BUDGET NEWS

Real Estate in 2020: Green shoots are too visible to be ignored

Publication: FINANCIAL EXPRESS Date : 21 JANUARY 2020

This year is going to be a year of consolidation and growth for the real estate sector for various reasons.

CITY NEWS

Mumbai: New state norms stalls cessed buildings redevelopment

Publication: FREE PRESS JOURNAL Date : 21 JANUARY 2020

Mumbai: The redevelopment of cessed buildings has been stalled due to the September 2019 government resolution (GR). According to this GR, passed by the former BJP government, the developer is required to have a total turnover of Rs 10-50 crore in three years.

REALTY NEWS

Hyderabad only Indian city in global top 20 in home price appreciation: Report

Publication: ECONOMIC TIMES Date : 21 JANUARY 2020

MUMBAI: Hyderabad has emerged as the only Indian city in top 20 among 150 global cities, in terms of appreciation in residential real estate prices, standing at the 14th spot with a 9% on-year rise in home prices, showed a report.

Realty check: Builders bow out of redevelopment as margins crash

Publication: TIMES OF INDIA Date : 21 JANUARY 2020

Builders are cancelling agreements and surrendering rights to redevelop housing societies in prime localities because of financial unviability.

SBI launches ‘guarantee’ plan for home buyers

Publication: BUSINESS LINE Date : 21 JANUARY 2020

State Bank of India (SBI) has launched Residential Builder Finance with Buyer Guarantee (RBBG) to safeguard home buyers financially by issuing guarantee for completion of projects to customers availing SBI Home Loans.