Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>Real Estate Regulatory Authority or RERA was put in place by the government to bring accountability and transparency to the sector.</li><li>The number of projects registered under RERA went up by 109% in the last three years, says Anarock.</li><li>Authorities have disposed of one lakh cases filed under the various state iterations of RERA, as on 8 October 2022.</li><li></li></ul>Six years after the Indian government passed the RERA Act, it has made remarkable progress in addressing consumer complaints in real estate, as per Anarock. In the last three years of the pandemic, the number of projects registered under RERA went up by 109% to 94,513 projects, a report by the real estate services firm, says. Real Estate Regulatory Authority or RERA was put in place by the government to bring accountability and transparency to the sector, and help reduce project delays and property fraud. “At the end of the day, RERA still lacks sufficient execution powers – a fact which the Supreme Court has also expressed apprehensions over. Meanwhile, the pandemic did not break the pace of project and real estate agent registrations over the last three years,” says Anuj Puri, chairman of Anarock Group. Jharkhand highest growth in <keyword id="4940848" type="General" weightage="20" keywordseo="rera-registrations" source="Orion">RERA registrations</keyword> The states with maximum project registrations are Maharashtra, Gujarat, Karnataka, Madhya Pradesh, Uttar Pradesh, Telangana and Tamil Nadu. Together, these states account for a significant 83% share of RERA-registered projects. Maharashtra tops the list with around 38,229 project registrations, the Anarock report says. Two North states also differ in terms of growth in RERA registrations. While Jharkhand saw a spectacular three-year growth of 855%, UP growth is the lowest at 22%. Tamil Nadu recorded a 828% jump in the period, coming next only to Jharkhand. Meanwhile, registration of real estate agents under RERA has risen by 95% in the last three years. Here too, Maharashtra too retains its numero uno position. 1 lakh disputes resolved As per data from the Ministry of Housing and Urban Affairs, the authorities have disposed of one lakh cases filed under the various state iterations of RERA, as on 8 October 2022. Of these, approximately 72% cases or 72,979 complaints – were resolved in the last three years. While <keyword id="4468946" type="General" weightage="20" keywordseo="maharera" source="Orion">MahaRERA</keyword> has been a torchbearer in terms of dispute resolutions, UP RERA saw as many as 40,559 cases disposed of so far - against a mere 11,596 cases in October 2019. Haryana comes a distant second, but MahaRERA too disposed of 12,507 cases – that’s much less than UP. Puri says that RERA has been visibly fulfilling one of its key functions – resolving homebuyer grievances. “As per official data from MoHUA, RERA authorities have addressed more than a lakh consumer complaints. While this is impressive, it is also true that there remains a big question mark with regards to 100% resolution,” Puri said.

The state which resolved the most home buyer complaints is the most sluggish when it comes to RERA registrations

Jaipur, May 13 () Providing relief to real estate developers amidst the COVID-19 pandemic, the Rajasthan government on Wednesday announced several relaxation in regulations. The Rajasthan Real Estate Regulatory Authority issued an order extending deadline of projects having valid RERA registration before March 19, 2020 by one year. It also waived the fees for this extended period. However, the standard fee prescribed by the order issued by RERA on August 16, 2019, will have to be paid, a statement said. The certificate for extended period for completion of project will be made available online. Similarly, developers have also been exempted from displaying quarterly report of projects on the regulator's website till March 2021. Stringent action against developers for implementation of refund orders will not be taken till March 31, 2021, it said. Developers will be able to divide their registered projects into more than one phase and make such amendments in the building plan so that the interests of the allottees is not be adversely affected. All such changes will also require the consent of a minimum of two-thirds of the allottees, the statement said. AG RVK

COVID-19: Rajasthan relaxes regulations for real estate developers

<ul><li>Shares of some <keyword id="6354553" type="General" weightage="20" keywordseo="real-estate" source="Orion">real estate</keyword> developers like <keyword id="6362997" type="General" weightage="20" keywordseo="dlf" source="Orion">DLF</keyword>, <keyword id="139366" type="General" weightage="20" keywordseo="sobha" source="Orion">Sobha</keyword>, Prestige Estate Projects have gained 13-33% in the last 30 days.</li><li>Home loans segment is witnessing strong demand with lowest mortgage loan rates since 2005.</li><li>Analysts believe the real estate sector is set for an upcycle with the coming festive season, low home loan rates, stable property prices and robust hiring by IT companies are expected to support housing demand.</li></ul>Real estate company stocks are back in action with shares of such companies buzzing since the last few weeks. Analysts believe that the fact that we are heading into the festive season with low home loan rates, stable property prices and robust hiring by information technology (IT) companies are expected to support housing demand. Shares of some real estate developers like DLF, Sobha, Prestige Estate Projects have gained 13-33% in the last 30 days. Nifty Realty index has gained close to 5% in the last 30 days while BSE Realty index has gained over 7% during the period. <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Real estate company stocks </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Year-to-date change </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sobha </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">101% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Prestige Estate Projects </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">83% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Brigade Enterprises </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">57% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Oberoi Realty </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">38% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Sunteck Realty </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra Lifespace Developers </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">123% </td></tr></tbody><tbody></tbody><tbody></tbody></table> Analysts believe that the real estate residential segment is set for an upcycle. “Heading into the festive season in India in H2 [second half] FY22, listed developers have lined up a number of launches across tier I cities. Low mortgage rates, stable property prices and robust hiring outlook for IT/ITeS [IT-enabled services] and financial services, especially in south India and continued work-from-home is expected to support residential housing demand,” said a report by ICICI Securities, dated September 4. The report says DLF, Oberoi Realty, Brigade Enterprises, Sunteck Realty and Mahindra Lifespaces are some preferred stocks by the broking firm in the realty segment. The report shows that the home loan rates offered by most large lenders range in the 7-7.5% range for 20-year housing loans and is the lowest ever since 2005. The Indian real estate performance has been affected for many years owing to demonetisation, real estate regulatory authority (RERA)/goods and services tax (GST) implementation, NBFC funding crisis and the first and second waves of the COVID-19 pandemic in India. “However, heading into FY22 and beyond, we believe that the sector is set for an upcycle,” said analysts at ICICI Securities. RERA came into action in 2017 to ensure transparency in the real estate segment thereby tightening rules, which made it difficult for developers to launch new projects without approvals. And in the last few years, non-banking financial companies have seen a <a href="https://www.moneycontrol.com/news/business/all-you-want-to-know-about-the-nbfc-crisis-3966551.html">liquidity crisis led by IL&amp;FS group. </a> Gagan Banga, managing director of Indiabulls Housing Finance, in an interview with CNBC-TV18 said that they are seeing strong demand in home loans. “Mid-income group is showing a lot of demand, the best in 15 years,” he said. “The Indian real estate sector is at a crossroads. After a gap of almost eight years, demand seems to be picking up in the residential segment aided by improved affordability, COVID-19 induced factors and government measures to boost housing absorption,” said a report by Edelweiss Securities. Further, analysts feel the residential market will do well in the near future. Listed players have gained market share with new launches in the last 2-3 years and they expect it to continue. Yash Gupta, equity research analyst at Angel Broking, says he expects the residential market to do well in the near future. Also, expect new hiring by [the] IT industry to increase residential demand in Bangalore, Pune and Chennai. “We have seen a strong consolidation in the top 10 cities in India towards organised players post Demon [demonetisation], RERA, IL&amp;FS crisis. Listed players have gained market share in new launches in the last 2-3 years, we expect this to continue,” he said. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/telecom/news/jiophone-next-is-the-new-weapon-in-ambanis-arsenal-as-he-takes-aim-at-the-500-million-subscriber-mark/articleshow/85974565.cms">JioPhone Next is the new weapon in Ambani’s arsenal as he takes aim at the 500 million subscriber mark</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/personal-finance/income-tax/news/do-not-forget-to-check-form-26as-before-filing-your-income-tax-return-heres-why/articleshow/85972783.cms">Do not forget to check form 26AS before filing your income tax return. Here’s why</a>

