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3 months

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

4 months

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)

4 months

Who Killed Trust in Banking, and When Does it Return?

During the global financial crisis, governments spent billions to bail out banks in an effort to keep liquidity in the banking sector, largely so that lending could continue at a time when businesses needed as much help as they could get. However, in a financial crisis when the economy is in recession, it is counter-intuitive for a bank to lend money to customers who might get into further trouble. So the bail out didn’t work in stimulating the economy the way it was intended. The autopilot ‘internal’ risk function kicked in and prevented it from doing so.

4 months

The Real Deal in Festive Season 2019

Top 7 cities saw housing sales improve by 51% in Q4 2018 against Q4 2017 Sales in the festive quarter of 2018 were 69,860 units  City-wise sales increases in festive season 2018 Affordability – prices rose just 14% across the top 7 cities between 2013 and Q3 2019

4 months

Repo Rate Cut of 25 bps – A Notional Nudge

In the April-June 2019 quarter, India's GDP grew only by 5% - the slowest pace in over six years. Consumers are spending less on everything from FMCG to automobiles – and, of course, real estate. Naturally, the sector eyes RBI's monetary policy for cuts in the key lending rates to support the various measures taken by the government to boost consumption sentiment.

4 months

Retail PropTech - Technology to Drive Future Mall Profitability

Property technology (PropTech) is a new force that’s taking the real estate industry by storm. It is the use of information technology to help individuals and companies research, buy, sell and manage real estate. Just the way FinTech focuses on the use of technology in finance, PropTech uses digital innovation to address the needs of the property industry.

4 months

India: Housing Absorption Dips 20% q-o-q, New Launches Down 34% in Q3 2019

Top 7 cities saw 55,080 units sold in Q3 2019 against 68,600 units in Q2 2019; yearly decline recorded at 18% over Q3 2018. New launches fell from 69,020 units in Q2 2019 to 45,230 units in Q3 2019, 13% y-o-y decline from 52,130 units in Q3 2018. Kolkata & Chennai see lowest quarterly sales drop of 12% each; Hyderabad records highest drop at 26%. Unsold inventory in top cities declined meagrely by 1% – from 6.66 lakh units in Q2 2019 to 6.56 lakh units in Q3 2019; Hyderabad sheds maximum unsold stock of 5% in a quarter. 41% new supply of Q3 2019 in affordable segment, 36% in mid-segment (priced INR 40-80 lakh). Property prices largely remained stagnant across cities. Recent Govt. sops boost sentiment at onset of festive season; housing sales may increase in upcoming quarters.