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Property prices to go up in Noida as administration proposes hike in circle rates
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Realtors expected more from RBI MPC
Posted On: 2021-04-07 04:37:54 (Time Zone: Arizona, USA)
The RBI has maintained its accommodative stance until it sees an appropriate time to drive economic growth without jeopardizing its key goal of taming inflation. With the recent increase in Covid 19 incidents, the Apex bank is faced with the challenging task of balancing inflationary pressures to avoid a rise in borrowing costs. To keep inflationary pressures in check and sustain financial stability, it is expected that the central bank to pursue policy normalization in the second half of FY22. While it is understandable that the repo rate remains unchanged, the real estate sector s need for special steps cannot be overlooked.
NCR witness 111% jump in new launches
Posted On: 2021-04-06 22:15:11 (Time Zone: Arizona, USA)
Delhi NCR market has performed much better than all other major cities in terms of new launches as the region witnessed a jump of 111% in Q1 2021 over Q4 2020. The next close city is Chennai that saw a jump of 74% in the same period, and Pune with 57%. According to JLL Q1 Residential Market Update - Q1 2021 report, The markets of Delhi NCR and Chennai witnessed a substantial increase in launch activity during the quarter. New launches are still at 84% when compared to the pre-Covid levels of Q1 2020. Developers across the markets under review remain focused on the completion of under-construction projects and clearing their existing inventory.
RBI Monetary Policy - Feb 2021 - Even after RBI s status quo, developers optimistic about realty growth
Posted On: 2021-02-05 22:34:41 (Time Zone: Arizona, USA)
As the MPC voted unanimously to keep rates steady, the RBI retained the status quo and Repo rates unchanged at 4 per cent. The Apex bank, however, has shown optimistic stance for economic growth as it expects GDP to grow at 10.5 per cent. The real estate sector expected some announcements, but it has to rely only on announcements made in the last few months. Real estate experts say the market is strong, and the RBI s new status quo will not have any adverse effect on it.
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