Real Estate Slowdown
Buyers confined indoors, realtors switch online to conduct businesses
The Hiranandani group of developers also had some deals seeing online closure
 "Buyers confined indoors, realtors switch online to conduct businesses")
Coronavirus lockdown to delay realty projects, affect sales, says Anarock
India Ratings and Research said on Wednesday that the lockdown imposed by state governments would hit infrastructure construction in the big cities
Banks facing slow credit offtake, flow to realty needs to improve: RBI Guv
Real estate developers, battling a prolonged slowdown in demand, are struggling to raise funds to construct or complete projects
 "Banks facing slow credit offtake, flow to realty needs to improve: RBI Guv")
Budget 2020 wishlist: Here are the key challenges for real estate sector
Although residential sector continues to face head winds, there could be opportunities brewing in the distressed space
 "Budget 2020 wishlist: Here are the key challenges for real estate sector")
Realty sector welcomes stimulus for stalled projects, but says more needed
They rued that the government has not adequately addressed the issue of demand slowdown and lower sales
 "Realty sector welcomes stimulus for stalled projects, but says more needed")
Around 58% luxury apartments still unsold in Mumbai, says Icra report
Total value of unsold inventory in central Mumbai is estimated to be Rs 45,000 crore, while that for Mumbai city stands at Rs 83,000 crore
 "Around 58% luxury apartments still unsold in Mumbai, says Icra report")
NBFC-HFC lending to reality players down 48% in FY19 at Rs 27K cr: Report
Lending to real estate developers by non-banking finance companies and housing finance firms (HFCs) fell by almost half to about Rs 27,000 crore because of liquidity crisis triggered by IL&FS default in September last, according to a report by property consultant JLL. With large non-banking finance companies (NBFCs) and HFCs shying away from fresh lending to real estate developers, smaller ones have come to the rescue of builders and provided Rs 4,000 crore fund during the second half of the last financial year, it added. "Default by leading NBFC - Infrastructure Leasing & Financial Services (IL&FS) in scheduled payments led to a liquidity squeeze in the real estate sector since September 2018," JLL India Country Head and CEO Ramesh Nair said. NBFC and HFC funding was normal during April-September 2018, but due to the crisis, the lending slowed down substantially during the second half of 2018-19, considered to be the peak period for lending activities. "In 2018-19, net ...
 "NBFC-HFC lending to reality players down 48% in FY19 at Rs 27K cr: Report")
Real estate slowdown a myth? Home loan disbursements grew 23% in 2016-17
NHB data show a win for affordable housing; loans of up to Rs 25 lakh were 76% of all disbursements
 "Real estate slowdown a myth? Home loan disbursements grew 23% in 2016-17")
