2 years of Modi government: In the recent past, the passing of the long-pending Real Estate Regulatory Bill was seen as a great victory for the Indian real estate sector and has got a thumbs up from almost all the experts.
Land acquisition problems, as a reason for stalling of project implementation, have come down to under seven per cent over the last two years, down from 16 per cent in 2013-14 and 13 per cent in 2012-13.
Prospective buyers can still opt to invest in delayed projects provided there is a renewed visibility in terms of achieving revised timelines because of a fresh source of funding, change in management, etc.
Launches of new homes increased by 62 per cent to 4,600 units in Delhi-NCR during January-March period despite sluggish demand and huge unsold stocks, according to property consultant Cushman & Wakefield.
Most real estate stocks surged in the morning trade on Thursday after Municipal Corporation of Greater Mumbai (MCGM) on Wednesday came out with a revised draft development plan which recommends hike in the floor space index
Net absorption of office space fell by 11 per cent in Delhi-NCR to over 7 lakh sq ft during January-March with corporates focusing on consolidation and relocation, according to a report by Cushman & Wakefield.
It is not just the home-buyers who are increasingly getting attracted towards Noida and Greater Noida. Big business houses, start-ups and even PSU's are building permanent base in Noida, adding value to the region.