India Real Estate Latest Trends | Overview | Growth | Investments

April 26, 2021
Compact Housing Gains Traction in India: A Trade-off in Times of Covid-19

COVID-19 pandemic situation and the resultant lockdown have created a vital impact on Indian real estate. The magnified effect is not just applied to decreased sales but has also varied the equation of the business. Demand generation for larger residential spaces has encountered a sudden decrease accounting for “n” number of factors, including the need to re-infuse into liquidity to ensure traction in the compact housing segment back again.

Accounting for the crucial decisions taken by the buyers in the past few months, it is supposedly right to acknowledge that people have been moving away from the joint family HUF tradition, choosing to opt for entering into nuclear families lifestyle; rapid urbanization, a rising student community and migrant working professionals have also contributed to this trend. This section generally does not possess enough purchasing capacity for acquiring spacious home units. To cater to these needs the builders have effectively decimated the floor pan or area of the homes without varying on the property prices. This demand has compelled the real-estate developers re-design their way outs on the perfect size of units they can prefer to sell.

In India, investing in residential spaces is still a decisive step. Individuals invest in their life’s savings and incomes so as to own a premier property location in lieu of their earnings while purchasing a housing space. Henceforth, compact residential spaces make right decision for such investors including the potential buyers like NRIs looking to invest in property in India. Furthermore, compact residential spaces can provide a better rent yield than a large apartment. Concluding, the compact spaces are a win-win prospect for both the real estate developer and for homebuyers.

CREDAI Maha Requests for Realty Registration Extension & Fine Waiver

In a bid to acquire an extension for realty registration and fine waiver from the state government the apex of the Realty Developers’ body, CREDAI Maharashtra, has recently sought four months documents executed in December, 2020. The realty developers’ has addressed the IG of the Registration and Stamps department regarding the aforesaid. Also, the CREDAI has requested the state government to be lenient towards realty buyers/ developers and provide relaxation from the levy of fine given the

Housing Loan Interest Rate Contracts- SBI

State Bank of India (SBI), the largest public sector lender in a row on rate cuts on Saturday announced that it has contracted its housing loan rate of interest further. Housing loan will now be disbursed at a rate of interests starting from 6.7% onwards, effective from 1st of May, this FY 2021. Earlier this April also, the lender in a bid to infuse liquidity in the realty sector, SBI had levied cuts on housing loan interest rates i.e. 6.95% onwards based on slabs, effective 1st of April.

Sigh of Relief for COVID-19 Patients as M3M Group & IAF Ventures to Develop a Zero-cost COVID-19 Special Facility

In a bid to provide a free of cost and uninterrupted support of food and medical aid, including oxygen, for COVID-19 patients in Gurugram, Haryana M3M Foundation, a welfare wing of M3M Group, ventured with Indian Air Force to act upon this humanitarian cause in this need of the hour. Also, a mobile medical unit is set up for commuting any patient from the COVID-care centre to the COVID-19 special medical facility. Attending an online media event, Dr Payal Kanodia, Trustee, M3M Foundation here