1.Housing Sales-to-Supply Ratio Rises to 1.36

Amidst controlled new housing launches, the residential sales-to-supply ratio has improved to 1.36 currently, as against 0.63 in 2014, reveals the FICCI-ANAROCK report Indian Housing Sector: Disrupted, Transformed & Recovering released at the 14th Annual FICCI Real Estate Summit 2020 on September 18, 2020. The improvement in this critical ratio is indicative of sustained future growth for the housing sector.

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2.Maharashtra Govt increases Ready Reckoner Rates

For the first time in 2.5 years, the state hiked the RRR by an avg 1.74%.

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3.Embassy REIT raises Rs 7.5 bn through NCDs

This fund is the second one to be raised through the NCD route.

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4.India’s Top Architects and India’s Top Builders

Saluting the true nation-builders, CW has been recognising and awarding India’s Top Architects and Builders for 15 years in a row!

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5.GIC expected to invest about Rs 7.50 bn out of the targeted corpus of Rs 22.50 bn.

The Government of Singapore Investment Corporation is in the final round of talks with ESR to invest in their second India focused logistics funds. ESR Cayman is a logistics real estate platform backed by a private equity firm Warburg Pincus. GIC is expected to invest approximately Rs 7.50 billion out of the targeted corpus of Rs 22.50 billion, as reported earlier.

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6.Toshiba Johnson Elevators (India) wins a landmark order for 62 elevators at CapitaLand IT Park in Pune.

Toshiba Johnson Elevators (India) (TJEI) has secured an order for the design, supply, installation, testing and commissioning of 62 elevators at the International Tech Park Pune, Kharadi (ITPP-K). International Tech Park Pune, Kharadi, poised as the future-ready destination that aims to offer state-of-the-art infrastructure and premium office spaces measuring 2.5 million sq ft, is being developed by CapitaLand, one of Asia’s largest diversified real estate group headquartered in Singapore.

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7.Maharashtra govt. cuts stamp duty to 2 per cent

Builders had been asking for a reduction in stamp duty following the lockdown.

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8.Structural Reform: Vaccine against COVID-19

On this 74th Independence Day, economies world over seem to be in the throes of a crisis. Britain has announced that it has slipped into a deep recession. All global economies are set to contract into negative territories.

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9.Structural Reform: Vaccine against COVID-19

Structural reform is the only vaccine that can cure our economic malaise.

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10.COVID-19’s Response to the Buy Vs. Rent Conundrum

Home and hearth need to be secured while the odds are so unprecedentedly favourable.

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