Author Track2Realty

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

Beyond Headlines Senior Living in India, ASLI, Association of Senior Living in India, Ashiana Housing, Ankur Gupta, Antara Senior Living

India’s Largest Conclave for Senior Care to focus on post-COVID era challenges

While India is gearing up for COVID-19 vaccine rollout nationally, the onslaught of pandemic posed enormous difficulties for healthy living among the senior cohort of the country. In order to assess and deliberate on the challenges, solutions and future roadmap for senior care and living in India, Association of Senior Living India (ASLI) in partnership with Unmukt – The Senior Hub, today announced its 3rd ASLI Annual Senior Care Conclave to be held virtually from Jan 22 -24, 2021 bringing together key stakeholders in the senior care industry.

Reports Housing Absorption, PropTiger Report, Real Estate in 2020, Housing Demand in India, Housing Supply in Indian Cities

2020 ends on a positive note for realty: PropTiger report

New homes supply and sales showed a significant improvement in the fourth quarter of 2020 (Oct–Dec) in line with the ongoing economic recovery with government’ initiatives and increased market confidence providing an added growth impetus.  

Headlines Positives of 2020

Silver lining of 2020 for Indian real estate

Beyond the pessimism & optimism and, to some extent, more than expected recovery post the Covid-19 lockdown, the fact remains that 2020 has been by and large the most unforgettable year for the economy in general and the real estate market in particular. The old timers in the business even maintain that this has been even worse year than the global economic collapse after the Lehman crisis in 2008.

Editorial Ranjeet Mishra, ART Housing Finance

Is due diligence lacking in home finance?

In the financial sector, housing finance is relatively a new concept as the government took interest in the last two decades to diminish the housing problem in India. However, the participation of banks and financial institutions in the housing credit sector has swelled and the sector itself has evolved over the years, fuelled also by the concurrent evolution in government regulations in the sector and real estate industry as a whole.

Headlines Real Estate 2021

Catalysts of real(ty) change in 2021

Ever since the lockdown was imposed in March 2020 with Coronavirus scare at its peak, it seems the built environment of the Indian real estate is experiencing the Placebo Effect. The Placebo Effect is when an improvement is observed, despite an individual receiving a placebo as opposed to active medical treatment. In medical fraternity, it is estimated that 1 in 3 people experience the placebo effect. It seems every stakeholder, barring the home buyers, is experiencing the Placebo Effect in the property market.  

Editorial Aditya Kushwaha, Axis Ecorp

Shifting focus from metro cities to tourist destinations: Aditya Kushwaha

While the COVID-19 has by and large dented the confidence level of the real estate developers, Aditya Kushwaha, CEO & Director of Axis Ecorp believes there are silver lining for the players who are forward looking in their approach. In an exclusive interview with Track2Realty, Kushwaha asserts that the Work From Home trend would shift the focus from top metro cities to open spaces in and around the tourist destinations. He therefore urges the government to look at the Holiday Home segment as a priority sector.

Consumer Connect Housing Foreclosure, Fiscal Stress, Housing Defaults, Property Market Distress, EMI Defaults, Coronavirus & Housing Defaults, Property EMI Defaults After Covid-19

How foreclosure could be mitigated in Coronavirus hit housing market?

The statistics are scary for any salaried class across the cities of India who has an EMI to pay for his home purchase. The Indian Chamber of Commerce has estimated that the real estate would be witness to 65% defaults from the buyers of under construction projects due to Coronavirus hit lockdown. The estimation is not without its logical reasons. A CII snap poll of the CEOs finds that 52 percent of the companies surveyed foresee job losses, in their respective sectors.

Reports Foreclosure, Banking Defaults, Job Losses & House EMI, Salary Cut & Home EMI, Housing After Corona, Covid-19 and Housing

Foreclosure fears real; property not best hedge against crisis

If the Indian real estate was gasping for breath since long, Cronavirus has further pushed it to the ventilator. Track2Realty in an online poll finds that the challenge is no more limited to the unsold inventory, liquidity crisis & buyers’ reluctance, but to keep the existing buyers stay afloat. Job losses and salary cut threatens to make foreclosure a reality now.

Reports Force Majeure

Home buyers demand Force Majeure in accordance with law of natural justice

The good news is that the Indian home buyers do understand that the lockdown post the Coronavirus was neither in the hands of the builders nor could have been anticipated. They hence don’t object to the period of six months being declared to be Force Majeure. The bad news is that the home buyers across the country feel the government’s declaration of Force Majeure is not in accordance with the law of natural justice. Track2Realty Online Poll finds that the home buyers are demanding equal leeway in the housing market.

Column Swapna More, Kagaay

Prop-tech scenario post covid as compared to pre- Covid

For generations, real estate leaders were cautious in changing their business models. But in recent years there has been a significant change. So far the numbers have been on the lower side, but Covid 19, has initiated companies to adopt digital solutions at an unprecedented pace. According to a survey, digitisation is taking precedence across the sector and more than 90 percent of the occupiers and developers are aiming to bring a technological shift in their business operations within the next five years.

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