Page 14 - Housing Sector
Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects
This will finance 1,600 stalled housing projects comprising 4,58,000 housing units across the country
 "Govt, SBI, LIC to provide Rs 25,000 cr fund to stalled housing projects")
Credit growth picked up rapid pace from September 2019: SBI report
As per the report, in September, the jump in retail credit at Rs 51,900 crore was nearly double that of August, of which housing loans jumped by 2.6 times.
 "Credit growth picked up rapid pace from September 2019: SBI report")
The Indian middle class needs to learn that house prices can fall too
If you want to fix the housing sector, fix the market for houses - don't try to bail out projects, developers, banks or homeowners
 "The Indian middle class needs to learn that house prices can fall too")
Reviving housing
Investment will depend on how the AIF works
 "Reviving housing")
Housing sales dip over 9% in Q2 as slowdown weighs on buyers' sentiment
This is the fourth such report that has shown fall in housing sales during the third quarter of the 2019 calendar year
 "Housing sales dip over 9% in Q2 as slowdown weighs on buyers' sentiment")
Affordable homes account for only 29% of total launches in Jan-Jun: Anarock
In recent Budget announcement, the government has increased the deduction of interest on home loan by Rs 1.5 lakh to Rs 3.5 lakh to boost demand for affordable housing
 "Affordable homes account for only 29% of total launches in Jan-Jun: Anarock")
Lower circle rates reignite realty sector hope
Delhi plans to follow Gurgaon's example; experts welcome govt intervention in housing but warn periodical rate review might increase prices of projects in Noida
 "Lower circle rates reignite realty sector hope")