Sanjeev Sinha is Editor, Personal Finance at Financial Express Online. He has more than 20 years of experience with some of the top Indian media
organisations. He has covered a wide variety of subjects such as politics, taxation, wealth management, brands, marketing, management and real estate. An avid reader of crime fiction, Sanjeev spends his free time watching action movies and listening to classical music.
Housing sales in India’s nine key property markets fell 30 per cent annually during the October-December quarter despite the government launching several measures in the recent past to revive buyer sentiment.
Bangalore and Hyderabad in India should be Asia’s fastest and third fastest-growing cities, respectively, over 2020-24, while in China, Shenzhen and Guangzhou should also outperform both the national and Asia city averages.
Budget 2020 India: While some taxpayers and tax experts want some changes in the income tax slabs and rates, others are pitching for a hike in the Section 80C deduction limit as the current limit of Rs 150,000 is not sufficie
Budget 2020 India: Among the many expectations of taxpayers, one key expectation is the restoration of income tax benefit on second home, which may not only benefit homebuyers in a big way but also the real estate sector by s
According to an analysis that covers 10 prime residential markets of the country, as many as 1,665 RERA-registered housing projects are delayed by over 5 years across India and are likely to see completing only after 2020.
The housing segment has recorded subdued growth even during the festive season. Thankfully, that is not the case with commercial, retail and warehousing sectors, which are said to be on a strong footing.
Investors are not interested in putting their money into stagnating real estate. However, for an end-user who is planning to buy his dream home, this pessimistic market scenario can be used to his benefit.
Although expectations are muted this year, still some increase in sales are expected because of various factors, including the availability of affordable ready-to-move-in homes as well as cheaper home loans.
SBI is not the only leading bank which has slashed its lending rates recently. Some other banks – including HDFC Bank and ICICI Bank – have also made their home loans, car loans, and personal loans cheaper.