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4 months

India: Some Construction to Resume in Non-hotspots

In a major move to kickstart at least some pent-up economic activity, the government today released the guidelines to be followed during lockdown 2.0.

4 months

COVID-19 Derails Affordable Housing Growth in 2020

The COVID-19 pandemic is all set to derail the growth momentum of affordable housing in 2020.

4 months

The Impact of Your Credit Score on Getting a Personal Loan

Your credit score can influence your ability to take out a personal loan.

4 months

COVID-19 Impact: PE Inflows by US-based Firms in India to Decline in 2020

US-based PE players top investors in Indian real estate; pumped in ~USD 5.7 bn between 2015-2019 Top Indian cities on their radar include Mumbai, Bangalore, Hyderabad, Pune, & Chennai among others  Of total USD 5 bn PE inflows in Indian realty in 2019, US firms accounted for significant 36% share (or ~ USD 1.8 bn) Since 2016, Indian real estate saw Y-o-Y rise in PE inflows by US PE funds – from USD 526 million in 2016 to over USD 1.8 bn in 2019 With US becoming the new epicentre of COVID-19, PE funds could hold on to their India investment plans Some cash-rich players could scout for good bargains amid the carnage Major US-based private equity players include Blackstone, Hines, Warburg Pincus, Goldman Sachs etc.

4 months

COVID-19 to Reduce Housing Sales by 25% in India

Housing sales to see 25-35% y-o-y fall in 2020; new launches by 25-30% Unsold housing inventory to remain stable, may even see 1-3% yearly reduction Construction delays could run into several months for well-funded projects, few years for others; 4.66 lakh units to be previously completed by 2020-end face high risk of delays Affordable housing target group most affected, limited income & unemployment fears to defer purchase decisions Indian office sector to see significant impact by COVID-19; besides demand-supply decline, key occupiers to re-look office space requirements Indian retail leasing & new mall completions to see 30-50% dip against previous growth estimates; revenue-sharing model to gain dominance Technology to gain significant precedence in Indian real estate from 2020 onwards

4 months

RBI Makes Its COVID-19 Countering Move

RBI’s latest announcement of a massive repo rate cut of 75 bps coupled with three months moratorium of EMIs on all outstanding loans is the biggest move that India has so far made to counter the COVID-19 fallout.

4 months

COVID-19 Effect: Housing Sales, New Launches Dip 42% Each in Q1 2020

Residential sales stood at 45,200 units in Q1 2020 against 78,510 units in Q1 2019 across top 7 cities; quarterly drop of 24% Nearly 41,200 new units launched in Q1 2020 against 70,480 units in Q1 2019; min. 21% q-o-q drop in new supply Hyderabad sees highest yearly drop of 50% in residential sales – from 5,400 units in Q1 2019 to approx. 2,680 units in Q1 2020; other cities witness similar declining trends For new launches, MMR & Pune record maximum y-o-y drop of 61% & 56% respectively; Chennai & Kolkata’s new launches increase by 16% & 8% respectively Despite the gloom, developers able to shed their unsold inventory by 3% y-o-y - from 6.65 lakh units in Q1 2019 to 6.44 lakh units in Q1 2020