No one would like to admit or put on record but privately most of the developers maintain that their major investors have pulled out of market, both for land finance as well as for investment in the under-construction inventory. ...
Others
Amnesty to builders at what cost & for whose benefit
Contrary to the general perception that the eco system is getting tougher for the builders due to home buyers’ activism, vigilante media and judicial intervention, the facts suggest that the developers have been given too long ropes to cross the br...
Policy changes add to attraction of Indian realty
Bottom Line: The Indian property market has always been quite attractive for the Non Resident Indians (NRIs) to invest back home. The only concern has been with the opaque nature of the business where information and scientific process of due diligen...
An eventful year of judicial intervention in real estate
News Point: Some of the hard hitting judicial verdict of the year 2016 indicate judiciary is no longer ready to give a long rope to the erring builders. For far too long the judicial delays have made the homebuyers suffer. The emerging realities of j...
Salt pans development in Mumbai sparks debate
News Point: There are very many arguments for and against the proposal to develop salt pans but primary concern is that whether the sea facing land parcels should be used for affordable housing or high end luxury properties. The demand for urban habi...
No alibi of delays after Model Building By-laws
Bottom Line: The New Model Building By-laws (MBBL) promises to reduce human interface and provide a structural framework to create an online single window system, thereby reducing corruption. One of the fundamental reasons of delays in real estate ...
Online approval way forward in Mumbai
Within the built environment of Mumbai real estate there is hardly any two views as far as the need to have online approval is concerned. The debate today is more about the cost & benefit analysis of the announcement of Maharashtra Government t...
Cong writes to PM seeking early passage of real estate bill
The move comes days after Rahul Gandhi assured homebuyers that Congress was committed to strong real estate bill. Congress has written to Prime Minister Narendra Modi and Urban Development Minister M Venkaiah Naidu, asking them to have the Real Estat...
Realty not complaining as budget touches pain points
The Union Budget 2016-17 only touches upon some pain points without addressing larger concerns; yet sector not complaining. The Union Budget for the last few years was a matter of hurt burn for the real estate sector. The post budget reactions always...
No major incentive to fuel housing demand in Budget
Housing demand is a serious matter of concern and the business needs a policy booster but the Union Budget 2016-17 proved to be an uneventful exercise. Though everyone within the policy corridors acknowledges the fact that the sector has the potentia...