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A bittersweet dawn for India’s housing sector
Under the Real-Estate Regulatory Authority (RERA), project and real-estate agents across India have been on the rise from November 2018-April 2019.
About 19 states having a fully operational real-estate regulatory authority
To date, 20,500-20,600 projects are registered, of which 13,000 are ongoing
Of private equity investments worth $4 billion in India’s real estate in 2018, the commercial segment has attracted a lion’s share of 70 per cent
Equity investments down to 3 per cent in 2018 from 27 per cent
Accounted for almost 19% of investments, the second highest in 2018
NCR and MMR account for 72 per cent of total stuck housing units
Defying previous election year trends when sales and new launches remained muted during this period, Q1 2019 saw both housing sales and new supply rise due to multiple Government sops in the first three months of 2019.
Need to adopt technologies to fast-track affordable housing construction