As the festival season is on, the latest reduction in home loan interest rates by SBI will help the sector gain buyers. The prices are already subdued, and buyers will be able to save a little more money. Additionally, the bank will not charge a processing fee and has removed the distinction between salaried and…
Category: Affordable Housing
Demand for housing expected to increase in this festive season
This festive season is critical for the real estate industry, and it is expected that the housing sector would perform exceptionally well in the next quarter. Realty developers believe that this year’s festival season should be a good one for Indian real estate, with near-record sales. Builders expect robust business with a host of new…
Positive retail credit growth to boost affordable housing
With the retail credit growth turning positive for the first time in FY 2021-22, majorly driven by housing(especially affordable and mid-priced), besides car and consumer loans, the festive months further set to give a boost to affordable housing. According to the RBI data, bank lending rose Rs 7283 crore till September 24, against a contraction of 1…
Affordable homes to lead residential recovery
Despite Corona setbacks since the beginning of last financial year, the creditable performance shown by the affordable and mid- priced housing segment, bodes well for the recovery of the residential sector. A recent industry report has shown that affordable homes priced below Rs 30 lakh , have recorded 30 percent traction. This translates to a…
Record rise in project launches to speed up residential recovery
The substantial pick up in new housing projects launches, is set to give a big push to the sale of residential units, quickening the pace of the residential real estate market recovery. That the new home launches have gained traction, is clearly evident from the recent residential review of India’s top cities by Square Yards. The …
New launches perk up New Gurgaon realty
As the home sales and new project launches gain traction across top cities due to pick up in economy amidst ebbing of Corona pandemic, New Gurgaon has shown promising performance on this front which bodes well for the real estate recovery and growth. New Gurgaon, which has emerged as a top affordable housing destination ,…
Continuous rise in housing demand to boost realty growth
The unabated rise in the housing demand this year, has set the stage for fast retrieval of the last ground , paving way for strong growth in residential real estate in the coming years. A recent report of Magicbricks’ PropIndex points to substantial rise in both demand and supply of housing. While demand in the…
Mortgage offtake pick up brightens prospects for residential real estate
While there has been a slowdown in the credit growth to commercial real estate , the rise in housing credit by the banks, has brightened the prospects of residential real estate . The Reserve Bank of India report says that retail credit, including housing , has shown an accelerated growth rate of 12.1 percent in…
Final push to complete Dwarka Eway next year, to boost Gurgaon realty
The final push by the Union Minister for Road Transport and Highway, Nitin Gadkari to complete the much delayed Dwarka Expressway next year, will help fast track the growth of Gurgaon real estate. Conceived way back in 2007-08 as a ring road , part of the Gurgaon-Manesar Urban Complex 2031, Dwarka Eway has faced many…
Soaring BSE realty index augers well for real estate revival
The unprecedented spurt in the real estate stocks , ahead of the festive season bodes well for the revival of the Covid- hit real estate, especially the residential real estate. The BSE Realty Index has created a record of sorts by giving an all time high performance over the last 11 years. It has taken…