covid19 levels likely after FY23: Report
27 May 2021, 01:48 PM IST
Affordability has improved by up to 30% in the six cities during the past five years because of low interest rates, moderate price correction and reduction in stamp duty (especially in Maharashtra in fiscal 2021), showed CRISIL Research’s Minimum Annual Household Threshold Income index.
65% of home buyers in MMR upgraded to bigger properties: Report
27 May 2021, 11:31 AM IST
“In the pre-Covid era in MMR, the need to live closer to workplaces in areas in and around the pricier CBD areas prompted many buyers in MMR to opt for compact configurations. However, post-Covid, in the new hybrid and WFH environment and with various infra upgrades, the peripheral areas have also become attractive,” said Anuj Puri, Chairman – Anarock property consultants.
Banks assure homebuyers of support for Jaypee Infra resolution, not keen on liquidation
26 May 2021, 04:53 PM IST
Around 20,000 home buyers have been waiting to get delivery of their homes following the Allahabad bench of the NCLT classified Jaypee Infratech as insolvent on the petition filed by IDBI Bank under Section 7 of IBC, 2016. Jaypee had defaulted on Rs 526-crore loan by the bank.
Bengaluru sees 8% CAGR in rental growth over last decade; NCR, MMR remain flat
25 May 2021, 01:46 PM IST
Bengaluru also leads the pack of IT-BPM office spaces with about 162 million sq.ft. at the end of 2020, followed by Delhi NCR and Mumbai at 116 and
Listed developers’ sales share increases amid pandemic: Anarock
25 May 2021, 10:53 AM IST
In contrast, of the total 2.03 lakh units sold in top seven cities in FY2017, the share of these top eight listed players was the lowest at about 6 per cent while that of non-listed leading players stood at 11 per cent and others (non-branded) had a whopping 83 per cent share.
Realty hot spot series: A well-connected area in NCR with good infrastructure
24 May 2021, 06:30 AM IST
This well-connected residential area enjoys the presence of reputed schools and hospitals, including Cambridge School and Kailash Hospital. Here are other highlights of Omega, Chi, Phi in Greater Noida that make it this week’s real estate hot spot.
Jaypee Infra homebuyers concerned over extension-led delay in resolution
23 May 2021, 09:07 PM IST
Homebuyers’ associations have approached the insolvency resolution professional with their demand to adhere to the timelines without offering any further extensions and avoid litigations to ensure the resolution is successfully completed this time.
Maharashtra RERA aims to expedite conciliation resolutions with new guidelines
21 May 2021, 01:30 PM IST
The regulator is looking to streamline the process of hearing and disposal of the complaints referred to MahaRERA Conciliation and Disputes Resolution Forum, for which the procedural guidelines should be prescribed by the MahaRERA for hearing of complaints referred by MahaRERA.
Coronavirus wave flattens Indian housing market views
21 May 2021, 09:51 AM IST
The latest forecast for no growth in house prices suggests a decline in real terms with Indian consumer price inflation running over 4% and expected
Why 2021 could be better year than 2020 for residential property market
19 May 2021, 05:05 PM IST
Saurabh Garg, co-founder and chief business officer of NoBroker.com anticipates 2021 would be a better year than 2020 with regard to sales. He talks about changing buyers trend, the emergence of online property visit by home buyers and discounts offered by builders.
Second Covid-19 wave to have minimal impact on delivery of residential units
18 May 2021, 12:34 PM IST
Notably, 72% of the total homes delivered by 2021-end are already sold out, with just 28% remaining unsold. NCR would see the maximum completions with a nearly 28% share, followed by MMR with 26% and Pune with approx. 18%.
Home sales up 21 per cent in Q1 2021 but new launches down by 40%: Report
17 May 2021, 08:27 PM IST
According to a report by real estate data analytic firm PropEquity, Bengaluru, Chennai, Hyderabad, MMR, NCR and Pune are the cities where home sales witnessed a growth in Q1 2021 versus Q1 2020 at 13%, 29%, 16%, 26% and 6% respectively. Only Kolkata witnessed a downfall of 20% in home sales during the same period.
Realty hot spot series: Affordable residential destination in the outskirts of Mumbai
17 May 2021, 06:30 AM IST
Kalyan situated in the outskirts of Mumbai has decent social infrastructure in proximity, including schools, hospitals, banks, cinema halls.
Realtors look forward to Akshaya Tritiya amid Covid-19, lockdown
13 May 2021, 03:18 PM IST
The second wave of COVID-19, which has hit India is causing a wide surge of infections. Several parts of India are already under strict restrictions
Realty hot spot series: A well-connected residential area in Ahmedabad
10 May 2021, 06:30 AM IST
The property price range per sq. ft. in this locality is Rs 3,400-8,000. There are 1-, 2- and 4-BHK property types available as well. Here are other key features of SG Highway that make it a real estate hot spot.
