Housing Sector

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points to 4.45%, the biggest reduction since China revamped the mechanism in 2019

Union Minister of Housing and Urban Affairs Hardeep Singh Puri on Monday said that 80 out of the 100 Smart Cities in the country have Integrated Command and Control Centres

While house transactions mostly declined during the Covid-19 shocks, their prices did not fall in most of the selected cities, some even increased, as per Economic Survey 2021-22.

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

A credit guarantee can give housing a boost

Housing down-cycle shaved more than 1 per cent from growth annually for nearly a decade; it is turning now

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

The plan, approved by the National People's Congress Standing Committee, China's top legislative body, is designed to guide rational property buying and will last for five years

Investors appear to have paid heed to the negative aspects in the recent past

Average property prices saw a 3 per cent yearly increase across the top 7 cities

Realty portal Housing.com on Friday said online searches for residential properties on its platform increased in June after witnessing a decline in preceding 2 months, owing to second wave of pandemic

Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark

The Indian real estate market is estimated to touch $1 trn by 2030 driven by rising demand and various reforms in the past seven years, Housing and Urban Affairs Secretary Durga Shanker Mishra said

Bengaluru-based developer Puravankara has initiated a similar increase in prices

Chances of realty prices declining further are slim

The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.

A total of 21,839 new units were launched in these markets during April-June, lower by 59 per cent compared to the launches in January-March.

This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.

Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major cities.