Real estate industry 2021: What can the sector look forward to? Is the worst behind us?
How the budget pans out for the real estate sector, only time will tell, but one thing is for sure, strong fundamentals are vital for the revival of housing demand
Dhruv Agarwala | January 21, 2021 | Updated 14:59 IST
The pace of revival can quicken, provided the government extends a helping hand and injects enough stimulus to boost the sector and the overall economy
The year 2020 was meant to be a year of recovery for the Indian real estate sector, especially the housing segment. After three years of business disruptions caused by demonetisation, implementation of GST and the realty law RERA, and the NBFC crisis, the market had started stabilising.
DDA to launch new scheme on Saturday
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The Delhi Development Authority (DDA) on Thursday said a new housing scheme will be launched on January 2 and the portal for applications will remain active till February 16.
Under the new scheme, around 1,350 flats across categories will be made available, said DDA officials. “Approximately 1,320 flats of various categories at Dwarka, Jasola, Mangalpuri, Vasant Kunj and Rohini will be provided. The Scheme will be linked to ‘Credit Linked Subsidy Scheme’ under the Pradhan Mantri Awas Yojana – Housing For All (Urban) scheme,” an official said.
‘Completely online’
“The scheme will be launched completely through the online mode through the newly developed AWAAS software of DDA.,” a statement by DDA read.
Big Story | Four reasons why it is a good time to buy a house now
Bavadharini KS
BL Research Bureau |
Updated on
December 19, 2020
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You can act now on your desire to buy a house, provided you have a stable occupation and steady cash flows
A house property is considered one of the most valuable assets for an individual and the lifetime goal of many is owning one. The Covid-19 outbreak has, no doubt, made potential home buyers a bit jittery, with pay cuts and, in some cases, job losses as well.
But at the same time, the pandemic also presents an opportunity, with interest rates at multi-year lows, stable housing prices and sops for home buyers from the government to encourage them to take the plunge.
More than 200 years ago, when Thomas Malthus, a British population scientist, wrote that population growth is destined to be checked by natural resource depletion and inevitable human want and misery, he was primarily emphasising on subsistence and food - a topic that hardly features in our discussions around sustainability today.
A discourse that was thereafter mostly buried within academics, especially demographers and economists, found prominence only when The Club of Rome commissioned a study to a team led by Donald and Donella Meadows at the Massachusetts Institute of Technology (MIT) in 1972. The team at MIT simulated a computerised world model and entered into it data assuming that population, industrial production and pollution would continue to grow exponentially in the future as they have in the past. They predicted that as of 1972, the limit was only a generation away.
FM reviews Aatma Nirbhar Bharat package implementation; here s what numbers say
The Central Board of Direct Taxes (CBDT) has issued refunds of over Rs 1,45,619 crore to more than 89.29 lakh taxpayers between April 1 and December 8.
BusinessToday.In | December 13, 2020 | Updated 16:58 IST
FM Nirmala Sitharaman has reviewed the implementation of three Aatma Nirbhar Bharat packages
Finance Minister Nirmala Sitharaman on Sunday reviewed the implementation of three Aatma Nirbhar Bharat packages, which were announced this year to help the economy tide over the COVID-19 crisis.
The Finance Minister had announced the Aatma Nirbhar Bharat Package 1.0 in a series of press conferences from May 13 to May 17. Subsequently, the Aatma Nirbhar Bharat Package 2.0, and 3.0 were announced on October 12, and November 12, 2020, respectively.