According to All Kerala Document Writers and Subscribers Union, the decision to impose a 20% increase in fair value may affect the real estate sector adversely and lead to recession.
Sanjeev Ahuja, an insolvency professional and founder of Insolvency Clinic, says a real estate project, unless it is a special purpose vehicle, is part of a corporate entity.
Allocation of at least Rs 25,000 crore for next fiscal alone shall boost the economy, create more jobs and attract huge investments,” said Rajan Bandelkar, President, NAREDCO.
While housing sales rose 34 per cent to 3,12,666 units in 2022 across eight major cities, the gross leasing of office space increased 36 per cent to 51.6 million square feet.
In 2021, retail real estate attracted only USD 77 million in institutional investments because of the adverse impact of the COVID pandemic on businesses in shopping malls.
In 2022, the repo rate went up by almost 225 bps, and home loan interest rates too went up concurrently.
Finance and Insurance was the best-performing sector with regards to sales, while real estate and business services saw the slowest expansion in fresh orders.
Global and domestic factors will play a significant role in the performance of equities, bonds, gold, fixed deposits and real estate this year
However, the construction of projects such as Bhogapuram international airport will give a flip to the realty sector.
In its latest report, housing brokerage firm PropTiger has mentioned that unsold inventory rose 17 per cent in 2022 to 8,49,510 units across eight major cities.
Ahmedabad emerged the most affordable housing market in the country with an affordability ratio of 22 per cent followed by Kolkata and Pune at 25 per cent each in 2022.
The report also said that backed by favourable policy initiatives and growing investments, space take-ups by firms are expected to gain momentum.
The 50 apartment units, proposed in 2014, were to be handed over to the buyers on different dates in 2016 and 2017 but it never happened, said advocate Prashanth Mirle.
When we buy shares, we get dividends and we get an appreciation of the share price. When you are young and building your portfolio, you should be buying shares in companies that are growth-oriented.
Anuj Puri, chairman of ANAROCK Group, says that the hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive rate hikes this year.
Under this code, homebuyers are now considered at par with banks and other institutional creditors when it comes to recovering dues from developers who have gone bankrupt.
At present, there are four Trump projects in India -- Trump Tower Delhi-NCR, Trump Tower Kolkata, Trump Tower Pune and Trump Tower Mumbai.
The DCW has asked the managing director of the company to appear before the Commission on December 9 and provide an action taken report.
REITs have emerged as a strong investment alternative, due to market volatility and inflationary pressures which have led investors to view REITs as an asset diversification strategy.
The price of new homes contracted 1.6 per cent year-on-year, their sharpest decline since August 2015, analysis of figures from Beijing's National Bureau of Statistics (NBS) showed.