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.
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
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.
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.
So you've heard about forex trading, and you're curious about exploring it and making some money? The foreign exchange market, or simply forex, is a market ripe with opportunities that could pay off well if you take time to hone and develop your knowledge in the industry.
According to current statistics, Facebook has more than 2.375 billion active users, 59% of whom use it everyday. 1 billion of these users interact via mobile daily, and most of the top sites in the world are integrated with Facebook. The social networking service will soon launch its own cryptocurrency: Libra.
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