Author
The author is Chairman - ANAROCK Property Consultants
The Indian housing sector remained upbeat in 2024 till date, with housing sales and new launches creating new peaks in the top 7 cities. Sales reached an all-time high at about 4.93 lakh units in FY23-24, while 4.47 lakh units were launched
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This rise in interest rates will ultimately impact overall acquisition cost for homebuyers - and may dampen residential sales to some extent
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Redefine the definition of affordable housing criteria to extend the benefit of additional deductions to more buyers
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Festive season 2021 is unique in many ways. There is also a lot of demand for homes — both old demand (pent up from before the Covid-19 pandemic) and new demand — coming from people who were content with renting homes previously. One of the most defining features of today’s housing demand is that even the millennials are now on the market for homeownership.
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Covid-19 has in many ways altered the way real estate now conducts business
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NRIs are among the most important drivers of residential and commercial real estate in the country. As such, the NRI community had high expectations from Union Budget 2021-22 - and while the hoped-for key tax reforms did not materialize, they were not disappointed.
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Real possibility of a holistic and sustainable recovery cycle taking hold in 2021 and beyond
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The government has proposed guidelines that enforce rental contracts and protect the rights of landlords as well as tenants. As per the draft Model Tenancy Act, 2020, the government has laid down various proposals. Some notable features include:
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Offering coworking spaces as an added feature in residential or mixed-use developments is definitely a timely notion.
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Under this scheme, vacant government-funded housing in urban cities will be converted into ARHC via the PPP model and be rented out to migrants at concessional rates.
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