It is no rocket science to know that black money has been the oil and fuel of the Indian real estate sector. Neither would it be an exaggeration to suggest that the lion’s share of the country’s black money has traditionally been concealed in this sector.
The government initiative to tax developers, forcing them from hoarding inventories in anticipation of hardening prices, is likely to have far reaching impact on the real estate sector.
Bitcoin and other crypto-currencies have been in the news a lot if recent times, often for the wrong reasons but also because of the massive appreciation Bitcoin has been clocking up.
Our ideas of homes have clearly travelled beyond the traditional, native imagination synonymous with the concept. The changing aspirational lifestyle, liberalised investment windows and competitive price options has made ownership of overseas homes a closer reality in India.
The number of unsold housing units in the seven major cities stood at 6.85 lakh units at the end of September quarter, a fall of 9 per cent from the year-ago period, according to Anarock Property report.
The Indian facilities management (FM) industry is in the midst of rapid developments in end-user industries, which has led to considerable growth of commercial activities in metropolitan cities such as Delhi /NCR, Mumbai, Hyderabad, Pune, Chennai, and Bangalore.
The Indian logistics sector being granted infrastructure status is a landmark move with wide-ranging implications for an industry now set to grow 10-15 per cent annually.
India currently has some 600 million sq ft of commercial real estate inventory worth over $70 billion and it opens up a huge investment opportunity for non-resident Indians living all around the world.
Last week, the Centre, enhanced the carpet area of houses under the Credit Linked Subsidy Scheme (CLSS) for the middle-income group (MIG) category under the Pradhan Mantri Awas Yojana-Urban (PMAY-U).
India was ranked fourth in developing Asia for foreign direct investment (FDI) inflows as per the World Investment Report published in 2016 by the United Nations Conference on Trade and Development.
If there is one thing that creates more buzz than the stock exchange, it is the real estate sector. Investments in real estate are considered to be the safest and perhaps most lucrative.
Over the past one year, demonetisation has been a buzzword across all Indian industries, but much more so in real estate.
Demonetisation has brought deep disruptions in the `hard cash-driven’ real estate sector in the country.
Demonetisation was undoubtedly a landmark event in the history of our economy. The aim of demonetisation was to curb the use of black money, but the cash crunch it caused contributed to significantly lower real GDP growth in the subsequent quarter.
The Narendra Modi government’s Rs 7 lakh crore Bharatmala highway-building programme is expected to give a big boost to the real estate sector besides raising demand for steel and cement and creating large-scale blue-collar jobs in the construction industry.