Page 2 - Real Estate Sector In India

Piyush Goyal asks property developers to cut prices to survive downturn

Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.

Top headlines: Google faces antitrust case in India, Ola buys Dutch firm

Business Standard brings to you the top headlines of the day

RBI's 40 bps rate cut to revive auto, real estate sales, say CEOs

Rise in group exposure limits to help large corporates

India Inc welcomes RBI's rate cut, says will revive demand in auto, realty

Falling rates to help; rise in group exposure limits will support large companies

Reality of realty post-Covid-19: Here're factors that may impact growth

With the Covid crisis continuing to wreak havoc in the market, its short-term impact in the coming 6-12 months is likely to be quite a dampener for the recovery of the real estate sector

Embassy Office Parks REIT to gain from Covid-19 situation, says CEO

While the Covid-19 pandemic has resulted in an uncertain near-term outlook for many businesses worldwide, Holland said Embassy REIT is uniquely positioned to weather the pandemic

UP constitutes panel to reboot real estate sector amid coronavirus crisis

A large number of housing and commercial projects are lying stuck in UP. Besides, the ongoing projects are also witnessing cancellations by investors and buyers because of the dip in earnings

Govt move to extend project timelines will help stressed realtors: Experts

Home buyers, on the other hand, will have to wait longer to take possession

Godrej Properties Q4 PBT falls 23% on five-fold spike in raw material cost

Revenue up 10%, firm claims it posted its best-ever quarterly performance in terms of value of real estate sold

Won't cut flat price after lockdown is lifted: Godrej Properties MD

In a Q&A, Mohit Malhotra says his firm used technology to boost sales during lockdown and explains how consolidation in the industry will help the company once the curbs are lifted

Real estate firms bank on tech tools to generate sales amid lockdown

From Zoom calls to virtual experience centres, they are trying out everything possible to generate sales at a time when bookings have dried up.

Mumbai's prime residential market may witness a price decline of 3%: Report

According to Knight Frank's Prime Global Residential Forecast, in 2021 Mumbai's prime residential market is expected to witness a price decline of 3 per cent.

Covid-19 outbreak: Real estate majors rule out price cuts after lockdown

Despite fall in sales, supply constraints may keep prices firm

Sell unsold units at 'no-profit-no-loss' to boost liquidity: Nitin Gadkari

The outbreak of coronavirus disease has impacted the real estate sector, which was already reeling from the demand slowdown, the road, transport and highways minister said

Lodha group says it sold 300 apartments across projects during lockdown

Developer claims 80 units were sold on Sunday (April 26) across its residential portfolio with a high preference for ready-to-move inventories

It will be survival of the fittest in the long run: Oberoi Realty CMD

There will be a huge supply constraint and this in turn will continue to maintain the prices, or may even push the price of ready flats up, Vikas Oberoi says

Housing sales fall 26% in Jan-March, new supply dips 51%: Report

New launches too fell by more than a half to 35,668 units from 72,932 flats during the period under review

Top headlines: Goldman downgrades Indian mkts, Asia to clock lowest growth

Business Standard brings to you a snapshot of events that made the headlines today

Realty developers may see a 20% fall in housing prices, says Deepak Parekh

He said it was an excellent buying opportunity for potential homebuyers with job security and savings.

Coronavirus outbreak: A 21-day lockdown may have cost India Rs 8 trillion

The sectors that have been most impacted are transport, hospitality, and real estate