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1.After a five-time reduction in 2019, RBI keeps repo rates unchanged at 5.15%

The real estate fraternity has expressed disappointment over the RBI’s decision.


2.1,600 stalled projects receive support of Rs 250 bn

Govt announces setting up of alternative investment fund to boost sector.


3.Bounce India with Knight Frank to launch its first trampoline theme park

Bounce India plans to expand its business across India by opening six to seven more centres


4.APPOINTMENT

Rajani Sinha joins Knight Frank India as Chief Economist and National Director-Research.


5.New Delhi 9th fastest-growing prime residential market globally: Knight Frank

International property consultant Knight Frank, in its latest report Prime Global Cities Index, has ranked New Delhi as the 9thfastest growing prime residential market in the world


6.Industry experts on government’s Rs 250 bn AIF boost

1,600 stalled projects receive support of Rs 250 billion, experts’ welcome move


7.India’s 12 cities have over 20 lakh vacant homes lying around

Mumbai alone has about 5 lakh vacant houses, followed by Delhi and Bengaluru at 3 lakh, Pune and Ahmedabad at 2 lakh, Jaipur at 1.2 lakh, Hyderabad at 1 lakh, Kolkata at 80,000, Bhopal and Gurugram at 75,000, Lucknow at 65,000 and Ghaziabad at 55,000, as per the Knight Frank report.


8.Residential launches in Mumbai grew by 22% YoY in H1 2019; sales grew by 4%

Knight Frank India recently launched the 11th edition of its flagship half-yearly report – India Real Estate. The report presents a comprehensive analysis of the residential and office market performance across eight cities for the period January-June 2019 (H1 2019). The report findings establish that the number of residential launches in Mumbai increased by 22 per cent in H1 2019 to 43,822 from 35,874 in H1 2018. The housing units sold saw an increase of 4 per cent in H1 2019 to 33,731 from 32,412 in H1 2018


9.Spurt in demand for affordable housing pushes up overall residential sales

Residential unit launches in H1 2019 increased by 21 per cent YoY to 0.11 mn units while sales grew by a steady 4 per cent YoY to 0.13 mn units. The residential market witnessed growth in supply as well as sales for the third consecutive half year period, both hitting their highest level since demonetisation during H2 2016


10.Warehouse space leasing grows by 77 per cent YoY in 2018

Warehousing space requirement for manufacturing sector expected to be 68 million sq m in 2019; estimated to reach 86 million sq m by 2024.