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Arun Gupta
Arun Gupta

Peripheral cities see higher home loan growth between 2012-13 and 2017-18

India's home loan market grew at CAGR of 16%, indicating healthy demand for housing.India's smaller property markets in tier II and III cities have been witnessing higher growth as against large metros. Around 50 districts of the country have exhibited higher Compounded Annual Growth Rate (CAGR) of outstanding home loans, ranging from 15% to 36% be...
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Arun Gupta

Finance minister seeks consultants for sale of PSU land, buildings

NEW DELHI: The finance ministry is scouting for consultancy firms for assistance in selling land and building assets of public sector companies as it works towards achieving the stiff sell-off target of Rs 90,000 crore for 2019-20.The Department of Investment and Public Asset Management (DIPAM) has floated a Request for Empanelment(RFE) to empanel ...
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Arun Gupta

Manufacturers have jacked up cement rates, charges CREDAI Chennai

File photo Briefing reporters at a press conference here on Monday, Confederation of Real Estate Developers' Association of India (CREDAI) Chennai chapter president W S Habib said waiting period for cement had increased.Yogesh Kabirdoss | TNN CHENNAI: A month after cement manufacturers spiked the prices of cement, developers have charged ...
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Arun Gupta

Soon, You Will Get Lower Loan Rate With Home Cover

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Home buyers may soon get cheaper credit or more loans. All they need to opt for is property insurance.National Housing Bank, the regulator for housing-finance companies, is working on a broad framework with the Insurance Institute of India, which could reduce home loan rates by about half a percent if borrowers opt for an insurance cover, aimed at ...
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Arun Gupta

CREDAI To Soon Launch 200 Housing Projects Across The Country

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Confederation of Real Estate Developers Associations of India (Credai) is to launch 200 housing projects across the country to contribute to PM Narendra Modi's target of providing houses to all by 2022, said its new chairman K Subba Raju.Addressing the media here on Monday, Subba Raju said the project will be launched by Union urban housing develop...
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Arun Gupta

Why 2017 Is The Best Year To Buy Affordable Houses

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Over 1.66 crore applications for various credit linked subsidies for housing loans have been received through various channels by the government in the past few months. In a country where online internet penetration is a mere 37% overall and 62% urban, this data available with the Ministry of Housing and Urban Poverty Alleviation shows that digital...
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Arun Gupta

4 Reasons Why Residential Real Estate Prices Will Rise Post RERA

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RERA has been implemented with the purpose of enhancing transparency, mitigating information asymmetry and applying a uniform 'code of conduct' for developers across various states. It seeks to reduce the volatility seen in the real estate sector in the past, and eliminate the trust deficit between the two primary industry stakeholders - builders a...
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Arun Gupta

Will GST Make Homes Expensive?

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Come July 1, under-construction projects will attract a goods and services tax (GST) rate of 12%. Amid all the hullabaloo over the unified tax regime in the country, speculation is rife on would it lead to a hike in property prices?The members of CREDAI (RNE) Raj Nagar Extension, believe that property prices will go up once the new tax regime kicks...
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Demand Pattern In Residential Real Estate Changed In 2017: Sunil Agarwal, RICS

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Sunil Agarwal, FRICS, Associate Dean and Director, School of Real Estate, RICS School of Built Environment, Amity UniversityIt has been an action packed year for the real estate sector. The year 2017, saw the implementation of two historic legislations, the Real Estate (Regulation and Development) Act, 2016 and Goods and Services Tax (GST), which w...
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Arun Gupta

Real Estate Still Remains Desirable Asset For All India

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Pune: In a year marked with a series of policy changes to bring in more transparency, real estate remained a desirable asset for Indians as more than 15 lakh people actively searched to buy property in 2017, according to a report released on Wednesday."How India searched for Homes in 2017", prepared by online realty site Magicbricks, analysed consu...
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