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The RBI will constitute an Expert Committee which shall make recommendations on the required financial parameters, along with the sector specific benchmark, to be factored into debt resolution plans
Sentiment was buoyed after the 23rd Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index Q42019 survey showed that the sentiment of the stakeholders in India have revived to the optimistic zone
State Bank of India on Wednesday launched Residential Builder Finance with Buyer Guarantee scheme to safeguard home buyers financially.
At the bourses, most real estate stocks have given a healthy return in CY19. Godrej Properties, for instance, has rallied 37 per cent.
The AIF will be a special window to provide priority debt financing for completion of projects in the affordable and middle-income categories.
For flats priced more than Rs 45 lakh, the new GST rate applicable from April 1, 2019, stands at 5 per cent, against 12 per cent, earlier.
Ansal Properties & Infrastructure, Marathon Nextgen Realty, DB Realty, Purvankara, HDIL and Sobha were down in the range of 4 per cent to 6 per cent on the BSE.
Nifty Realty above 100-WMA after 6 months. Has the downward trend reversed?
A genuine demand recovery in the sector, experts say, is still some time away even as the prices continue to spiral down.
Look at sectors like housing finance, material suppliers that would benefit from recovery in housing
Analysts at Edelweiss Securities remain constructive on the sector
Some experts, however, warned that RERA would only be beneficial for large listed developers