Speed up the execution of relief measures: Realtors


The real estate sector, hit by a liquidity crisis, sluggish sales and debt trap, is seeking an emergency lifeline from the government that has announced several measures, but the actual implementation of these steps is yet to gather pace.

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Realty Sector disappointed over RBI's decision on repo rate unchanged


The real estate developers expressed disappointment over the Reserve Bank of India’s decision to maintain the status quo on policy rates in its fifth bi-monthly monetary policy review of the financial year.

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How to check the financial health of a real estate project


With the Indian real estate sector reeling under the pressure of delayed and stalled housing projects, it has become imminent for homebuyers to check their financial health to avoid any uncertainty regarding its completion.

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Three years after the DeMo, Cash is still king in the resale property market: Report


Indians' favourite investment avenues are gold and real estate. Yes, financial assets are slowly but surely finding favour with the average Indian, but these physical assets still are the go-to avenues. Another thing that Indians are still not letting go of is the use of cash while transacting, especially when it comes to real estate.

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New Delhi amongst the fastest growing global prime residential market


New Delhi has emerged as the 9th fastest growing prime residential market in the world, with average luxury home prices in areas such as Greater Kailash, Vasant Vihar, Anand Niketan, Defence Colony, and Green Park rising 4.4% on-year in the quarter ended September, showed Knight Frank Prime Global Cities Index.

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Bengaluru needs the least time to clear unsold housing stock, Delhi-NCR the highest


Real estate developers having projects in Bengaluru will take the lowest time of 15 months to clear their unsold housing units, while builders in the Delhi-National Capital Region (Delhi-NCR) may take 44 months to sell surplus inventories, according to property consultant Anarock.

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Consumer complaints should go to RERA before NCLT, say builders


Property developers in the country are pushing for the Real Estate Regulatory Authority to be the first point for redressal of complaints by homebuyers.

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All you need to know about special funding for stalled real estate projects


The government on Wednesday announced an Rs. 25,000-crore special window for stalled real estate projects, in a move aimed at reviving the ailing sector and generating employment.

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OTP verification for property registration in Karnataka


Karnataka has added two more layers of security in property registrations to lift the integrity of property transactions. This initiative is probably the first by a state government, officials said.

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Centre to launch e-comm portal for realty trade soon


The central government will come up with an e-commerce platform for the real estate sector, union housing and urban affairs minister Hardeep Singh Puri said.

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Realtors see 15-25% rise in sales during Diwali


The festive season has brought some cheer back to real estate developers, who said they have seen a 15-25% increase in sales during Diwali. According to the Confederation of Real Estate Developers' Association of India (Credai), a lot of projects were nearing completion and these attracted buyers.

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Residential property sales on the rise


The residential property market is not out of the woods yet but has seen a continuous uptick in sales volume since 2017 despite the economic slowdown and subdued consumer sentiment, and the industry hopes to match the 2013 peak levels in a year or two.

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Beneficiaries will occupy houses under PMAY (U) by 2021: Hardeep Singh Puri


All the 1.12 crore houses being constructed under the Pradhan Mantri Awas Yojana (Urban) will be occupied by beneficiaries by early 2021, Union Housing and Urban Affairs Minister Hardeep Singh Puri has said.

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Around 12% of unsold homes are ready for possession in the top 7 cities: Report


The rising preference for ready apartments to avoid uncertainty over delivery has resulted in a lower proportion of such units in the overall inventory levels. Out of a total of 6.56 lakh unsold apartments across the top 7 cities, around 12% or 81,300 are ready-to-move-in homes, showed data from ANAROCK Property Consultants.

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Know how to check the construction quality of your house


Living in an unsafe building is not what you would ever want to do. So, it is sensible to be on the safe side and do a quality check on the house you are planning to buy or have already bought.

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South cities housing absorption slumps, Pune and MMR race ahead


BENGALURU: Unlike earlier, the resilient markets of south India are beginning to feel the heat of the overall residential slowdown in 2019, according to a report.

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TREDA to showcase Hyderabad as an attractive realty destination


The Telangana real estate Developers association (TREDA) plans to showcase Hyderabad as an attractive real estate investment destination in the country.

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Average flat sizes shrink 27 percent in 5 yrs: Anarock


As builders seek to reduce apartment sizes to boost affordability, the average area of residential flats has shrunk 27 percent over the past five years in seven major cities, but dimensions in the NCR region have fallen merely six percent, according to Anarock.

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Builders see hope in ready-to-move-in apartments


The preference for ready-to-move-in apartments in the backdrop of fears over deliveries is forcing realty developers to tweak their offerings to attract home buyers to such projects.

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Realtors cut flat sizes in a weak market


Market realities of an ongoing liquidity crisis, changing buyer preferences and growing concerns about affordability have forced real estate developers' to reconsider their product strategies and prompted them to significantly reduce apartment sizes across seven important property markets.

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Realty sector welcomes stimulus for stalled projects but says more needed to boost demand


The real estate industry has cheered the measures announced by Finance Minister Nirmala Sitharaman to provide relief to the housing sector, which will also help homebuyers who have not been able to take delivery because of stalled projects.

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Mumbai tops co-living index in India, says a report


Mumbai, the country's most expensive property market, has ranked among top 5 potential market for co-living in Asia-Pacific region due to higher prices, rapid and continuous gentrification as well as its unchallenged position as India’s top economic centre, offering opportunities for growth of the co-living sector.

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Soon, flat owners to get property cards: Maharashtra government


All flat owners in the state will soon get supplementary property cards, which will have details such as carpet area, amenity space and bank loan information, along with their 7/12 extracts.

