Category: Real estate

First-time property buyers, take heart! This Zomato for real estate agents can help you make the right choice

The walls were closing in on Mohit and Nidhi B Sancheti. As first-time buyers of real estate, the couple came face to face with multiple problems: connecting with multiple agents who added no value to the property scouting process, wading through a barrage of information, and struggling to find quality amid the quantity. The problems led […]

Real estate sector to chart new growth story, will grow 35% annually in next 5 years: Niranjan Hiranandani

Though the real estate sector is under stress for the last few years, this could be the beginning of a new growth story, said Niranjan Hiranandani, president (national), National Real Estate Development Council (NAREDCO) and chief managing director of Hiranandani Communities. The survival trick for developers and investors is to adapt to the changing environment and government […]

Real estate stocks biggest losers in market correction since August

Mumbai: Realty stocks have eroded nearly 25%, the most among sectoral indices, since the correction in the Indian stock market started in late August. The change of stance on interest rates and tightening liquidity for non-banking finance companies (NBFCs) hit the sector, which had just started seeing a recovery. While the BSE’s 30-share benchmark index, the […]

RBI data shows surge in bank finance to real estate

Organised funding from banks to the real estate sector is gradually improving, especially in markets where developers are becoming more transparent and the Real Estate Regulatory Authority (RERA) has stabilised. Bank funding to developers is up 6.3% over the previous year, with outstanding loans to the sector at Rs 1,87,200 crore at the end of  […]

Real estate transactions, enquiries by NRIs on the rise as rupee depreciates

The depreciating rupee has affected most Indians either directly or indirectly (read here to know how), but it has benefitted non-resident Indians (NRIs) when it comes to investing in Indian real estate in India. In the last one year, the rupee has depreciated around 14% from ₹65 at the beginning of October 2017 to above ₹74 […]

Three directors of real estate firm Amrapali sent to police custody for not handing over documents for forensic audit

The Supreme Court today ordered three directors of real estate Amrapali group to be taken into police custody because they hadn’t handed over documents relating to its accounts to forensic auditors. A bench of justices Arun Mishra and UU Lalit said the company directors had been “playing hide and seek” with the court and told the […]