Track2Realty is an independent media group managed by a consortium of journalists. Starting as the first e-newspaper in the Indian real estate sector in 2011, the group has today evolved as a think-tank on the sector with specialized research reports and rating & ranking. We are editorially independent and free from commercial bias and/or influenced by investors or shareholders. Our editorial team has no clash of interest in practicing high quality journalism that is free, frank & fearless. Now you can subscribe our YouTube Channel @ https://www.youtube.com/channel/UClwlWQn4MUB7uVbQKsNEJzg
Provident Housing is launching a new phase of Provident Ecopolitan in Bengaluru on 18th-19th January, 2025. Building on the overwhelming sold-out success of Phase 1, the new phase offers thoughtfully designed homes that seamlessly integrate sustainable design with contemporary living.
Can Union Budget 2025 fix the larger problems afflicting the business of Indian real estate? This question is more relevant than asking to what extent the Union Finance Minister will fulfill the wishes of the sector. This is because the real estate has largely been ignored, heavily taxed, and least considered in the budget of last few years. Irony is that for some strange reasons the stakeholders who have a large wish list on the eve of Union Budget every year, justify the sector being ignored in the post budget analysis.
After influence peddling with a false narrative of ‘All is Well’ for so long the built environment of Indian real estate has finally conceded to the reality of headwinds. At the beginning of the yeart 2025 a section of stakeholders are accepting for the first time that declining home sales and high prices are going to hurt in the year ahead. However, they are yet to come to terms with their own faultlines. Track2Realty questions whether talking about the need to lower home loan interest rates and some concessions with the upcoming Union Budget is going to make any tangible difference.
The news of SEBI crackdown on YouTuber Ravindra Balu Bharti for illegal investment advisory services has come as a reality check for many influencers. These influencers are offering unregistered and more often than not paid investment advice by the vested parties. But financial influencers or Finfluencers, as they say, are not the only influence peddlers that need to be checked. The property influencers, or Propinfluencers, are even greater threat. After all, one invests in stock market with surplus money where amount is much lesser than one’s investment in property that is life’s costliest purchase and mostly with borrowed money. Ravi Sinha questions why there is no regulatory framework for property influencers.
Deepak Rastogi brings over three decades of extensive experience in finance, strategy, and transformation across diverse industries and international markets. He has held leadership positions, including President & Group CFO at Deepak Fertilisers and Petrochemicals Ltd. and President & Group CFO at TATA Autocomp Systems Ltd. His expertise encompasses driving profit and loss, growth strategies, mergers and acquisitions, digitisation, and enterprise risk management.
Are you aware that the Housing Ministry of the Government of India is spending an exorbitant amount of money for your welfare? You may be having many grievances with the ways & means of Indian housing and urban development; how they fail to address the core issues. But when you get to know that the Government of India has many white elephants employed with the ministry at the cost of tax payers’ money, it only adds insult to your injury. After all, PPT presentations and high-flying proposals on paper is not going to change anything for a common man.
On a scale of 0-100, the Housing Sentiment Index has been noted to be just 18; with 82% Indians categorically believing that housing is just not affordable to them. A vast majority of them, as many as 80%, believe it would take no less than 10 years of their gross income to afford a house in any of the leading Indian cities. The global benchmark is 5 years of gross income with not more than 40% of take-home salary. But 78% Indians believe it would take no less than 60% take home salary to buy a house in India.
The outlook of the Indian real estate on the eve of 2025 could confuse any neutral analyst. But for the insider analysts who are actually stakeholder-cum-expert, it is like another new year with hopes and promises galore. The stakeholders are so upbeat that all the industry reports are projecting a bullish upcycle to continue for the next few years, thus taking Indian real estate to a valuation of $10 trillion by 2047. Track2Realty finds that the ground reality for a commo0n man looking for a house in his affordable budget stands in contrast.
Average housing prices across the top eight markets in India rose 11% YoY at INR 11,000 per sq ft during Q3 2024, led by sturdy demand and positive market sentiments. Interestingly, average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices with Delhi NCR witnessing the highest rise at 32% YoY, followed by Bengaluru at 24% YoY rise during the quarter. After registering record high sales over the last two years, the demand momentum across the top cities is stabilizing. Nevertheless, with anticipation of healthy residential activity in the last quarter, 2024 is likely to end on a strong note.
Real estate advertisements are most exploitative, says ASCI. In its “Half-Yearly Complaints Report 2024-25”, the self-regulatory body ASCI (Advertising Standards Council of India) said that of all the 3031 ads investigated, around 34% were from the real estate sector alone. It was followed by 29% ads from illegal betting and 8% from the healthcare sector. Track2Realty is conscious of the fact that the builders would challenge this allegation tooth & nail. The developers that we have spoken to have either denied existence of such practices or have even questioned the legitimacy of ASCI.