Property news in gurgaon delhi ncr Flats in india

Real estate developers pin hopes on holidaying NRIs for a Christmas miracle The country’s battered telecom companies are looking for ways to put on a new coat of paint. And, they are pinning their hopes on holidaying non-resident Indians (NRIs) to see a rise in offtake. According to experts, the industry expects as much as 15 per cent rise in sales over the past year during this period. “The second half of December is holiday time in most western countries, including the US, most of Europe, UK, Australia, and New Zealand, among others. Several companies in these countries give their employees a vacation during this period. So, it is a perfect time for most NRIs to travel back to India and include property buying in their India schedule, if they’re considering such a purchase. Trend shows such NRIs do a lot of online research, then schedule site visits of shortlisted properties and meet developers or property consultants,” said S...

RBI’s status quo brings cheer for real estate developers New Delhi:  Real estate developers heaved a sigh of relief after the RBI kept key policy rates unchanged and said any hike in the interest rate would have affected housing demand during the upcoming festival season. “RBI’s decision to keep the repo rate unchanged is a relief to the developers, home buyers and real estate stakeholders at large. “However, the economy is too precariously poised for real estate to pull itself by its bootstraps. We hope in particular for decisive steps to end the credit freeze,” CREDAI’s National President Jaxay Shah said. NAREDCO President Niranjan Hiranandani said RBI has kept rates unchanged but some banks have already hiked interest rates. He wondered whether banks will now reverse their recent hikes. Anshuman Magazine, Chairman, India and South East Asia, CBRE, said: “Any hike in repo rate would have impacted consumption sentiment and also the real estate sector. Also, the change...

Changing trends in real estate post policy reforms The real estate sector has become more structured and accountable, post the implementation of various policy reforms, like RERA and GST. real estate, real estate in india, real estate investment, policy reforms, rera, gst, affordable housing. Regulatory reforms have also led to changes in developer strategies and customer buying patterns. The real estate sector has become more structured and accountable, post the implementation of various policy reforms, like RERA and GST, by the Modi government. Now developers just can’t keep doing whatever they want. Instead, in this new regime, they need to streamline systems, processes and practices to make the whole process transparent to the end customer. The government’s focus on affordable housing has also given a boost to the realty sector as this segment has become the fastest-growing segment in the realty market. Regulatory reforms have also led to changes in developer ...

Property website, Magicbricks, has come out with an industry-first brand building digital solution called Brand Store that is aimed at mid and small-size developers to drive brand affinity and create a strong connect with consumers.  Bangalore-based 5 Elements Reality has become the first developer to use this innovative brand building solution to enhance its consumer reach. In a post Real Estate Regulatory Authority (RERA) world, older USPs like timely delivery, quality of construction and etc. have now become statutory norms for all developers leaving them with just one differentiator, the brand. This has opened up a world of opportunities for aspiring brands like 5 Elements Reality to be at par with the already established brands. And with digital becoming the way of life, Magicbricks’ Brand Store is an innovative digital solution that helps developers influence the consumers’ home buying decision through engaging video content. Brand Store also brings in a paradigm sh...

India's sluggish housing market may deteriorate further if the central bank hikes rates Construction site in Noida, short for the New Okhla Industrial Development Authority.  Frédéric Soltan | Corbis News | Getty Images Construction site in Noida, short for the New Okhla Industrial Development Authority.  India's housing market has struggled for growth in recent years and if the central bank raises interest rates this week, there could be a further slowdown in the sector, experts told CNBC. A rate hike would "definitely have a negative impact" on the housing market outlook, Ramesh Nair, CEO and country head at real estate services firm JLL India, told CNBC. The Reserve Bank of India (RBI) is widely expected to raise the repo rate — or the rate at which the central bank lends to commercial banks — by 25 basis points to 6.75 percent on Friday. Already, India is facing a challenging global environment: U.S. interest rates are rising, trade tensi...