Sobha, Mahindra Lifespace become multibaggers in 2021 as analysts see strong upside in realty space

<ul><li>Reports say that $38 billion worth of <keyword id="8399127" type="UNKNOWN" weightage="20" keywordseo="loans-to-real-estate">loans to real estate</keyword> are in trouble.</li><li>Experts claim that $58 billion loans – which make up for 62% of total loans⁠— are stress-free.</li><li>A consultant report blames RERA ‘regulations’ for the many <keyword id="1241568" type="PERSON" weightage="20" keywordseo="bankruptcies">bankruptcies</keyword> in the sector. </li></ul>As much as $38 billion worth of loans⁠— nearly one in every rupee lent⁠— to real estate are in trouble. And it is not fair to blame the smaller <keyword id="6385582" type="UNKNOWN" weightage="20" keywordseo="builders">builders</keyword> alone. Nearly one in three bigger builders, or Grade A as they are called, are also facing ‘severe stress’ in repaying the loans. 
 
 
 
 <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
<div class="flourish-embed" data-src="visualisation/1027262"></div>
]]></cdata></div>







 The only thing making this huge pile of potential bad loans better is the disaster waiting to happen in telecom. Real estate sector is taking heart from the fact that two telecom players⁠— Vodafone-Idea and Airtel⁠— were hit with deferred spectrum dues of ₹92,000 crore ($15 billion) at a time when the top three telecom players <a href="https://www.businessinsider.in/mukesh-ambanis-telecom-war-escalates-telecom-industry-debt-to-3-9-lakh-crore/articleshow/70906000.cms">have combined debt of over ₹3.9 lakh crore</a> (over $55 billion). “In the telecom or steel industries, default by a single company alone equals a sizable portion of the overall stress in the real estate sector. Also, every <keyword id="8399128" type="UNKNOWN" weightage="20" keywordseo="real-estate-loan">real estate loan</keyword> is backed by hard security, which is anywhere between 1.5 times to 2 times. Even if defaulting developers decide to sell their real estate at a discount, there is enough margin for them to pay back,” said Shobhit Agarwal, MD &amp; CEO of Anarock Capital. This is a case of pot calling the kettle black. Real estate is struggling to survive playing by the rules Agarwal also went ahead and blamed ‘regulations’ for the defaults in the sector. “One prime reason was that sluggish residential sales over the last few years completely dried up cash flows for many developers, resulting in unsold inventory pile-up and, thus, their inability to service their loans. Moreover, some developers have even filed for bankruptcy in the backdrop of stricter regulatory norms under RERA,” he said in a press release. But these rules were brought in to clean up the sector that had become infamous as the home to ill-gotten wealth. The domino effect is taking financiers down too The property consultant believes that only $16 billion worth loans are under ‘severe’ stress while $21 billion is under ‘some pressure’. Nearly a third of total realty loans are in the books of housing finance companies and non-banking financial companies and these are sectors that are already struggling to survive.. And it comes as no surprise that 58% of total <keyword id="6360217" type="UNKNOWN" weightage="20" keywordseo="loan">loan</keyword> book of NBFCs are in trouble. The Anarock report also pointed out that the amount that is being lent to the sector has shrunk after IL&amp;FS default since most of their funds come from NBFCs and HFCs who are facing a liquidity crisis themselves. Will the government stimulus for real estate help? The government itself is not shy of lending to the sector, and more so to trouble housing projects. In November, Union finance minister Nirmala Sitharaman decided to give a handout to sector whose sales have been slowing for the last four years with small spurts of growth in between. The government launched a ₹25,000 crore ($3.5 billion) rescue fund for the sector along with India’s largest bank --SBI and India’s largest insurer - LIC. As many as 1,600 housing projects and 4.58 lakh housing units that are stalled. But government too is careful of what ‘kind’ of stressed projects that it is lending to and allowed no free-for-alls. “The project must have a positive net worth. This depends on the demand for the project and expected cash flow from home buyers,” Sitharaman told the press conference. According Samir Jasuja of PropEquity, “As much as 80% of all the housing sector projects which are stuck will gain from the announcement.” Moreover, he also said that 3 lakh crore of stuck housing projects are in Delhi-NCR and Mumbai metropolitan region. It is yet to be seen as to how much this fund will help the troubled sector.

