Realty Sector

The Delhi Department Authority has launched an online facility for conversion of plotted properties from leasehold to freehold, officials said on Friday

The total portfolio of the JV is 15-16 million sq ft, of which 3-4 million sq ft is operational. Warburg Pincus has a 70 per cent stake, while Embassy Group has 30 per cent shareholding in the JV

Analysts say several have raised funds by selling rental-yielding assets, some second rung cash-strapped builders are asking their banks and financial creditors to take over half-completed projects

The central government ministries, too, are getting into the act on behalf of the sector.

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Construction grinds to a halt in April and May; realtors, analysts expect improvement in coming quarters

In a separate report by the economic wing of State Bank of India (SBI), the realty segment was among the top sectors where players / companies opted for moratorium

Property consultant JLL India is aiming to become a significant player in the real estate technology space and will also invest to grow its housing brokerage business

India's real estate market is grappling with a lingering lockdown that's slowed construction and sharply crimped new sales in an already struggling market.

Among other aspects, they are pushing to extend the definition of "affordable housing" to homes costing up to Rs 75 lakh as against a maximum of Rs 45 lakh right now

The supply of new units also dropped by 81% during the period to 11,967.

Industry executives and analysts said most of this new order activity was a spillover, and fresh project finalisation remains weak

India was ranked 35th in the index during 2018 bi-annual survey, while the country was at 36th position in 2016 and 39th in 2014

Faced with no movement in sales in the past three-odd months due to lockdown and Covid-19-related issues, property developers are resorting to price cuts

CREDAI and Naredco have been demanding one time restructuring of developers outstanding loans with financial institutions to prevent bad loans and making them eligible for fresh borrowings

According to industry estimates, the realty sector employs 6-7 million people, including 300,000 white-collar employees

The situation in the non-housing segment is expected to be worse

The Indian property market was being hobbled by a cash crunch even before the coronavirus outbreak, which has already infected more than 350,000 in the world's second most populous country

In a letter to its tenants, the realtor said it "plans to waive of the entire MG rent from the beginning of the lockdown period up till 15 June".

Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.