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

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


6.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


7.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


8.Real Estate Budget Reactions

A mixed bag of reactions by real estate sector on full Union Budget 2019-20


9.Appointment

Knight Frank India inducts Sharad Agrawal as Executive Director, Capital Markets.


10.Strengthen overall economy: Realty expectation from the government

Applauding the government, here is what the real estate industry expects in the second term of the BJP-led NDA government...