Residential sales up 13%, launches rise 19% in January-March: Report

BANGALORE | MUMBAI: Residential property market is witnessing green shoots with housing sales growing 13% for the fourth quarter of 2016-17. The surge in the volume was primarily driven by Mumbai, Pune and Bengaluru, which together accounted for 57% of total sales across top-9 cities during the quarter ended March, said a PropTiger.com report. Total residential sales increased to 51,700 units during the quarter from … Continue reading Residential sales up 13%, launches rise 19% in January-March: Report

Primary sales market to go up in large cities 2017: M Murali, Shriram Properties

By: M Murali, Managing Director, Shriram Properties With the new Government at the centre, we have been witnessing series of radical and transformational reforms – Demonetisation, Real Estate¬†Regulator Bill (RERA), FDI relaxations, GST, Benami Transactions (Prohibition) Amendment Act, Change in Accounting standards IFRS – all coming in a row and in quick succession. Obviously, the year 2017 will see the Indian real estate sector to … Continue reading Primary sales market to go up in large cities 2017: M Murali, Shriram Properties

Housing market to thrive in 2017: Irfan Razack, Prestige Group

By: Irfan Razack, CMD, Prestige Group & Chairman, CREDAI National As far as the industry is concerned, we have been facing certain challenges like the new TDR regulations. There‚Äôs also the RERA bill, which is likely to get notified very soon. The GST laws will get notified in the next few months as well. So the industry is looking at a series of new laws … Continue reading Housing market to thrive in 2017: Irfan Razack, Prestige Group