Anarock had earlier revealed that 16%, or $14 billion, of overall lending to India’s real estate sector is under ‘severe’ stress, while nearly 62%, or around $58 billion, is completely stress-free. The remaining 22%, or $21 billion, of loan amount is under pressure but can potentially be resolved. Interestingly, of the total real estate loans of $93 billion in the country, NCR, MMR and Bangalore together account for a whopping 80% share, or $74 billion, according to Anarock. … [Read more...] about Nearly 25% loans given to real estate developers in Mumbai under ‘severe’ stress: Report
Sunny day real estate
Not just projects, real estate agents or brokers also need to register themselves under RERA in order to facilitate a deal or transaction. The compulsory registration for brokers not just adds accountability and transparency to the whole process, it also filters out inexperienced, unprofessional and unethical brokers who do not follow the guidelines. … [Read more...] about Kerala’s real estate sector to finally get its regulator K-RERA on January 1
For those unaware, REIT is an investment tool that owns and operates rent-yielding real estate assets. After listing, units of REITs can be traded on stock exchanges like shares and securities. The biggest benefit of REITs is that they provide an option to small retail investors to invest in high-end commercial real estate which was out of reach earlier due to the extremely high ticket size. … [Read more...] about Want to invest in commercial real estate? Keep an eye on Mindspace REIT IPO
"You spend all this time looking, you get lawyers to review contracts, you leave work early to get to auctions only to find people a lot older than you are buying for their kids," she said. … [Read more...] about Are real estate agents underquoting, or beating expectations in a rising property market?
With the enactment of the Real Estate (Regulation and Development) Act, 2016 by the centre, each state has to set up the regulatory body, RERA. The body is empowered to oversee the real estate sector and resolve grievances of all stakeholders. Though the central legislation came into effect by mid-2017 and a few states subsequently established the regulator, there has been a delay in constituting it in Kerala even as an apex court order to raze four high-rises in Maradu over legal violations and procedural irregularities highlighted the need for such a mechanism. … [Read more...] about Real estate watchdog, RERA, comes up in Kerala; know the new norms for flat construction