MHADA: In 4 installments builders can pay premiums

By Accommodation Times Bureau MUMBAI Maharashtra Housing and Area Development Authority (MHADA) has passed the proposal on November 10 stating that now in four installments builders can pay the premiums they owe for the redevelopment of old Maharashtra Housing and Area Development Authority colonies. After a slow down in the real estate industry, the Maharashtra Chamber

Property prices fell after note ban, likely to go down further: Economic Survey 2017

By Accommodation Times News Bureau. Real estate prices have fallen following the demonetisation move and are likely to go down further as investing undeclared income in real estate will become difficult, says the Economic Survey. One of the aims of demonetisation was bringing down real estate prices, chief economic adviser Arvind Subramanian said after the economic

Mall supply to gain momentum, approx. 11 msf expected: Cushman & Wakefield

Accommodation Times News Service Coming in the wake of demonetisation, a recently released report by Cushman & Wakefield has estimated approximately 11 msf of mall supply to become operational across the eight cities of Ahmedabad, Bengaluru, Chennai, Hyderabad, Mumbai, Kolkata, NCR, and Pune. The report claimed that Hyderabad, which is among the

Housing launches and sales plummet in Mumbai post demonetisation: Report

Accommodation Times News Service The Real Estate market in Mumbai ended up taking body blows in the second half of 2016 fiscal year as housing launches and sales nosedived  by 53% and 26% respectively on account of demonetisation, a Knight Frank report claimed. "The announcement of demonetisation of high value currency notes on 8

We foresee a friendly budget this time: Himanshu Kanakia, MD, Kanakia Spaces

Accommodation Times News Service The Real Estate industry has witnessed several positive movements in 2016. Real Estate sector contributes close to 12 – 15% of the GDP and is connected to many ancillary industries. The budget is a precursor for the year and a platform to announce policies. However, apart from the budget, the

NAREDCO demands creation of National Fund to finance needy projects

Accommodation Times News Service The National Real Estate Development Council (NAREDCO), the apex body of real estate sector, under the aegis of Ministry of Housing and Urban Poverty Alleviation, Government of India, has asked Government to introduce necessary reforms in the upcoming Union Budget to revive the troubled real estate sector

Realty take a hit post demonetization; residential sales plummet by 23%

Ashvita Singh Accommodation Times News Service Owing to government’s demonetisation move on November 8, 2016, realty sector was brought to complete standstill with 23% fall in the residential sale across top eight in July-December, a report by Knight Frank said.   “The fourth quarter numbers are a testament to the effect that the