India’s top property markets see marginal decline in prime residential prices in Q1, report
6 May 2021, 02:41 PM IST
Of these, Bengaluru has moved down four spots in the latest index at 40th rank in the first quarter of 2021 Against 36th rank in Q4 2020 with an on-year decline of 2.7% in prime residential prices.
RERA disposes of 65,539 complaints, sees 63,583 projects’ registration in 4 years since implementation
5 May 2021, 05:10 PM IST
A total 30 states and UTs have already set up a Real Estate Regulatory Authority since implementation, and of this at least 5 are interim. Jammu and Kashmir, Ladakh, Meghalaya and Sikkim have also notified their RERA rules but are yet to establish Authorities.
Uttar Pradesh accounts for 40% of the disposed cases under RERA
5 May 2021, 11:38 AM IST
According to data by the Ministry of Housing and Urban Affairs, 65,539 cases have been disposed of by the respective state authorities as of 24 April 2021. Out of this, nearly 40% cases (26,510 complaints) were resolved in Uttar Pradesh alone, followed by Haryana with 13,269 cases and Maharashtra with 9,265 cases.
Only about 700 new properties registered in Mumbai in April 2021: Report
4 May 2021, 12:16 PM IST
Only 7 per cent of 10,000 residential property registrations in April 2021 were from new residential sales concluded in the same month, while 93 per
Silence over sops for middle-income housing surprises real estate sector
4 May 2021, 07:16 AM IST
In a bid to boost demand for real estate and construction activity, the government had extended the benefit of the Credit Linked Subsidy Scheme (CLSS) by a year to March end. There’s been no intimation on a further extension of the scheme, which may end up hurting PM Modi’s objective of Housing for All by 2022, apart from hitting the economy.
Mumbai property registrations see decade’s best April led by spillover effect
3 May 2021, 08:39 AM IST
Registrations dominated by deals transacted in lower stamp duty December-March period, new deals in April much lower
Realty hot spot series: A locality in Gurgaon with good social, retail infra
3 May 2021, 06:30 AM IST
This areas has good social and retail infra in the nearby sectors and is closely connected to major office hubs of Sohna Road, Golf Course Road, Cyber City and Udyog Vihar.
Second Covid wave slows down residential property sales, construction activity in Bengaluru
29 Apr 2021, 03:25 PM IST
The residential property sales had seen a significant jump in Bangalore over the last three quarters due to record-low interest rates, stamp duty reduction and renewed interest among homebuyers for relatively bigger homes—and then the second wave hit and everything went on pause.
UP-RERA seeks direction from state government to end flats registration deadlock
29 Apr 2021, 11:55 AM IST
In the absence of a payment plan by the local authorities, the developers in the district are not able to clear their dues and the registration of m
50% drop in Maharashtra registrations, revenue
29 Apr 2021, 11:38 AM IST
The duty cut led to a surge in apartment sales during between September 2020-March 2021. Developers urged the state to extend the benefit, but the government rolled back the duty to 5% from April.
COVID-19 to impact housing sales in major cities in April-June quarter: Anarock
28 Apr 2021, 07:35 PM IST
Quoting data by Inspector General of Registration (IGR), Maharashtra, Anarock said the stamp duty cut period between September 2020 to March 2021 saw as many as 80,718 properties registered in Mumbai, up 114 per cent from the corresponding period (September 2019 to March 2020).
Mumbai property registrations rose 114% during stamp duty cut period
28 Apr 2021, 01:25 PM IST
Led by the stamp duty reduction benefit, real estate registrations in Mumbai, the country’s largest property market, witnessed a 114% on-year growth between September 2019 and March 2021 at 80,718 deals, showed the data from Inspector General of Registration (IGR), Maharashtra.
Top 8 Indian cities record 9% on-year rise in Jan-Mar housing sales
27 Apr 2021, 12:29 PM IST
In terms of growth, sales in Chennai witnessed maximum on-year growth of 31%, followed by Pune at 24%, Bangalore 19%, Hyderabad 18%, and Mumbai Metropolitan Region (MMR) 7%. The National Capital Region (NCR) witnessed the maximum decline of 8%.
