India: ~ 30% Cash Component Still Possible on Resale Market
Unaccounted wealth still used in the resale market across the country; Govt’s battle against it continues Primary sales market in Tier 1 cities offers limited scope for 'black' money transactions; Tier 2 & 3 cities present a different picture Reducing gap between market value and circle rates in Tier 1 cities limits scope for black money in primary housing sales market However, in many tier 2 & 3 cities, circle rates are much lower than existing market rates
- 27/11/2019
- 4
India: 2.75 Lakh Ready Homes to Hit Top 7 Cities by 2020-End
Approx. 13.1 lakh units are in various stages of construction (launched since 2014) in top 7 cities; 21% to be delivered by 2020-end Nearly 1.13 lakh ready-to-move supply to be in the affordable category, 33% in the mid-segment; only 10% in luxury NCR to see highest RTM stock with over 68,070 units; Chennai least with 10,860 units MMR & Pune to collectively see over 1.01 lakh RTM homes; IT hubs Bangalore & Hyderabad nearly 55,000 units With overdue projects attracting RERA penalties, emphasis will be on timely delivery
- 25/11/2019
- 3
India’s Insolvency and Bankruptcy Code - 3 Years of Hits and Misses
The enactment of the Insolvency and Bankruptcy Code, 2016, (IBC) along with Real Estate (Regulation and Development) Act, 2016 (RERA) ushered in a new era of tighter regulation for the Indian real estate sector. Both these legislatures have strengthened the hand of homebuyers, giving them multiple forums to get justice. They can now file claims before the consumer courts, under RERA, and before the National Company Law Tribunal (NCLT) invoking IBC.
- 21/11/2019
- 5
Bangalore Unsold Housing Inventory Overhang Lowest at 15 Months, NCR Highest at 44 Months
Top 7 cities’ inventory overhang reduced from 37 months in Q3 2018 to 30 months as on Q3 2019 Bangalore has the lowest inventory overhang among top 7 cities at 15 months; NCR has the highest at 44 months Unsold inventory overhang in MMR & Pune at 34 months and 27 months respectively Chennai & Hyderabad saw their inventory overhang reduce to 31 months & 16 months respectively in a year Kolkata has the second-highest inventory overhang at 38 months; it was 42 months a year ago Cumulative unsold stock across top 7 cities sees 5% yearly decline; is 6.56 lakh units as on Q3 2019 end
- 13/11/2019
- 4
India: Top 7 Cities Have Over 19 Lakh Under-construction Homes
The government has announced a INR 25,000 crore fund to rescue stuck projects, and a lot is currently at stake for Indian residential real estate. As many as 19 lakh units across the top 7 cities are under various stages of construction as on Q3 2019 end, reveals ANAROCK research. These include stalled, delayed and all ongoing under-construction units.
- 07/11/2019
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