Nearly one in three Rupees lent to builders is unlikely to come back

An additional 6.4 crore <keyword id="41366" type="General" weightage="20" keywordseo="homes" source="Orion">homes</keyword> are required by 2036 because of growth in <keyword id="48933" type="General" weightage="20" keywordseo="population" source="Orion">population</keyword>, according to CREDAI-Liases Foras. Realtors' apex body CREDAI, in collaboration with data analytic firm Liases Foras, launched an industry report at the New India Summit held in Varanasi. The additional housing requirement by 2036 due to the population growth is 64 million in India," the joint report said. In 2018, the housing shortage in India was 29 million <keyword id="6362117" type="General" weightage="20" keywordseo="houses" source="Orion">houses</keyword>, it pointed out. "Therefore, the total estimated housing <keyword id="6358993" type="General" weightage="20" keywordseo="demand" source="Orion">demand</keyword> by 2036 in India is 93 million," CREDAI-Liases Foras report said. The report mentioned that it is widely expected that the next wave of <keyword id="6354553" type="General" weightage="20" keywordseo="real-estate" source="Orion">real estate</keyword> growth will stem from Tier II, III regions. Housing demand was strong last year, which also witnessed over 19,050 RERA registrations at Pan-India level with 45 per cent projects falling in the residential segment. Boman Irani, President, CREDAI, said, "The rapidly growing Indian population and economy has resulted in accelerated demand and <keyword id="46639" type="General" weightage="20" keywordseo="supply" source="Orion">supply</keyword> of homes, while also improving home buyers' purchasing power and inclining them to buy bigger houses." Housing in tier II and III cities will witness a sharper trajectory, he said. Manoj Gaur, Chairman, CREDAI, said: "2023 was a remarkable year for all real estate stakeholders and we expect this demand trajectory to sustain in 2024 and beyond." Pankaj Kapoor, Founder and Managing Director, Liases Foras, said, "Indian real estate currently stands at an extremely important junction with sustained demand and supply greatly contributing to the GDP while showcasing a definitive way forward for reaching the USD 5 trillion goal."

Additional 6.4 crore homes required by 2036 because of population growth: CREDAI-Liases Foras

Mumbai, Apr 3 () Residential bookings witnessed a 78 per cent fall in the Mumbai Metropolitan Region between February and March as compared to January this year, owing to the adverse impact of the coronavirus outbreak on the real estate sector, says a report. According to a report by real estate developers' association Credai-MCHI, as compared to January 2020, bookings of residential units have fallen by 78 per cent in 30 days from February 2020 last week to March third week. The report, which has been conducted with insights from over 100 Mumbai Metropolitan Region (MMR) developer members to ascertain impact of Covid–19 on MMR Real Estate, further said there has been a 250 per cent drop in home loan collection in March as compared to January this year. "Residential real estate has already been under an enormous pressure due to the prevailing liquidity crunch, subdued demand and unaffordable prices. Due to Covid-19 and the subsequent lockdown, the Indian real estate industry, along with its allied industries, are experiencing a substantial slowdown in activities," Credai-MCHI President Nayan Shah said. The report noted that RBI's three month moratorium on term loan instalments is expected to release some pressure off the developers. "Developer cashflows will be adversely affected due to the lockdown. While cash outflows in the short term will be negated due to stalled construction projects, the overall moderation in the long term will depend upon developer's ability to sustain collections," it said. Due to the lockdown, all construction activities across the country have come to a standstill. "Stalled projects will decrease the demand for construction finance and increase liabilities on bank, hence the cost of finance is expected to increase," the report added. Meanwhile, Maharashtra real estate regulator MahaRERA has allowed three months extension to all registered projects where completion date, revised completion date or extended completion date expires on or after March 15, 2020. The report further stated that pre-commitments will form a significant part of leasing of commercial office spaces in the first half of 2020. "Other than pre-commitments, demand for office is likely to be postponed to H2 2020 or H1 2021. Existing tenants might delay lease renewals to H2 2020 and will renegotiate rent free periods until lockdown," it said. The report further mentioned that Mindspace REIT which is in pipeline for 2020 will be delayed due to the pandemic. According to the report, since hospitality industry is directly dependent on trade, travel and tourism, global travel bans have deteriorated the revenues for hospitality industry. PSK DRRDRR

Coronavirus impact: Bookings of residential units in Mumbai region falls 78 pc in Feb-Mar

New Delhi, Jun 18 () Real estate technology companies that are used to being overlooked from investors may see their fortunes turn after the COVID-19 pandemic, as the industry embraces proptech to improve the way property is bought, sold or rented, according to Housing.com CEO Dhruv Agarwala. Addressing a webinar organised by media company Entrepreneur on Thursday, Agarwala, who is also the CEO of PropTiger and Makaan.com, said the pace of adoption of digital technologies has accelerated after the outbreak of the coronavirus disease and the subsequent nationwide lockdown imposed on March 25. He said that going forward, there would be increased adoption of technologies across the value chain, right from designing to construction to sales and marketing, and property management. In each of these areas, there could be significant opportunities for capital infusion by both domestic and foreign investors, he added. Agarwala pointed out that proptech players have not been able to raise funds like technology players in other sectors such as e-commerce and food because of the inherent problems in the real estate sector. The sector has been reeling under the multi-year demand slowdown on account of demonetisation and disruptions caused by the goods and services tax (GST) and realty law RERA, he said. However, he said, "It's just a matter of time, when we can see significant inflows of capital in proptech". "In the next five years, we can expect a large sum of capital being infused in proptech companies," Agarwala said but refrained from giving any number. He expected the process of searching and shortlisting of properties to largely shift on digital platforms, both for renting and buying. "People will still visit one or two shortlisted properties before eventually deciding to buy," he said. On housing prices, Agarwala said the price reduction would not be across the board. He said the builders who have stressed balance sheets would like to clear their inventories by cutting rates or giving discounts. However, the real estate developers with strong balance sheets and huge cash reserves would not reduce price. Citing a survey report done by Housing.com, Agarwala said the potential homebuyers have deferred their plan to purchase properties by 0-12 months and only a small percentage (19 per cent) of respondents have put the plan on hold permanently. Singapore-based Elara Technologies, which owns the three realty platforms Housing.com, Makaan.com and PropTiger, has raised USD 175 million so far from investors. Among other players, NoBroker.com has raised over USD 150 million and Square Yards around USD 75 million. MJH HRS

