Synopsis
Mishra was speaking on the launch of housing price index (HPI) in association with the industry body NAREDCO, which will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India s key residential markets.
Agencies
Online real estate portal housing.com with the global business school, Indian School of Business (ISB), said the HPI will provide monthly reports on price and quantity movement in various property markets across the country.
Real estate sector will contribute 10% of the GDP by 2030, according to Union Housing and Urban Affairs Secretary, Durga Shanker Mishra.
Mishra was speaking on the launch of housing price index (HPI) in association with the industry body NAREDCO, which will enable homebuyers, investors, real estate developers and policymakers to track high-frequency price movement in India s key residential markets.
Shopping centers turn to Constitutional Court to contest government regulation allowing few stores to operate at malls 2021-05-27 LETA/TBT Staff
RIGA - Valmiera shopping center Valleta filed a complaint with the Constitutional Court on behalf of large shopping centers of Latvia today, the Alliance of Real Estate Developers told LETA.
The complaint contests the Cabinet of Ministers regulation that was amended on April 7, creating unequal conditions and impacting retailers, shopping malls, the national economy and specific social groups.
The Cabinet Regulation on Epidemiological Safety Measures for the Containment of the Spread of COVID-19 Infection was amended on April 7, introducing restrictions on shopping center of more than 7,000 square meters in area, where only certain stores are allowed to operate as well as stores that have individual entrances. All other stores across Latvia are allowed to operate.
Listed realty developers’ sales share rises to 22% in April-December from 6% in FY17: Report
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Synopsis
Of the total sales of 93,140 apartments in the first nine months of 2020-21 across the top 7 cities, top 8 listed players’ share stood at 22% while non-listed leading players’ share was 18%. Non-branded developers accounted for a 60% share, showed data from Anarock Property Consultants.
Agencies
These companies together sold 21.23 million sq ft residential area between April and December 2020 despite the first wave of Covid-19, up 2% on year.
The overall housing sales share of the top 8 listed real estate developers is on the rise indicating homebuyers’ increased preference for their projects.
“It has hit the under-construction project very much and many projects have stuck at the last level. The sector is facing a shortage of funds, project sale has stalled and buyers are also facing after effect of the epidemic,” said Tiwari.
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