Construction Ban in Bangalore – A Steep Price for Negligence
The Karnataka government has proposed to ban construction of new apartments in Bangalore for 5 years. This is a harsh scenario to ponder, considering that the reasons that led to its need are haphazard over-construction and negligence to implement proper water management. While these were certainly preventable reasons, let us examine this in the light of possible implementation.
- 28/06/2019
- 7
Bangalore Leads Real Estate Revival
Bangalore housing sales rose by 80% in Q1 2019 against Q1 2017, unsold stock declined by 44% City’s inventory overhang declined from 42 months in Q1 2017 to 15 months by Q1 2019 end; new supply rose by a mere 39% 31% NRIs see Bangalore as most preferred city for investment – ANAROCK Consumer Sentiment Survey
- 26/06/2019
- 1
GST Council Meet - Real Estate's Hopes Vs Reality
The real estate sector is obviously not without its own hopes from the first GST Council meeting of Modi 2.0. Reducing the GST rate for cement from the current 28% slab to 18% had been a long-standing demand of industry stakeholders. That said, while the announcement of such a reduction would certainly help developers, the 'real' question is whether homebuyers would benefit.
- 21/06/2019
- 4
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 hinterlands ultimately voted the incumbent Government back to power with a thumping majority.
- 17/06/2019
- 2
Real Estate's Expectations from Modi 2.0's First Budget
With the Modi Government taking full charge, all sectors have pinned high hopes from the finance minister - who is already saddled with multiple issues including the slowing economy, liquidity crunch due to NBFC crisis, lack of job creation and rising NPAs, among others.
- 13/06/2019
- 2
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