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Realtors expected more from RBI MPC


Realtors expected more from RBI MPC
Posted On:
2021-04-07 04:37:54
(Time Zone: Arizona, USA)
The RBI has maintained its accommodative stance until it sees an appropriate time to drive economic growth without jeopardizing its key goal of taming inflation. With the recent increase in Covid 19 incidents, the Apex bank is faced with the challenging task of balancing inflationary pressures to avoid a rise in borrowing costs. To keep inflationary pressures in check and sustain financial stability, it is expected that the central bank to pursue policy normalization in the second half of FY22. While it is understandable that the repo rate remains unchanged, the real estate sector s need for special steps cannot be overlooked. ....

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NCR witness 111% jump in new launches


NCR witness 111% jump in new launches
Posted On:
2021-04-06 22:15:11
(Time Zone: Arizona, USA)
Delhi NCR market has performed much better than all other major cities in terms of new launches as the region witnessed a jump of 111% in Q1 2021 over Q4 2020. The next close city is Chennai that saw a jump of 74% in the same period, and Pune with 57%. According to JLL Q1 Residential Market Update - Q1 2021 report, The markets of Delhi NCR and Chennai witnessed a substantial increase in launch activity during the quarter. New launches are still at 84% when compared to the pre-Covid levels of Q1 2020. Developers across the markets under review remain focused on the completion of under-construction projects and clearing their existing inventory. ....

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YEIDA: Infrastructure projects on Yamuna expressway will help recovery of real estate sector, say developers


Synopsis
“Besides Noida and Greater Noida, the biggest and the most effective positive impact will be seen on the housing, office and retail market of Faridabad which is being connected with expressways, highways and metro rail for easy accessibility,” said Mohit Goel, CEO, Omaxe Ltd.
First look: Proposed Jewar Airport passenger terminal in Noida, UP
Approval of a 700-acre Electronic City project near the upcoming Noida International Airport by the Uttar Pradesh cabinet will further boost the real estate demand in Noida, according to developers.
The Yamuna Expressway Industrial Development Authority (YEIDA) will acquire land for the project and allot it to the companies. ....

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