Price difference of ready and under-construction homes lowest ever at 3-5% in Q1 2021
26 Apr 2021, 11:47 AM IST
The shrunk price gap works well for end-users as well as investors, as end-users can see what they buy and save rent by moving in immediately, while
Realty hot spot series: A well planned residential hub in Kolkata
26 Apr 2021, 06:30 AM IST
This Kolkata locality is not only close to employment hubs but also boasts good social infrastructure. It is well connected to the rest of Kolkata by Biswa Bangla Sarani Road, VIP Road and Kolkata Metro Rail Network. Here are other highlights of Newtown-Rajarhat, Kolkata.
COVID-19 second wave may pause realty sales momentum for now but demand set to rise
25 Apr 2021, 09:58 PM IST
According to industry experts, the second Covid-19 wave is rather expected to further strengthen the demand for housing as all other factors remain the same barring the temporary restriction on movement.
Price difference between completed, under-construction flats narrows to 3-5 pc: Report
25 Apr 2021, 02:02 PM IST
Anarock Chairman Anuj Puri said, “Previously, buyers of under-construction homes had one major advantage. Their patience and willingness to court construction risk were rewarded by notably lower prices.” However, he pointed out that prospective homebuyers have become risk averse due to construction delays and stalled projects and now, demand has tilted heavily towards ready properties.
6,000 flats in Jaypee Wish Town to be handed over by next year
24 Apr 2021, 11:03 AM IST
The number of flats pending for completion has been reflected at 20,000 in the Supreme Court data, while earlier estimates by state-run NBCC had shown around 17,500 flats due for construction at Wish Town. The resolution professional has now updated the number of incomplete flats to 19,500.
Future sentiment index for real estate drops amid 2nd wave of COVID-19
22 Apr 2021, 06:31 PM IST
As per the 28th Edition of Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q1 2021 (January – March 2021) Survey, the ‘Future Sentiment score
34,075 housing units sold in February 2021 :Report
22 Apr 2021, 01:24 PM IST
According to the PropEquity data, 34,075 housing units were sold in February 2021, marginally less than 34,376 in February 2020.
New launches in residential market doubled in Delhi-NCR, sales increased by 23%, says report
21 Apr 2021, 12:43 PM IST
Gurugram contributed 25% of the new launches. These were mainly concentrated in Golf Course Extension Road and Dwarka Expressway.
Property sales continue to witness high interest: Survey
21 Apr 2021, 12:29 PM IST
NoBroker.com, a real estate portal, recently surveyed over 100 builders to map the latest property purchase trends and sentiments in India’s real estate space. According to the survey, 84% of the respondents affirmed that the second half of 2020 registered better sales figures than the same time period of the preceding year.
Jaypee homebuyers ask Suraksha Realty to revise construction timeline in the bid
19 Apr 2021, 02:50 PM IST
An association of allottees of the Garden Isles in the Wishtown project of Jaypee Infratech Limited, which is one of the biggest with 30+ towers and more than 3200 flats, has said that execution period should not exceed 24 months on the outer limit.
Realty hot spot series: An area in Mumbai with quality infra, access to major job hubs
19 Apr 2021, 06:30 AM IST
ET Wealth realty hot spot series takes a look at Andheri west-Jogeshwari west in Mumbai. The area has major social amenities such as St. Mary’s High
Housing sales across top 8 cities up 20%, 600 projects launched in Q1, report
14 Apr 2021, 12:13 PM IST
Hyderabad and Bangalore reported a relatively slow recovery due to the resurgence in COVID cases; however, Chennai and Kolkata surpassed the pre-COVID demand levels. Delhi NCR, Mumbai and Pune showed consistent growth despite the second wave of COVID-19 in the month of March 2021.
Realtors see construction continuity benefit outweigh Maharashtra restrictions’ impact on April sales
13 Apr 2021, 11:45 PM IST
However, the benefit of continuity in construction activity allowed by the state, developers believe, is expected to outweigh the impact on sales. The state government has allowed construction activity with the condition that developers will be managing workers on site with their food, accommodation, medication and no unnecessary movements.
UP-RERA authorises developer to complete stuck project with the help of homebuyers
12 Apr 2021, 10:06 PM IST
The company and buyers association had submitted a joint proposal promising to complete the project within 18 months. The construction of two towers with 171 units started in November 2014 but the completion date of the project had lapsed on May 22, 2018.
Realty hot spot series: Well-connected area of NCR comprising number of housing projects
12 Apr 2021, 06:30 AM IST
Sectors 74, 75, 76, 77, 78 and 118 of Noida have proximity to employment hubs, including NSEZ, Sectors 59, 60, 62, Noida Phase 2 and Greater Noida Expressway.
Five NCR markets witness uptrend in prices of residential properties
9 Apr 2021, 07:39 PM IST
These markets, which saw an uptrend in average prices in the first quarter of 2021 compared with the year-ago period, include Greater Noida West, No