Q:I believe that currently the Indian real estate market is at a stage where it can only rise. Home prices have come down by 15-20 per cent in the last one and a half years due to corrections, which combined with the reduction in home loan rates has helped improve sales in last few months. Over the year, incomes of working couples have also risen by 10-15 per cent, boosting home sales by genuine first time buyers, whereas reduced interest rates, cheaper EMI, price correction has encouraged the end-users to invest in real estate. Any other thoughts or views?
Q:CREDAI strongly desire the State government to bring improvements in urban local bodies administration and ask for single window clearance for real estate projects.
Latest Answer: Members of the Confederation of Real Estate Developers Associations of India (CREDAI) Hubballi-Dharwad, Belagavi and Kalaburagi chapters on Tuesday joined their counterparts across the nation in registering their protest against the authorities in retaliation to the suicide of noted real estate developer from Thane Suraj Parmar.
Q:As per the top company official, RPMS, part of Reliance Capital Asset Management, is planning to raise over Rs 1000 crore from the domestic market to invest in real estate projects across the country.
Latest Answer: Yes, and we all know that demand for financing from real estate developers has been on the rise in the backdrop of inactive sales. The current story of realty market has offered an opportunity for private equity players and non-banking financial companies to invest in realty projects and bargain for better returns.
Latest Answer: @Shalini,
Constant increase in input costs including cost of statutory approvals from the state government, land and land development cost were also the reason for dip in the new launches. Moreover, while the market sentiments are positive and the inquiries have elevated, change of interest to sale is low.
Latest Answer: Hi Guys,
According to sources, it was then chosen that a 100m-stretch of the road will go through Fazilpur, for which 20-odd houses should be relocated. When HUDA secures this land, it will likewise have the capacity to assemble water supply lines to sectors 68-80, where for long, water has been provided through water tankers as the development authority had neglected to grant to lay a pipeline through Fazilpur.
Latest Answer: We all know that the high price of the construction material makes the project cost higher. And the inflow of the existing projects are very low. That is the reason the builders want to reduce the debts. So the builders are not investing on acquiring new lands for new projects.