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Strong Recovery In Residential Housing Sector Driven By Pent-Up Demand And Robust Consumer Sentiment: RBI Report
- June 1, 2023
- Real Estate News
Burgeoning credit growth, particularly in housing and personal loans, indicates steady domestic household demand Pent-up demand and robust consumer sentiment for home ownership in the aftermath of the pandemic underlay strong recovery in the residential housing sector in 2022-23, as per RBI’s latest annual report. In 2022- 23, housing...
India Bulls Real Estate Q4 results: Net Loss Widens To ₹376 Cr, Revenue Dips 51% YoY
- May 31, 2023
- Real Estate News
India bulls Real Estate is a small cap real state company that recorded a market cap of ₹3,595.10 Cr during Tuesday’s closing session. In terms of residential and commercial properties, India bulls Real Estate it was established in 2006 with a focus on building and developing residential, commercial, and...
Powerful Thunderstorm Hits Uttarakhand, 4 Killed In Separate Incidents
- May 30, 2023
- Real Estate News
A child was killed and three were injured when a 100-year-old papal tree uprooted by the storm fell on them in the Jalalpur area of Haridwar district. A powerful thunderstorm accompanied by rain hit various parts of Uttarakhand, uprooting trees and killing at least four people in separate incidents,...
Property Prices Set To Soar In Uttarakhand After Lok Sabha Polls
- May 29, 2023
- Real Estate News
Real estate prices are likely to rise after the general elections as a lot of election expenditure will find its way to this sector. SP Sharma, chief economist of the PHD Chambers of Commerce, said past trends from the general elections have shown that the real estate sector witnesses...
Greater Noida Authority Sells 23,600-Sqm Builder Plot For Rs 110 crore
- May 27, 2023
- Real Estate News
The Greater Noida Industrial Development Authority (GNIDA) has sold a 23,600-square-meter (sqm) plot in Sector Zeta One for Rs 110 crore, a move that will pave the way for the construction of around 1,100 new flats on this piece of land, officials privy to the development said. They added...
Builders see No Rush As Cash At Play Is a Small Amount Now
- May 26, 2023
- Real Estate News
However, it is unlikely that sales momentum will be significantly affected solely due to this change, as many developers are already inclined to avoid transactions involving substantial cash components. The Reserve Bank of India’s decision to phase out the Rs 2,000 currency bill could potentially have a moderate impact...