The emergence of nuclear families, rapid urbanisation and rising household incomes are likely to remain the driving forces in all spheres of real estate including residential, commercial and retail.
In the recent past, there have been many steps and rulings that have brought in some hope for homebuyers and the shift has moved from developer-centric to consumer-centric.
Indiabulls Real Estate today said that its subsidiary has entered into an agreement with Oricon Properties for developing more than 7,800 sq metres plot situated at Worli in Mumbai.
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.
At the peak of the real estate boom in 2007-2008, the building commanded rents higher than those in London, and twice as high as those in Manhattan, New York.
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.
India's realty sector, especially residential sector, which has been witnessing slowdown since last couple of years is set to rebound from October onwards on overall economic scenario.
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