Proptech firms to attract huge capital from investors post COVID-19

<ul><li>India’s President’s address was full of praises for <keyword id="6387077" type="UNKNOWN" weightage="20" keywordseo="narendra-modi-government">Narendra Modi government</keyword>. </li><li>However, some of the accolades may be exaggerated or not in sync with facts.</li></ul>Ram Nath Kovind, India’s President for eighteen months, took the lead to give the country’s Parliament a report card on behalf of the four-and-a-half year old Narendra Modi government. Kicking off the <keyword id="105431" type="ORGANIZATION" weightage="20" keywordseo="budget-session">budget session</keyword> of Parliament, Kovind, in a speech that lasted over an hour, gave a glowing tribute to the incumbent government that will be seek re-election in less than 100 days from now. The following are some of the highlights of Kovind’s laudatory speech, each followed by facts that may question the President’s conviction about the Modi government’s performance. 1. “Compromising with security needs is not in interest of present &amp; future of country. New deals in last year, purchase of defence equipment raised morale of defence. After decades, Indian Air Force will use ultramodern Rafale aircraft in coming months &amp; strengthen itself.” The government auditor – the Comptroller and Auditor General of India – is yet to <a href="https://www.news18.com/news/india/only-3-copies-of-cags-rafale-report-likely-to-reveal-pricing-details-parliament-may-get-redacted-version-2018409.html" data-type="tilCustomLink" target="_blank">submit</a> its report on the government’s deal to purchase 36 Rafale aircraft for an undisclosed sum of money. Giving a clean chit to the government on the <a href="https://economictimes.indiatimes.com/news/defence/all-you-need-to-know-about-the-rafale-deal-controversy/jet-set-go/slideshow/65079741.cms" data-type="tilCustomLink" target="_blank">alleged irregularities</a> may be premature. 2. “Youth are the greatest strength of our nation. India has the largest number of young people in the world, and the policy decisions of my Government have been inspired by the aspirations and dreams of young Indians of 21st century.” The President said this on the day a report revealed that employment in the Indian economy was at its <a href="https://www.businessinsider.in/unemployment-in-india-is-at-its-highest-in-45-years-says-an-indian-daily-citing-an-undisclosed-jobs-survey/articleshow/67769020.cms">worst</a> in 45 years, a labour survey that the government has not made public yet. 3. “GST has benefited businesses by bringing in more honesty and transparency." In December 2018, the All India Manufacturers’ Organisation (AIMO), <a href="https://www.businessinsider.in/indias-micro-and-small-enterprises-saw-a-whopping-32-drop-in-jobs-in-the-last-4-years-survey/articleshow/67123219.cms" data-type="tilCustomLink" target="_blank">said</a> small businesses across the country lost over 3.5 million job losses since 2014. The job losses were attributed to a 70% drop in operational profits in the MSME sector since 2014, according to K E Raghunathan, president of AIMO. 4. “By decreasing the burden of income tax and keeping the rate of inflation under control, the government has created new opportunities for expanding the savings of the middle class.” Despite the government’s best intentions, the “current (consumer) sentiment on the general economic situation dipped further into the pessimistic zone” – this is the finding from a consumer confidence <a href="https://rbi.org.in/Scripts/PublicationsView.aspx?id=18729"></a><a href="https://rbi.org.in/Scripts/PublicationsView.aspx?id=18729" data-type="tilCustomLink" target="_blank">survey</a> conducted in six Indian cities by the Reserve Bank of India. In fact, the consumer confidence is at its lowest it has been since Modi government took charge. Indeed inflation has been low for much of the current government’s tenure, jobs have been scarce and income growth very tepid, making middle class consumers penny wise. 5. “Demonetisation was a defining moment in the govt’s war on corruption and black money. This decision struck at the very root of the parallel economy thriving on black money; and the money outside the formal system was brought within the ambit of nation’s economy.” One of the defining steps against black money taken by the Modi government, by its <a href="https://www.financialexpress.com/economy/modi-says-demonetisation-forced-nirav-modi-vijay-mallya-to-flee-curbed-black-money/1431229/"></a><a href="https://www.financialexpress.com/economy/modi-says-demonetisation-forced-nirav-modi-vijay-mallya-to-flee-curbed-black-money/1431229/" data-type="tilCustomLink" target="_blank">own admission</a>, was demonetisation. However, contrary to the hope that a big chunk of unaccounted cash stashed away will be left worthless, nearly all the <a href="https://economictimes.indiatimes.com/news/economy/finance/after-almost-two-years-of-counting-rbi-says-99-3-of-demonetised-notes-returned/articleshow/65589904.cms"></a><a href="https://economictimes.indiatimes.com/news/economy/finance/after-almost-two-years-of-counting-rbi-says-99-3-of-demonetised-notes-returned/articleshow/65589904.cms" data-type="tilCustomLink" target="_blank">banned notes</a> have returned to the system. What came to a grinding halt was the <a href="https://economictimes.indiatimes.com/news/economy/policy/demonetisation-hit-growth-by-2-percentage-points-us-study/articleshow/67154320.cms"></a><a href="https://economictimes.indiatimes.com/news/economy/policy/demonetisation-hit-growth-by-2-percentage-points-us-study/articleshow/67154320.cms" data-type="tilCustomLink" target="_blank">Indian economy</a> leading to job losses. 6. “Government has approved ₹25,500 crores for ‘Namami Gange Mission’. By stopping the flow from dozens of big drains into the river, by stopping the industrial waste, and by setting up sewer treatment plants, my government has shown proactiveness to clean up Ganga.” Indeed the money has been allotted and a lot has been spent, but is it working? India’s waterman <a href="https://www.businessinsider.in/why-indias-waterman-thinks-the-governments-3-5-billion-plan-to-clean-up-ganga-is-not-working/articleshow/67672185.cms"></a><a href="https://www.businessinsider.in/why-indias-waterman-thinks-the-governments-3-5-billion-plan-to-clean-up-ganga-is-not-working/articleshow/67672185.cms" data-type="tilCustomLink" target="_blank">Rajendra Singh</a> believes that a clean Ganga may still be a distant dream. 