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Luxury housing sales in Delhi-NCR rise in 2020, supply reduces

Despite the pandemic, luxury housing (priced >INR 1.5 cr) in Delhi-NCR performed reasonably well in 2020. Of the total housing sales of ~23,220 units...

RBI decision is on expected lines, say real estate players

The real estate industry is not surprised by the RBI’s decision to keep the repo rate unchanged. It is very much on the expected...

Decoding FM’s Limited-Period ‘Safe Harbour’ Ordinance

  Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants COVID-19 in 2020 caused much upheaval across sectors including Indian real estate. Though residential property...

GNIDA to build 10k flats under PMAY

The Greater Noida Industrial Development Authority (GNIDA) has decided to build 10,000 affordable homes for the economically weaker sections (EWS) and low income groups...

900 projects get more time for completion

Developers of nearly 900 projects — incomplete and under-construction — that suffered due to the pandemic will be given an extension of six months for completion,...

Noida Authority relief on payment of lease

In a major relief to homebuyers and developers, the Noida Authority has allowed lease on its property for group housing projects to be paid...

Restricted new supply helps Noida, Gr Noida shed unsold stock by...

An ANAROCK report Amidst restricted new supply in Noida and Greater Noida in 2020, unsold housing stock there reduced by as much as 12 per...

Ficci welcomes move to reduce premiums

The Federation of Indian Chambers of Commerce and Industry (Ficci) has welcomed the Maharashtra Government’s move to reduce premiums charged by the civic authorities. This...

Premium cut to give boost to Mumbai’s real estate: ANAROCK

The Maharashtra Cabinet’s approval to 50 per cent reduction in premiums will definitely give a boost to Mumbai's real estate industry, according to Anuj...

Economic impacts on realty in 2020 and ’21

The Indian Economy in 2020 The economic contraction of 23.9% in Q1 FY’21 was among the worst in the history of independent India. The COVID-19...

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