New Luxury Housing Supply Triples in 2 Years Since DeMo
New supply of homes priced >INR 1.5 Cr stood at 16,100 units in H1 2019 against 5,240 units in H1 2017 (period immediately post DeMo) In H1 2017, luxury supply in most cities fell to three-digit numbers; NCR & Pune saw minimal launches - merely 140 units collectively Expensive markets MMR & NCR together comprise 59% share of new luxury stock in H1 2019 - 6,490 units & 3,030 units respectively Over 9,940 units in H1 2019 added in price budget of INR 1.5 - 2.5 Cr, remaining 6,160 units added in >INR 2.5 Cr budget Of the total 6.65 lakh unsold units in top 7 cities in Q2 2019, approx. 86,430 units are in the luxury category (priced >1.5 Cr)
- 08/08/2019
- 5
Monetary Policy Reaction - Rate Cut Not Enough To Do Much For Real Estate
The hard facts of declining consumption and a deepening economic slowdown in India are inescapable, and real estate has been severely impacted by them.
- 07/08/2019
- 4
Monetary Policy - Can A Repo Rate Cut Revive Real Estate Demand?
Overall consumption in India has taken a serious beating in the recent past, and the RBI needs to give a serious booster shot to hike up consumer sentiments.
- 05/08/2019
- 3
1.74 Lakh Homes in 220 Projects Completely Stalled in Top 7 Cities
Stalled projects (launched in 2013 or before) have over 1.74 lakh units, valued at up to INR 1,774 billion Of the total stalled units, 66% (over 1.15 lakh units) are already sold; 34% units unsold NCR has the highest share at 68% or 1.18 lakh stalled units across main 7 cities, followed by MMR with 22% or 38,060 stalled units In project value terms, MMR not far behind NCR - stalled units worth INR 822 bn in NCR & INR 802 bn in MMR Of total 1.18 lakh stuck units in NCR, 69% or approx. 83,470 units are sold out
- 24/07/2019
- 3
The Supreme Court's Move to Get Stuck NCR Projects Back on Track
In a major landmark judgement favouring aggrieved homebuyers, the Supreme Court cancelled the registration of all companies of Amrapali Group under state RERA. This is indeed a remarkable judgement and will hopefully set a badly-needed precedent for righting the wrongs imposed on helpless homebuyers held hostage by stuck projects. This remarkable move will have a far-reaching positive impact on the Indian housing market.
- 23/07/2019
- 2
BBN Times connects decision makers to you. Experts in their fields, worth listening to, are the ones who write our articles. We believe these are the real commentators of the future. We quickly and accurately deliver serious information around the world. BBN Times provides its readers human expertise to find trusted answers by providing a platform and a voice to anyone willing to know more about the latest trends. Stay tuned, the revolution has begun.