7. "Government's digital plan is helping rural India." Once again, one of the stated goals of demonetisation was to make India a cashless society and push people towards digital payments. It seemed to work in the initial days of the cash crunch, but soon after, people were back to using cash, and in fact, it is <a href="https://www.livemint.com/Money/Oxohtwl6CBCWjnfjdbHCEL/Cash-transactions-up-after-demonetisation-but-Indias-ATM-ne.html"></a><a href="https://www.livemint.com/Money/Oxohtwl6CBCWjnfjdbHCEL/Cash-transactions-up-after-demonetisation-but-Indias-ATM-ne.html" data-type="tilCustomLink" target="_blank">now more than before</a> demonetisation. 8. “In 2014, only 59 village panchayats in the country had digital connectivity. Today, 1 lakh 16 thousand village panchayats are connected with optical fibre and about 40 thousand village panchayats have been provided with wi-fi hotspots.” The other big pillar of the Digital India dream is to allow millions of Indian villagers access to internet through a broadband network that spans the length and breadth of the country. The network has been laid for the first phase covering one lakh villages, but only 10% of the network is getting utilised. This has <a href="https://www.deccanchronicle.com/business/in-other-news/220119/rs-42000-crore-bharatnet-projects-face-delay-cost-overrun.html"></a><a href="https://www.deccanchronicle.com/business/in-other-news/220119/rs-42000-crore-bharatnet-projects-face-delay-cost-overrun.html" data-type="tilCustomLink" target="_blank">reportedly</a> led to the department of telecom warning the two implementing agencies, as recently as last week. India is ranked 91st among 139 countries on the Networked Readiness Index 2016, according to the <a href="http://reports.weforum.org/global-information-technology-report-2016/networked-readiness-index/"></a><a href="http://reports.weforum.org/global-information-technology-report-2016/networked-readiness-index/" data-type="tilCustomLink" target="_blank">World Economic Forum (WEF)</a>). 9. “By enacting RERA law, my govt has ensured that construction of houses is completed and they are handed over to the buyers as scheduled. After enactment of this law, about 35,000 real estate projects have been registered where lakhs of houses are being constructed.” The Real Estate Regulation Act is a potential game changer for India’s tainted real estate industry, infamous as a haven for ill-gotten wealth, but the reform measure has made little progress since it was rolled out in May 2017. “States have notified the act but, unfortunately, the structures of the RERA machinery in most of the states have not been put in place,” Samantak Das told the <a href="https://economictimes.indiatimes.com/wealth/real-estate/poor-implementation-of-rera-across-states-poses-a-challenge-to-home-buyers/articleshow/66375451.cms"></a><a href="https://economictimes.indiatimes.com/wealth/real-estate/poor-implementation-of-rera-across-states-poses-a-challenge-to-home-buyers/articleshow/66375451.cms" data-type="tilCustomLink" target="_blank">IANS</a> in October 2018, adding that, “"After constituting a model act at the central level, the Union government has a role to look at whether the states are adhering to the central legislation and implementing it in true letter and spirit.” 10. “Be it cities or villages, the government is working at a fast pace to strengthen healthcare related infrastructure.” The government last year set a target of raising annual health spending to 2.5% of India’s gross domestic product (GDP) by 2025, from 1.15% now-- which is one of the lowest proportions in the world. Nepal (2.3%) and Sri Lanka (2%) spend more on healthcare than the government in India does. 11. “Thirty four crore bank accounts have been opened in the country because of ‘Jan Dhan Yojana’ and almost every family is now connected to the banking system. Today, Rs 88,000 crore deposited in Jan Dhan accounts is a testimony to the changing saving habits.” While it is true that the government pushed millions of Indians to have a bank account for the first time in their lives, it is still not a universal phenomenon. According to an August 2018 report from NABARD, nearly 190 million people still do not have access to a bank. Only “49% households reported that at least one of their members had saved any money in an institution (banks, post office etc.),” according to the report. 12. "Our daughters are making remarkable contribution in every field today and have brought laurels to the country. It is for the first time since independence that the policies &amp; programmes of the Govt have created numerous new opportunities for enterprise for women" It is true that there are more conversations about ending the discrimination against women today than ever before, but it is a global phenomenon too. However, presidential speeches have little impact unless it is forced into practice, particularly among public personalities like members of Parliament. In India’s political sphere, there is more sexism than oxygen in the air. Most recently the newly-appointed Congress general secretary <a href="https://www.indiatoday.in/elections/story/pretty-face-no-other-talent-bihar-minister-s-sexist-remark-about-priyanka-gandhi-1438935-2019-01-25" data-type="tilCustomLink" target="_blank">Priyanka Gandhi </a>was at the receiving end of jibes that called her ‘chocolate face’ and ‘Surpanakha’ (a demon from Hindu mythology). But is not BJP’s forte <a href="https://www.timesnownews.com/india/article/bjp-up-chiefs-sexist-joke-on-mayawati-akhilesh-and-mulayam-over-1995-guest-house-incident-raises-a-storm/355537" data-type="tilCustomLink" target="_blank">alone.</a> It’s something that unites the country’s <a href="https://www.newsbytesapp.com/timeline/Politics/39755/176209/congress-and-bjp-can-t-be-absolved-of-sexist-remarks" data-type="tilCustomLink">political class</a> more than anything else. Meanwhile, in India’s booming private sector, 40% of <a href="https://www.businessinsider.in/a-whopping-40-of-indias-women-engineers-dont-have-jobs-because-of-rampant-sexism-at-workplace/articleshow/67486684.cms">women engineers </a>in India do not have a job because the country’s corporate culture has a gender bias. See Also: <a href="https://www.businessinsider.in/unemployment-in-india-is-at-its-highest-in-45-years-says-an-indian-daily-citing-an-undisclosed-jobs-survey/articleshow/67769020.cms">Unemployment in India is at its highest in 45 years – says an Indian daily citing an undisclosed jobs survey</a> <a href="https://www.businessinsider.in/indian-government-commits-to-increasing-public-health-spending-to-2-5-of-gdp-by-2025but-is-that-enough/articleshow/67086285.cms">Indian government commits to increasing public health spending to 2.5% of GDP by 2025—but is that enough?</a>

