The plan, approved by the National People's Congress Standing Committee, China's top legislative body, is designed to guide rational property buying and will last for five years
Investors appear to have paid heed to the negative aspects in the recent past
Average property prices saw a 3 per cent yearly increase across the top 7 cities
Realty portal Housing.com on Friday said online searches for residential properties on its platform increased in June after witnessing a decline in preceding 2 months, owing to second wave of pandemic
Shriram Housing Finance has drawn up an aggressive growth trajectory for the next two years with a plan to close the loan book at around Rs 5,600 crore this fiscal, and end FY24 at Rs 10,000-cr mark
The Indian real estate market is estimated to touch $1 trn by 2030 driven by rising demand and various reforms in the past seven years, Housing and Urban Affairs Secretary Durga Shanker Mishra said
Bengaluru-based developer Puravankara has initiated a similar increase in prices
Chances of realty prices declining further are slim
The company's sales bookings stood at Rs 101 crore in the year-ago period, Mumbai-based Sunteck Realty said in a statement.
A total of 21,839 new units were launched in these markets during April-June, lower by 59 per cent compared to the launches in January-March.
This came on the back of strong demand driven by low-interest rates on home loans amid the Covid-19 pandemic.
Joyville, which is a Rs 1,240 crore platform established by Shapoorji Pallonji, ADB, IFC and Actis, has so far launched six housing projects in four major cities.
All India Housing Price Index rose 2.7% YoY in Q4FY21. Going forward, movement in HPI would be influenced by demand-side factors as well as inventory levels
The firm agreed to buy single-family rental company Home Partners of America Inc
This was due to higher provisioning for bad loans.
The government has taken various measures in the Budget of last seven years to spur growth in the real estate sector, he added.
The second wave of Covid-19 and the rollback of the stamp duty cut in Maharashtra impacted the housing sales in April, showed a report by Knight Frank India
The Indian realty landscape with conducive government policies and multiple incentives registered 20 per cent hike year-on-year sales in January to March: report
Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions
Analysts, however, suggest investors remain selective on realty stocks and buy only where there is revenue visibility and a credible promoter backing