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1.Covid 19: Impact on Real Estate Sector

CW lists reactions received from the industry on the Coronavirus impact on real estate

2.Does the Budget fall short of Real estate sector’s expectations?

Residential real estate developers were hoping for much more than merely extending existing benefits for affordable housing.

3.CSR Foundation and PNB Housing to upskill 13,000 construction workers

They have collaborated with 8 skill institutes to roll out the programme

4.Construction industry in Chennai struggles due to water shortage

On account of water shortage, many construction players have slowed down their activities

5.Co-living is winning tenants and landlords over from traditional leasing model

The co-living market is taking off in Asia Pacific including India as more people migrate to cities for jobs or education opportunities. This is opening up new opportunities for real estate developers and investors around the region, says JLL’s ‘Co-living in Costly Cities – Asia Pacific’ report.

6.GST rates cut on under-construction housing properties to 5%

GST for affordable housing projects cut down to 1%

7.Senior housing sector to reach $7.7 billion by 2030

The senior housing sector in India is at a nascent stage with huge opportunities for the real estate developers, service providers, healthcare players and operators. Unlike western countries where the senior living sector has gained maturity, India has huge untapped potential in the sector.

8.2Q17 sees India Residential Inventory overhang drop to 10-quarter low

2Q17 marks a record low for units launched across India, even as sales continue to outdo new units getting constructed in a quarter for the sixth consecutive quarter. A total of over 20,000 new units were launched across India’s top seven cities in 2Q17, while the corresponding number was slightly higher at over 26,000 units in 1Q17.

9.Dynamics of Real Estate Sector in past three years

Here is a glimpse from leading real estate developers about government monetary policies, investment opportunities and factors that will determine the dynamics of real estate market in 2017.

10.Implementation of GST – Welcomed by real estate developers?

Real estate developers have welcomed the implementation of Goods and Service Tax (GST). According to them, the GST will greatly improve a fractured tax system and help create an integrated Indian market. The government has always made it clear that leasing of land, renting of buildings as well as EMIs paid for purchase of under-construction houses will start attracting the GSTax.

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