Search Results: residential property prices (512)

Consumer Connect Myth & Reality of Home Buying, Festive Sales in Housing, Festive Offers in Property Market, Festive Offers in Home Purchase, Festivals and Home Buying

Festive home sales! Reality versus narrative

I often get amused when I get into the details of the industry survey that shouts at the top of its voice – “All is Well”. Some of these industry reports claiming the business to be witness to higher consumer sentiment are based on the feedback of connected parties like developers, banks, financial institutions and private equity players. All in all, it’s a family cycle where everyone is desperate to beg, borrow or steal for sale. The most important stakeholder – the home buyer – whose sentiment is being tracked is better left out in this mutual appreciation club of vested interests. 

Headlines Festive Home Sales, Festive Property Sales, Housing Sales in Diwali, Property Market on Diwali

Catalysts of real(ty) optimism on festive season

Will the festive season of 2021 change the course of real estate is something that most of the analysts are curious to see. The festive season has just started and it is too early to guesstimate the exact sales volume & value growth at this point of time. But with a closer look at the Indian housing market one can probably vouchsafe that there are more catalysts of optimism than pessimism. How far this optimism is sentiment driven and to what extent the economic fundamentals support the business take-up is something that needs to be evaluated.

Editorial Sanya Seren, Warren Buffet, Berkshire Hathway HomeServices, Orenda India, Property Brokerage, Property Agents, IPC

Huge scope across Indian Tier-II & III cities: Sanya Aeren, Chief Advisor, Berkshire Hathway HomeServices & Orenda India

Berkshire Hathway HomeServices, the real estate brokerage arm of global investor Warren Buffet has entered into the Indian market through its tie-up with Orenda India. Sanya Aeren, its Chief Advisor-Marketing & Communication, says the global best practices of Berkshire and the huge untapped opportunities in the Indian market would position this alliance into the top league. In an Exclusive Interview with Ravi Sinha, she spells out her plans to organize the property brokerage, penetrate deep into the market and also give a new experience to the investors. Excerpts of the interview:

Consumer Connect Realty Stocks

Cost & benefit of real estate, stocks & realty stocks

The Nifty Realty Index that touched a low of 162.13 on 19th May in the post Covid mayhem has now scaled up to 280.00 (First week of December). The BSE and Nifty also surged more than 50% since the March lows, thus making the Indian stock market one of the best performers across the world. India’s only REIT, Embassy Office Park that scaled down at INR 319 is back in the range of 350 with a forecast of crossing 400. The second REIT, Mindspace Business Pak that was over-subscribed 12.96 times in the month of August this year, is also on its growth curve.   

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.

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.

Headlines Real Estate Deals, Real Estate Discounts & Freebies, Real Estate Festive Offers, Festive Deals in Housing Market

The ‘real’ deal in festive season 2019

The festive season has traditionally been an active period for real estate sales as many buyers consider Navratri and Diwali an auspicious time to buy property. Like in previous years, developers this year have sweetened property deals – some up-front discounts, or more commonly 0% GST (which is in any case not charged on ready-to-move properties), waived stamp duty and registration charges, free reserved car parking, modular kitchens, etc.

Headlines Festive Discounts & Freebies, Home Buying Offers in Festive Season, Real Estate Festive Offers, Property Offers in Festive Season

Festive schemes make it a buyer’s market

There has been a slump in the market. Huge unsold inventory has forced firms to not increase their rates. As a result, prices have remained range bound. With fewer launches, market is ready for homebuyers willing to take the buying decision. The unsold inventory during first nine months (July-September) of 2019 was 444,673 units, registering a small drop as compared to the corresponding period in 2018. While there has been a revival of sorts in sales since 2018, developers are still not out of the woods.

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