Realty Set To Get Big Dent, Especially Secondary Market – Financial Express – 10-Nov-2016

November 10, 2016 / 0 comments

The demonetisation of the R500 and R1,000 notes will adversely impact the real estate sector in terms of pricing and sales of units, particularly in the secondary market, according to developers and consultants. However, the move is expected to bring in some transparency in the sector, which generally has the reputation of being a safe…

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Real Estate Takes A Hammering But Experts Say Stability Coming – Hindustan Times – 10-Nov-2016

November 10, 2016 / 0 comments

The real estate sector that has been accused of hitching its fortunes to illicit funds suffered a body blow after the government scrapped high-value banknotes in a blitz against black money and corruption. Realty stocks ended 17.5% lower on Wednesday while property prices, according to conservative estimates, slumped about 25% in Delhi and Gurgaon after…

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Property Deals In Deep Freeze – Times of India – 10-Nov-2016

November 10, 2016 / 0 comments

It’s not a good time to be in real estate. As people got over the initial shock of the government’s move to make Rs 500 and Rs 1,000 notes redundant, those involved in the realty business were coming to terms with a bleak future a day after. While Crisil, a global ratings company, predicted a…

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Lenders To Gain As Home Loan Size Set To Increase – Business Standard – 10-Nov-2016

November 10, 2016 / 0 comments

The easing of property prices following the demonetisationof Rs 500 and Rs 1,000 notes will prove beneficial for lenders and housing finance companies (HFCs) as the average size of home loan is likely to increase. This is because the share of cash component in property deals will drastically come down, while the value will rise…

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Huda Holds AuctionTo Remove Debris From Dwarka E-way Land – Times of India – 10-Nov-2016

November 10, 2016 / 0 comments

Huda made some headway in the long-stalled Dwarka expressway project on Wednesday as it finally managed to complete the auction for the removal of 12 structures and ‘malba’ (construction material waste), which are obstructing the highway stretching from Kherki Daula to Dwarka. Huda received a total of nine bids with the highest one amounting to…

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Godrej Properties Q2 Net Profit Down 77% At 23 Crore – Financial Express – 10-Nov-2016

November 10, 2016 / 0 comments

Godrej Properties   today reported 77 percent fall in consolidated net profit at Rs 23.48 crore for the current fiscal’s second quarter ended September. Its net profit was Rs 103.91 crore in the year-ago period, the company said in a regulatory filing. Income from operations also fell to Rs 329.55 crore in the July-September quarter…

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एक तोला बिका 45-60 हजार में – नवभारत टाइम्स – 10-Nov-2016

November 10, 2016 / 0 comments

सरकार द्वारा 500 और 1000 रुपये के नोट बंद करने की घोषणा के बाद दो जगह भीड़ उमड़ी। लोग कैश निकालने के लिए एटीएम की तरफ दौड़े। इसके अलावा लोगों ने गोल्ड जूलरी शॉप की तरफ रुख किया। खास बात यह है कि सर्राफा मार्केट में गोल्ड की कीमत 31,000 रुपये प्रति 10 ग्राम है,…

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Clampdown On Black Money To Hurt Realty Sales, Prices, Approvals – Livemint – 10-Nov-2016

November 10, 2016 / 0 comments

The government’s clampdown on black money will have major repercussions on the real estate sector and could not have come at a worse time for developers. The withdrawal of Rs500 and Rs1,000 denomination notes is expected to lead to a freeze in property transactions, significant cash flow issues, slower project approvals and softer prices. The…

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Cash-Hurdle In Stamp Paper Buys Hits Realty Market; Gold Prices Surge – The Indian Express – 10-Nov-2016

November 10, 2016 / 0 comments

The government’s announcement that Rs 500 and Rs 1,000 notes in circulation would cease to be legal tenders has hit businesses and trades that are largely cash-based. Across the country, impact was felt at offices of sub-registrars as a number of those who turned up for registration of their properties were unable to go through with…

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