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Affordable & mid-segment housing drive new launches in Bengaluru: JLL data


Developers in Bengaluru have continued to launch affordable projects in the peripheral areas of the city to meet the growing demand, a study by JLL said.

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Hopes of lower home EMIs bring good times for realty


A slew of proposed measures by finance minister Nirmala Sitharaman hinting at lower EMIs for houses has lifted enquiries from home buyers for apartments and independent houses.

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Andhra Pradesh real estate plunges with softening demand, a paucity of raw material


The real-estate market in Andhra Pradesh appears to be treading rough water in the past few months, with buyers hard to find, even as developers hustle to get a key raw material, sand, in some districts, industry sources said recently.

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Hyderabad receives over Rs 10,000 crore investments in the real estate sector in 4 years: JLL study


Hyderabad has attracted approximately Rs 10,100 crore worth of investments in real estate sector since the beginning of 2015 till the first half of 2019 as against Rs 1,800 crore from 2008 to 2014, a latest JLL study said.

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All you need to know about buying property in Jammu & Kashmir


Many who wanted to buy a house in Jammu & Kashmir but were unable to because of the erstwhile state's special status, are now assuming they can finally take the plunge as the realty market there is now open for non-residents.

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Outlook for realty plunges to a 21-month low in June quarter


The future sentiment of Indian real estate has declined to a 21 month low in the quarter ended June indicating a significant decline in optimism relating to its future performance, a recent survey said.

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Home sales stay flat in Q1, but project launches on the rise


Residential sales across tier I cities witnessed a marginal dip in sales in the first quarter of FY20. However new launches was were up across the top cities during the same period.

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Resolution of realty sector issues soon: Hardeep Puri


The government has assured homebuyers that it is committed to finding ways to resolve their issues and revive stalled projects. Finance minister Nirmala Sitharaman met developers recently, members of real estate regulation authority (RERA) and homebuyers to understand the issues plaguing the sector.

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Homebuyer can't be forced to take possession in the delayed project: SC


A builder cannot “impose” upon a buyer to take possession of a ready house if it is delayed, and the customer is justified in seeking a refund, the Supreme Court has ordered.

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New luxury housing launches in January-June triples in 2 years since demonetization


The government’s focus on affordable housing coupled with the demonetization of high-value currency denominations in November 2016 had taken the sheen off luxury housing for the last two years in a row.

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Know a model tenancy law for tenants and landlords


Whether you are planning to let out your property or find a house on rent, there’s good news in store for you. The recently drafted Model Tenancy Bill, 2019 has proposed a few measures that can address some of the reasons for disputes between tenants and landlords.

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Real estate developers cannot pay EMIs on behalf of home buyers: NHB


Real estate developers will no longer be able to incentivise buyers by paying the latter’s home loan EMIs (equated monthly installments). The National Housing Bank (NHB) has asked mortgage companies to desist from offering loan products that involve servicing of the dues by builders, developers, etc, on behalf of the borrowers.

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Homebuyers in limbo; await possession of residential units worth Rs 1 lakh crore


As many as 1.15 lakh home buyers are in limbo across seven major cities as developers have failed to give possession of units estimated to be worth of Rs 1 lakh crore, property consultant Anarock said. The consultant said that as many as 220 projects equalling 1.74 lakh homes are completely stalled in the top seven cities.

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Property prices have fallen slightly in most major Indian cities in the past year: Report


Slack demand, huge inventories, and stringent regulations have kept home prices low across major Indian cities, says the latest report for the first half of 2019 by real estate research firm Knight Frank.

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Over 20,000 complaints of homebuyers resolved under RERA


Over 20,000 complaints of homebuyers have been resolved till last month under the new central real estate law, the government said recently.

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Hyderabad sees 47% rise in new residential units in H1


Corporates seem to be in a rush to home in on Hyderabad to set up a base as the city clocked a 129% spike in office space completion in the last six months. Residential realty, too, has come up with a 47% increase in units launched and a massive 67% decrease in unsold inventory in this period.

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Top seven cities January-June residential sales up 22% on year: Report


Sale of residential apartments increased by 22 percent on a year-on-year (YoY) basis during the first half of 2019, to 78,247 units across seven major cities in the country, said a JLL report.

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Mumbai among the top 20 most expensive cities in Asia for expatriates: Mercer


Mumbai is India's most expensive city and among the top 20 costliest cities surveyed in Asia for expatriates, as residential housing prices remain among the highest in the world, a survey by global consulting leader Mercer says.

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Union Budget 2019: Affordable housing gets a further boost, liquidity concerns may ease


Finance Minister Nirmala Sitharaman has given a boost to affordable housing with additional tax benefits for first-time homebuyers in the Union Budget for 2019-20. This, along with the proposed rental housing policy, is expected to enhance the housing supply.

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Centre plans to set up a common online platform for RERA of all states, UTs


The Centre has planned to set up a common online platform for the Real Estate Regulatory Authority (RERA) of all states and UTs, a move which will provide an opportunity to home-buyers, builders and authorities to exchange views.

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Can Housing for All by 2022 Become a Reality under Modi 2.0?


Among the many flagship initiatives taken up during Modi 1.0, ‘Housing for All by 2022’ seemed highly ambitious – indeed, over-ambitious – though doubtlessly noble in intent. It certainly struck the right chord, and many of its beneficiaries in India’s

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Golden Gandipet spurs real estate growth around Hyderabad


Gachibowli and Madhapur are passe. Gandipet, Shankarpally, Maheswaram, Shamshabad, Qutubullapur, Ibrahimpatnam and Shadnagar are the new favourites with realty firms and investors.

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