Property news in gurgaon delhi ncr Flats in india

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...

ROF Ramada Chennai-headquartered Sundaram BNP Paribas Home Finance (SBPHFL), which has an established track record in the housing finance segment, expects 2018-19 to be a year of improved buyer sentiment, controlled new launches, better sales, declining inventory of unsold units, and consolidation. Srinivas Acharya, Managing Director of the company, spoke about the regulatory (RERA) and GST impacts on the housing sector, customer sentiments, and the liquidity crisis staring at the sector. Edited excerpts: How was the growth in the first half of this fiscal? We achieved about 10 per cent disbursement growth in the first half of this fiscal. In Tamil Nadu, all regions have done well. However, the Chennai market, which contributes 17-18 per cent of our business, has slowed down. In Kerala, the north has done well for us. Was there an impact of GST on the real estate sector? In the retail segment, there seems to be some resistance from buyers in accepting a 12 per ce...