It’s tangible, it’s solid, and it’s beautiful. It’s artistic from my standpoint, and I just love real estate.
India is facing a 22.7 million units housing shortage and trying to cover the gap in just seven years by 2022 is ambitious.
A policy move that was the stricture given to the banks by the Governor of the Reserve Bank of India, Raghuram Rajan. In no uncertain terms, he told the country and the banking community that there would be no sops if the benefits of basis point cuts are not passed on to the consumers. Within hours of this chiding, three leading banks have dropped interest rates on home loans. Many others have followed.
Stable prices in real estate are bringing the NRIs back to the country. Read full article here
PropEquity recently published the rankings for 2015. Clearly Bangalore has been a winner defying all odds and Pune retains its position. Chennai has improved its position while Mumbai dropped down to the eight position.
Another landmark report by Reuters is the passing of the bill by Indian Cabinet to relax the investment by the foreign funds (REITs) in Indian real estate. This landmark bill is expected to boost the growth of the real estate sector. This resulted in the collaboration between Nitesh builders and Goldman Sachs for multi million collaboration. Read the article here.