Here’s a fact check after Indian President's glowing tribute to the Narendra Modi government

<ul><li><keyword id="236136" type="ENTERTAINMENT" weightage="20" keywordseo="Radio-City">Radio city</keyword> has reported revenues of ₹87.02 crore in H1 2018-19 along with a CAGR of 34%, while <keyword id="9734" type="COMPANY" weightage="20" keywordseo="Radio-Mirchi">Radio Mirchi</keyword> has reported a 36% YoY growth. </li><li>The radio industry is growing with ad spends also increasing. </li><li>Experts believe that the industry is not threatened by other popular platforms like Netflix, Amazon Prime and instead complements their growth. </li></ul>If numbers are to be believed, the <keyword id="7328670" type="UNKNOWN" weightage="20" keywordseo="Indian-radio-industry">indian radio industry</keyword> is far from dying a low-key death. Leading radio stations have reported a great year with revenue hikes and expect higher momentum in the coming years. Music Broadcast Limited, which hosts Radio City, has reported revenues of ₹87.02 crore in the first half of the financial year, along with a CAGR of 34%, while Motilal Oswal has reported that Entertainment Network India Limited, which hosts Radio Mirchi has reported a 36% YoY growth. “In the last 3 years our revenue CAGR has been 15% which is almost double than that of the industry. H1 was expected to be subdued due to lingering impact of GST and demonetization, but we are delighted to witness an upsurge in H2. We have delivered a margin of 33% despite investments in our new stations. As the economy recovers, we expect to keep up the momentum in the future too,” said Apurva Purohit, President Jagran Group &amp; Director, Music Broadcast Ltd. Most experts believe that 2017 was a bad year because of multiple reasons – effects of demonetization, real estate law, RERA, and the introduction of the Goods and Services Tax (GST). After a subdued 2017, where the radio industry grew at only 3%; in 2018 the industry at large grew at 9.5%. “Most of these effects reduced in 2018, but media continues to remain under pressure. The print and OOH business have faced more pressure. Radio and TV have done better,” said Prashant Panday, MD &amp; CEO, Entertainment Network India Limited (ENIL). Staying alive Despite the increasing popularity of OTT platforms, like Netflix, Amazon Prime and Hotstar, which is consuming a large part of the Indian consumers time, radio has managed to stay alive. Global giant Spotify too is all set to launch in India which could become a big hit with millennials because of its popularity abroad. As per a 2018 KPMG report, radio garnered 7.9% growth in ad revenues in FY 17-18. According to a <a href="http://businessfortnight.com/music-broadcast-runs-radio-city-eyes-acquisitions-kolkata-mp/">FICCI report</a>, the industry is expected to grow at a compounded annual growth rate of 16.1% between 2016 and 2021 and is projected to be a Rs.4780 crore industry by 2021. The industry believes that radio has transitioned from being a medium that is under threat of other rising media but instead is a part of the latter’s growth journey. “We believe radio as a medium, complements television where it improves the efficiency of a TV plan because of the cost effective reach it adds; and is also complementary to new age digital plans where radio can be used as an awareness building medium to direct traffic towards PVs and clicks on digital,” said Purohit. Advertising from radio too is a market that can’t be ignored. Global media network GroupM in its report – This Year, Next Year 2019 – stated that India is predicted to be the 10th fastest growing country on ad spends across the globe – where radio is headed to grow by 15%. “When the economy slows down, or major advertisers face stress, they turn more towards consumer offers, and hence towards radio. Radio makes print and TV work harder. Radio is the last medium consumed before a consumer enters a store, so it helps increase footfalls. In cars, 80% of all cars are tuned into radio,” said Panday. Mirchi in just Mumbai and Delhi, has a weekly listenership of 7 million people. See Also: <a href="https://www.businessinsider.in/netflix-and-hotstar-hedge-their-bets-against-government-regulation-through-self-censorship/articleshow/67573187.cms">After Amazon Prime, Netflix and Hotstar plan to go down the path of self-censorship in India</a> <a href="https://www.businessinsider.in/heres-why-ott-platforms-were-a-big-hit-among-indians-in-2018/articleshow/67286083.cms">Here's why OTT platforms were a big hit among Indians in 2018</a> <a href="https://www.businessinsider.in/using-your-friends-netflix-account-theres-some-bad-news-for-you/articleshow/67467204.cms">Using your friend’s Netflix account? There’s some bad news for you</a>

Video did not kill the Indian radio star – not yet

<ul><li>Estimates vary widely on both residential <keyword id="6354553" type="COMPANY" weightage="20" keywordseo="real-estate">real estate</keyword> sales and new housing project launches.</li><li>Unsold inventory in major cities continues to be a grave problem. </li><li><keyword id="136927" type="ORGANIZATION" weightage="20" keywordseo="affordable-housing">Affordable housing</keyword> is an attractive area for developers big and small.</li></ul> <keyword id="3658" type="COUNTRY" weightage="20" keywordseo="India">India</keyword>’s <keyword id="189423" type="PERSON" weightage="20" keywordseo="housing-market">housing market</keyword> remains a mixed bag with no clear answers about when the sector could make a firm turnaround after a prolonged slump exacerbated by sweeping regulatory changes in the past two years. Estimates vary widely on both residential real estate sales and new housing project launches when it comes to how they have fared this year as compared to a year ago. According to, property <a href="https://content.knightfrank.com/research/659/documents/en/india-real-estate-january-june-2018-5716.pdf">consultancy</a> <keyword id="6363605" type="COMPANY" weightage="20" keywordseo="knight-frank">Knight Frank</keyword>, real estate sales were, more or less, flat in the first half of this year compared to the same period last year despite a drop in home prices. Another report by real estate group CREDAI and JLL, a real estate consultancy said that housing sales in top seven cities in India in fact grew by 25 per cent in that same period. In terms of new housing project launches, according to <a href="https://www.livemint.com/Home-Page/QafqRmHCZt49bKmuwCwQMM/New-real-estate-launches-this-year-to-lift-investor-sentimen.html">data </a>from property consultancy Anarock Property Consultants, the number of new launches across seven key cities have gone up by 10% in the first half of 2018 as compared to last year. But on the other hand, <a href="https://content.knightfrank.com/research/659/documents/en/india-real-estate-january-june-2018-5716.pdf">data </a>from Knight Frank shows that the first half of this year saw a net rise of 46% in new launches at 91,739 housing units as compared to the same period a year ago. The quarterly picture, meanwhile, was much more worrying according to the Centre for Monitoring Indian Economy, saying that new project launches had actually dropped by 60% in the most recent quarter compared to last year. Real estate see-saw The housing market in India has been in a slump because of a combination of factors. For starters, the mismatch between buyer and seller price expectations has led to a massive backlog of unsold inventory of housing units. But even before the houses hit the market there are usually delays in project execution and litigation on land disputes, among other things. The introduction of regulatory changes such as the new real estate law RERA, intended to protect home buyers and bring transparency, along with the government’s demonetisation exercise and introduction of the Goods and Services Tax, pushed many large developers into a wait-and-watch mode, industry experts point out. The elephant in the room Despite the recent positive sentiment behind the launch of new <keyword id="6385126" type="UNKNOWN" weightage="20" keywordseo="housing-projects">housing projects</keyword>, the massive backlog of unsold inventory, continues to be a grave problem in major cities. Nearly 576,000 housing units worth ₹4.9 trillion ($70 billion) are behind schedule in seven key cities, <a href="https://www.moneycontrol.com/news/india/housing-units-worth-rs-4-64-lakh-crore-delayed-in-7-top-cities-despite-rera-implementation-anarock-2884421.html">according</a> to Anarock. One indicator of the health of the unsold inventory problem is a measure called QTS - quarters to sale - which roughly measures how many quarters it would take to sell the inventory. In 2018, the QTS has improved only slightly to 10 quarters as at the end of March from 14 quarters compared to the previous year, according to a report by ICRA. Subdued demand and the price mismatch for upscale housing projects continue to be sticky factors. "Despite increased launches, reduced price, government reforms and incentive, housing demand is yet to take off," Knight Frank India Executive Director (North) Mudassir Zaidi was <a href="https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-up-3-in-h1-in-top-8-cities-launches-up-46-knight-frank/articleshow/65132989.cms?utm_source=contentofinterest&amp;utm_medium=text&amp;utm_campaign=cppst">reported</a> as saying last month. Affordable housing - a glimmer of hope Following the government’s push into making housing more affordable and a host of government schemes including incentives, many new real estate launches are now being seen. According to property consultancy <a href="https://www.moneycontrol.com/news/business/real-estate/affordable-homes-now-account-for-over-20-of-all-properties-sold-in-india-2852131.html">Liases Foras</a>, affordable homes now make up nearly 20% of residential property sales compared to 8% in FY2016. On average, these houses in the affordable segment are typically priced at an average of ₹2.5 million. Some large and smaller developers, who are in the midst of planning new launches, are <a href="https://www.livemint.com/Home-Page/QafqRmHCZt49bKmuwCwQMM/New-real-estate-launches-this-year-to-lift-investor-sentimen.html">reportedly </a>keen on affordable housing because of the expected boom in the space. While some developers are holding out hope for a strong comeback only next year. “We may see nearly 15-18% increase in the number of new launches in H1 2019, which could be anywhere between 96,000 units to approx. 98,600 units,” Anarock <a href="https://www.livemint.com/Home-Page/QafqRmHCZt49bKmuwCwQMM/New-real-estate-launches-this-year-to-lift-investor-sentimen.html">said </a>in its report. With housing prices also going through a correction, home buyers could end up winners in the market in the long-term.

