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.
There are huge expectations that Finance Minister, Arun Jaitley, would announce some measures to help home buyers go ahead and purchase their dream homes. Here are a few steps, if taken, that could make this a reality.