March 18, 2018
NEW DELHI: The real estate sector is showing signs of revival after a period of slowdown, Vice President M Venkaiah Naidu today said but expressed concern over high prices of land parcels especially in smaller cities. Addressing realtors' body CREDAI annual conclave, he asked the association to adopt self code of conduct for members and…
March 18, 2018
In the wake of the ongoing non-performing assets (NPA) crisis in the banking industry, the State Bank of India (SBI) has decided against funding the interest during the construction period on the loans taken by the corporate sector, including real estate. The decision is aimed at de-risking the bank's loan book, SBI chairman Rajnish Kumar…
March 18, 2018
NEW DELHI: India's real estate sector is projected to reach USD 180 billion by 2020 from USD 126 billion in 2015, according to a joint report by CREDAI and JLL. Investment inflows in the housing sector since 2014 have been Rs 59,000 crore, about 47 per cent of the total invested money in real estate,…
March 18, 2018
NEW DELHI: Housing sales declined by around 40 per cent last year to 2,02,800 units in seven major cities from the average sales of 2013 and 2014 mainly due to sharp fall in the Delhi-NCR market, according to property consultant ANAROCK. The consultant, in its latest research, analysed housing sales during the last five years…