No one quite knows where India’s housing market is headed

Mumbai, Apr 14 () With the ongoing lockdown now extended till May 3 and uncertainty over economic recovery, demand for housing is expected to be muted as buyers may choose to postpone their decisions, analysts said. Due to the nationwide lockdown, construction activity has come to halt as supply chain for obtaining construction material has been disrupted and labour workforce have migrated to home states in search of alternative sources of livelihoods. "In 2020, post lockdown, the residential housing segment is expected to see muted demand as buyers may choose to postpone their purchases as they shall become more risk averse in the medium term. As a result, sales and collection is expected to get impacted adversely," ratings agency Care said in a report. The agency noted that due to lower collections anticipated, especially in Q1 FY2021, the construction progress for projects with high dependence on customer advances may get hampered in the short to medium term. Echoing the views, ratings agency Icra said committed collections receivable from already booked sales are also likely to get impacted, given that mile-stone based payments may get deferred and some buyers may delay payments on account of economic uncertainties. "Projects catering to the business, NRI and investment communities, where purchases tend to be largely self-funded, may witness a more significant disruption in collections. "Less disruption would be expected in the home loan funded segment, although in some cases, pay cuts may lead to re-evaluation of buyer credit profile by HFCs, thus impacting incremental disbursements," Icra's Mahi Agarwal said. On the supply side, Agarwal said new launches are likely to get deferred, not only due to operating issues, but also due to increasing economic uncertainties and likely moderation in developer inflows. "For ongoing projects, execution has been getting hampered due to reduced labour force presence and raw material supply chain disruptions attributable to lock-downs on non-essential services and contagion fears," she added. Thus, overall project development timelines and costs are likely to increase, though some cost savings on account of the prevailing decline in commodity prices are likely, Agarwal said. "Notably though, RERA guidelines provide for a one-year extension in project execution timelines, in case of events beyond promoter control. Thus, regulatory risks are reduced in the case of a short-term disruption," she added. Care Ratings' Amod Khanokar opined that in the wake of COVID-19 situation, price points are expected to soften for developers desperate to sell their inventory. "However, this would again depend upon location and type or segment of individual projects and the builder's financial flexibility which will be demonstrated in its ability to hold on to the inventory in such times. Luxury projects which have shown lower sales growth are likely to be impacted more," he said. HDFC Chairman Deepak Parekh on Tuesday said property prices may witness up to 20 per cent correction in the wake of the coronavirus pandemic. Care Ratings further said that disbursement of new loans or refinancing risks have increased as housing finance companies, NBFCs and banks become more selective and tighten their disbursements criteria to developers. According to Icra, the retail real estate segment is directly impacted due to ongoing nationwide lockdown and resultant closure of malls. "With rental expenses forming a sizeable share of 12-16 per cent of revenues for retailers, all tenants are likely to negotiate for waiver or rebate of the rentals for the closure period. Even after resumption of operations, the footfalls are expected to be muted, therefore, the financial position of the tenants will continue to be stressed. "Resultantly, the rental income of the mall operators, which also comprises a portion of the revenue share, is expected to be significantly impacted," Icra's Anand Kulkarni said. On the impact on commercial real estate, Care Ratings said office space leasing which was one of the booming sectors having attracted majority of funds from the private equity players in the past, is now expected to experience slowdown. "This is largely in the co working space owing to surge in 'work from home' option by various industry players as they would look to optimise their cost and potential change in user habits as majority of demand is driven by the IT/ITES industry. As a result, rentals are expected to soften or stabilise in the co-working space owing to lower demand," the agency said. PSK ABMABM

