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Sukhdeep Aurora, Chief People Officer – ANAROCK Property Consultants New Delhi, April 01, 2018: When it comes to the factors influencing recruitment trends in Indian...

Delhi, March 30, 2018: Saya Zion, a residential project by Saya Homes in Greater Noida (West), has received the Occupancy Certificate for 680 units...

New Delhi, March 29, 2018: “The magical thing about bricks is that they have the power to bring dreams to life.”Such was the vision...

By Anuj Puri, Chairman, ANAROCK Property Consultants. A quick look at the numbers of the first month of 2018 reveals that the market is changing for...

New Delhi, March 21, 2018: Gachibowli in Hyderabad is a market comprising of a 15 km stretch from Nallagandla-Tellapur along the Financial District, Nanakramguda, Kokapet,Narsingi, Raidurg up to Manikonda. Recognized as...

New Delhi, March 17, 2018: Traditionally, the Gudi Padwa festival season is an auspicious time to invest in real estate. Considered a time of renewal, it coincides with Punjab's Baisakhi, Tamil Nadu's Puthandu, Andhra Pradesh's Yugadi and Kerala's Vishu. Since a large cross-section of Indians tend to link property acquisition with auspicious dates, activity levels on the property market tended to increase visibly in this period. However, Gudi Padwa 2018 is not likely to bring the accustomed uptick, which - though almost non-existent even in the last 2-3 years - arrived to the backdrop of a more complex set of challenges than ever before. This year, this festival will be juxtaposed with some interesting market dynamics. The residential real estate market in many cities has been slowing down, and developers are hoping that Gudi Padwa will prove to be a turning point for many developers who have been struggling with slow sales as well as policy-induced compliance pressures and generally negative market sentiment. Indian developers tend to look at tradition-fuelled appetite for housing purchases during festivals like Gudi Padwa so as to mitigate slow sales during the rest of the year and offer lower prices under the guise of festival discounts. What we are seeing on the ground as Gudi Padwa rolls around in 2018 is a very different picture  A quick look at the first quarter of past few years indicates that SALES HALVED FROM 90,000 UNITS IN Q1 2015 TO 45,000 UNITS IN Q1 2017, demonstrating a shift in buyer behaviour amidst changing market conditions. Structural changes and policy changes such as demonetization, RERA and GST have certainly also helped to bring sanity into the Indian real estate sector. Investors, who were instrumental in driving up prices in previous years, are no longer a major factor either. In fact, residential rate trends across the seven major cities clearly reflect that the tepid buyer sentiment has had an impact on developers' previously exuberant price-tagging. While inflation and increased execution costs - and, more recently, RERA compliance costs - have caused inevitable increases, these are marginal at best and nowhere near the adventurous 'price discovery' increases which worked in previous years, when investors were still a major factor. In other words, Gudi Padwa 2018 arrives to the backdrop of still-tepid housing absorption in major cities. This can be attributed to the fact that Indian real estate sector is still in the throes of a major course correction - a journey that has put buyers into an extremely cautious mode which is unlikely to relent on mere tradition-based grounds. On a positive note, the restricted new launch pipeline and developers' increasing focus on project completions will surely cause unsold inventory to reduce over time, and demand will soon begin to rise. However, this will not happen in time for Gudi Padwta to save the day. Corporate Comm India(CCI Newswire)

New Delhi, March 17, 2018: Ready Reckoner (RR)  rates indicate the value of land or residential and commercial properties of an area determined by the State Government and are published annually.  RR rates  vary as  per the area under consideration and the available  infrastructure facilities. They have an impact on the stamp  duty on property transactions, and concurrently on the revenue mop-up of the state government.  They  also  directly impact the market value of the properties.  Change in the RR rates also influences the real estate construction  cost and additional charges towards any transaction. PUNE'S RR RATES The RR rates of Pune are proposed to be hiked by 3% this year, and the...

New Delhi, March 17, 2018: Any nation’s economy depends on the kind of reforms it introduces and executes in order to bring a positive...

New Delhi, March 15, 2018: More than half of India’s population, approximately 600 million people are under 25 years of age. The country is rapidly...

New Deli, March 14, 2018: In line with its ongoing social endeavour of 'Welfare for All', Emaar India today organised a free Health Care Check-up Camp at its 'Colonnade' project...