Only 29% of H1 2019 Housing Supply Qualifies for Government Sops in top 7 Cities
Of total 1,39,490 units launched across top 7 cities in H1 2019, only 39,840 units fall within Govt-defined affordable category criteria (60 sq. mt. carpet area & priced <INR 45 lakhs) MMR saw maximum launches at 17,700 units, followed by Pune with 9,350 units; urban housing shortage in Maharashtra alone pegged at 19.7 lakh units Bangalore, Chennai, Hyderabad & Kolkata together comprise just 15% share (approx. 5,820 new units) of total affordable supply Nearly 2.40 lakh unsold units across the top 7 cities as on Q2 2019 are affordable but many fall outside the government's narrow 'affordable' definition – see an increase of nearly 3% against Q2 2018
- 22/07/2019
- 3
Model Tenancy Act 2019 - Landmark Event or Another Work in Progress?
Distorted property rights for lack of a sound rental policy, weak rental contract implementation and low rental yields prompt property vacancies Like RERA, the Model Tenancy Act, 2019 may lose its real purpose if states do not follow the basic guidelines and dilute them
- 12/07/2019
- 1
Haveli Properties – Buying a Piece of History
Ministry of New – a co-working space opened in 2016 at Kitab Mahal on D.N. Road – reinvented an old building in Mumbai's Fort district Spanish brand Zara opened its flagship store in the 111-year-old Ismail Building at Mumbai's Flora Fountain Circle Philanthropists do buy haveli properties to preserve a slice of history for future generations, but there is usually an underlying business plan
- 08/07/2019
- 0
Union Budget 2019-20: Affordable Housing, Infrastructure to Benefit
Overall, Union Budget 2019-20 is a balanced one with more of a long-term vision as a follow-on of the Interim Budget. It has obviously been formulated to restore confidence in the India growth story as a whole, and more importantly within India Inc.
- 05/07/2019
- 3
Start-ups Fuel the Indian Student Housing Movement
PE players put only USD 60 mn into student housing in last 2 years; segment could see more interest in next 1-2 yrs Insufficient developer participation despite opportunity to diversify residential portfolios Sector still nascent and fragmented; top 10 student housing players together operate >75,000 beds across cities Cities with max. student housing demand are Bengaluru, Pune, Mumbai, Gurgaon, Hyderabad & Chennai, smaller towns include Kota, Dehradun, Coimbatore, Lucknow & Jaipur
- 01/07/2019
- 4
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