India: FM Unleashes Alternate Investment Fund for Real Estate
Much in line with her promise to bring relief to the realty sector, the FM announced that an INR 10,000 crore fund has got the Union Cabinet nod.
- 06/11/2019
- 3
Listed Players Beat Slowdown, See INR 228 Bn Housing Sales Value in FY19
Approx. 44 mn sq. ft. residential space sold by top 9 listed players in FY 19 against just 17 mn sq. ft. in FY 17, records more than two-folds jump since DeMo Peak year (2014-15) housing sales by these players touched 27 mn sq. ft.; growth of 63% in FY 19 Total listed players’ new housing supply approx. 61 mn sq. ft. in FY 19, more than double of FY 17 Apr-Jun quarter of FY 20 alone recorded housing sales of 17.5 mn sq. ft. by these top listed players Residential sales value of these players in FY 19 was approx. INR 228 bn
- 05/11/2019
- 3
India: Homes Worth INR 1.54 Lakh Cr. Sold in Top 7 Cities in 2019
Nearly 2.02 lakh units were sold in the first three quarters of 2019 across top 7 cities against 1.78 lakh units in same period in 2018. INR 1.33 lakh crore was the total estimated value of units sold in the corresponding period of 2018. Overall sales value was highest in MMR (INR 62,970 crore) followed by Bangalore (INR 28,160 crore) & NCR (INR 24,860 Crore); sales value least in Chennai (approx. INR 5,580 crore) Despite Bangalore having the 2nd highest sales values, housing sales there plunged 7% in a year; total sales of INR 30,310 crore done a year ago. Pune sales values rose by 32% with INR 17,530 crore in 2019.
- 23/10/2019
- 2
India: Over 81,300 Unsold Homes are Ready for Possession in Top 7 Cities
As on Q3 2019 end, 6.56 lakh units were unsold across the top 7 cities - nearly 12% are ready-to-move-in MMR has maximum ready homes with approx. 21,000 units, followed by NCR with 16,800 units & Pune with 14,260 units In Chennai, nearly 32% of total unsold inventory is ready-to-move-in; 17% in Bangalore; NCR & MMR have just 9% each of unsold ready homes in their overall unsold stock Of total 81,300 ready homes, 35% are in the affordable segment while 13% (approx. 10,000 units) in premium segment priced >INR 1.5 Crore
- 21/10/2019
- 1
India: RERA Sees 40% Rise in Project Registrations in a Year
45,307 projects registered across the country as on 5th Oct. 2019 against 32,306 projects registered in September-end 2018 Maharashtra, Gujarat, Karnataka, Madhya Pradesh & Uttar Pradesh lead in project registrations among states & UTs; these 5 states together comprise 81% overall share Assam, Chandigarh, Daman & Diu and Puducherry see projects registrations for 1st time in a year Agent registration sees 54% rise in a year; nearly 35,644 real estate agents registered across India Over 27,970 cases disposed by concerned Authorities across states; maximum in Uttar Pradesh comprising 41% share (or 11,596 cases)
- 14/10/2019
- 0
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