Lockdown: Housing demand expected to remain muted, say rating agencies

New Delhi, <keyword id="6416579" type="UNKNOWN" weightage="20" keywordseo="Retail-Investors">Retail investors</keyword> in India directly bought stocks to the tune of $ 12 billion over January-September as the post-Covid period has seen rising retail inflows similar to the global trend. According to a report by foreign brokerage, Jefferies, the post-Covid period in India, similar to the global trend, has seen rising retail participation. The shareholding of small retailers has risen by 0.6% points (<keyword id="6678164" type="COMPANY" weightage="20" keywordseo="ppt">ppt</keyword>) over December 2019 to September 2020 while that for large retail has also gone up by 0.1 ppt during the period. MF's holding had declined by 0.1 ppt during the same. "Indeed, we estimate that retail investors direct buying in the market had witnessed <keyword id="2942681" type="PERSON" weightage="20" keywordseo="net-inflows">net inflows</keyword> of $12 billion over January-September 2020", Jefferies said. Even as domestic equity MFs see an outflow, domestic investors continue to add equity market exposure directly. Overall market ownership has jumped by 50bps during calendar year 2020. The report said that inflows into Indian equity funds has turned negative for the past six months. This is the first such reversal in the past six years. "Our analysis, however, shows that retail investors are choosing to go direct v/s. through mutual funds. The cumulative ownership of MFs and retail investors continues to rise. With the market breadth now widening, MF outperformance should return drawing the investors back in. We continue to remain optimistic on the overall retail participation in the market", it said. Explaining the reason for reversal in direction of flows from mutual funds, the report said it could be the change in direction of discretionary flows as investors possibly chased higher returns in individual stocks in the sharp market rally post Covid lows. The same is visible in SIP flows (monthly, automatic flows) where net inflows have declined 15% since their March 2020 peak, but are still substantially <keyword id="6439681" type="UNKNOWN" weightage="20" keywordseo="positive">positive</keyword>, at $ one billion. The MFs had tended to underperform in the early part of the rally as the high concentration nature of the same (select large caps) had made it tough for MF's given concentration rules. The report said that the amount of net worth held in equities by Indian households is in low single digits (4% as of December'20). However, there is a case for both a) financialisation of savings and within that b) of rising allocation to equities with bank deposits, for example, already forming a high share of the household net-worth at 16%. Nearly two-thirds of Indian savings continued to be deployed in physical assets (property and gold) and structurally, the case remains for a gradual shift of the same to financial savings. For an economy which is in a technical recession, Indian markets are doing extraordinarily well and now even the macro numbers led by <keyword id="6390251" type="PERSON" weightage="20" keywordseo="goods">Goods</keyword> and Services Tax (GST) collections are giving new evidence of a strong recovery. To add to the bullish fervour, Mumbai has seen record upswing in real estate transactions in December. According to foreign brokerage, Jefferies, "We maintain our positive stance on cyclical recovery in India, thanks to growing evidence that the housing cycle has bottomed out and is now set for a multi-year upswing". Now a new trigger is waiting to be added to the Indian economy's growth move. Jefferies says that a housing cycle likely recovery is taking hold. "We estimate that the potential upturn in housing can positively impact the broader GDP growth by 1-1.5ppts every year for the next five years -- eventually driving the long-awaited capex cycle", it said. It said the buyer sentiment is improving and inventory is down 20%. "Our proprietary housing affordability index is at the lowest (hence the best) level in the past two decades, and the numbers coincide with the bottom of the previous property cycle in 2003/04. The affordability has been attractive for some time and the only missing part has been buyer sentiment, which is now falling in place. The unsold inventory is down 20% from peak and we project that as sales accelerate, inventory would start hitting price gaining levels by end-2021," the report said. The Indian housing market sales volumes topped in 2013 and even by 2019 (pre-Covid) were 40% below peak, Jefferies said in the report. Several disruptions, such as demonetization in 2016, rollout of Real Estate Regulatory Act (RERA) in 2017 and the credit crunch of 2018-19, are now in the base. Post Covid, recovery has strengthened, as evidenced by an improvement in property sales of listed developers (90% of pre-Covid in September'20 quarter), industry-wide sales as per property consultants (85-90 <keyword id="45705" type="PERSON" weightage="20" keywordseo="Per-Cent">per cent</keyword> of pre-Covid by December'20 quarter) and recent property registration data showing growth in transactions year on year. "Given the breadth of the volume pick-up (across segments and cities), we believe that a longer cyclical upturn is now underway. We believe that sales in 2021 could exceed the 2018-19 levels by 10 per cent, nearly doubling YoY, as the property cycle gets underway", the report added. SEE ALSO: <a href="https://www.businessinsider.in/science/health/news/here-are-the-top-10-virus-and-diseases-that-could-cause-the-next-pandemic-if-they-arent-stopped-in-their-tracks/slidelist/80116787.cms">Diseases deadlier than COVID-19 are already in the making — here are the top ten candidates that could cause the next pandemic</a> <a href="https://www.businessinsider.in/stock-market/news/analysts-explain-why-burger-king-and-mrs-bectors-shares-fell-with-a-thud-and-what-to-do-now/articleshow/80120941.cms">Analysts explain why Burger King and Mrs Bector’s shares fell with a thud — and what to do now</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-bajaj-finance-hdfc-bank-beml-indigo-godrej-consumer-hero-moto-and-others/articleshow/80126217.cms">Top stocks to watch — Bajaj Finance, HDFC Bank, BEML, IndiGo, Godrej Consumer, Hero Moto, and others</a> <a href="https://www.businessinsider.in/business/startups/news/boat-raises-over-100-million-from-warburg-pincus-analysts-expect-the-headphone-brand-to-double-its-revenue-to-10-billion-this-financial-year/articleshow/80126200.cms">boAt raises over $100 million from Warburg Pincus — analysts expect the headphone brand to double its revenue to ₹10 billion this financial year</a>

You Searched For "rera report" and got 12 results

The state which resolved the most home buyer complaints is the most sluggish when it comes to RERA registrations

Katya Naidu

COVID-19: Rajasthan relaxes regulations for real estate developers

PTI

Sobha, Mahindra Lifespace become multibaggers in 2021 as analysts see strong upside in realty space

Bhakti Makwana

Nearly one in three Rupees lent to builders is unlikely to come back

Katya Naidu

Additional 6.4 crore homes required by 2036 because of population growth: CREDAI-Liases Foras

PTI

Coronavirus impact: Bookings of residential units in Mumbai region falls 78 pc in Feb-Mar

PTI

Proptech firms to attract huge capital from investors post COVID-19

PTI

Here’s a fact check after Indian President's glowing tribute to the Narendra Modi government

Sriram Iyer

Video did not kill the Indian radio star – not yet

Sanchita Dash

No one quite knows where India’s housing market is headed

Rimin Dutt

Lockdown: Housing demand expected to remain muted, say rating agencies

PTI

India's retail investors bought stocks worth $12 billion between January-September in 2020

IANS

Popular Keywords

Buying Guides