Page 18 - Banking Finance January 2019
P. 18

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               Rea  e tate  rice  to re ain  tagnant in                          o  ing  a e  ri e     in
                                            to ards the  ro ress on of the afford
          r ces  n the  ear      are    e   to re
                                            a  e hous n  se  ent   e are conf
          a n sta nant and deve o ers      con
                                                                                 he rea  estate sector sa  a  ost
                                            dent that th s  ove      set the tone
         t nue to focus on c ear n  e  st n   n
                                                                                                     er    cent
                                            for a  ros erous      for the  nd an
         ventor  rather  than   aunch n   ne                                                        sur e     n
                                            rea  estate sector   sa d  a a  Shah
          rojects as the  cont nue to  ra   e                                                       h o u s   n
                                             res dent   he  onfederat on of Rea
           th re u ator  chan es    e Rea  es                                                       sa es  n
                                             state  eve o ers  Assoc at on of  nd a
         tate  re u at on and deve o  ent  Act                                                      across  ajor
                                             nat ona    a  o    of  r vate rea  es
               R RA    oods and serv ces ta                                     c t es on sta  e rates and de and for
                                            tate deve o ers
           S   and overa   su dued de and                                       afforda  e f ats   ro ert  deve o ers
                                                            As far as co  er    and consu tants e  ect hous n  sa es
          n fact        s e
                                                                                to re a n su dued  n the f rst ha f of
                                                            c a   rea   estate   s
          ected  to   e  an
                                                                                     due to the cont nu n   B
                                                            concerned  co  or
         other  tou h   ear
                                                                                 u d t  cr s s and u co  n   enera
                                                             n  s aces are e
         for rea  estate de                                                     e ect ons
                                                             ected         to
         ve o ers    ven the
                                                            stren then  the r    o ever  sa es  a  sur e  n the sec
         on o n      u d t
                                                             os t on  n        t  ond ha f  f a  ro osa  to cut  S  rate
          ro  e   o  n  to
                                                             as a ne  conce t   on under construct on f ats fro  the
         the  B   cr s s   n
                                                             n   nd a  a  decade  current     er cent  ets a  roved and
         the  ast cou  e of
                                            a o   ut not an  ore   n the  ast fe      u d t  s tuat on    roves a on
          ears  afforda  e hous n   s the on
                                             ears   co  or  n  s aces have   t    B  s  non  an  n  f nance co  a
         se  ent  here transact ons see  to
                                            nessed a  ot of tract on and acce ta      n es    h ch have  een fund n  the
          e ha  en n    he trend  s e  ected to
                                             t                                  rea  estate sector heav     Afforda  e
         cont nue  n      as  e
                                                                                hous n   eca e the ne   u   ord
                                             h  e ear  er on   s a    us nesses and
           e see an u t c   n afforda  e hous                                   he   n  res dent a  se  ent to s   ht
                                             nd v dua   rofess ona s o ted for  t
          n  sector  oth fro  su     and de                                     recover fro   ts  o s  n       hen  t
                                            no  even  ar er co  an es are occu    as h t hard    the note  an  n  o
          and s de  h ch  eads us to  e  eve
                                               n  co  or  n  s aces             ve  er        and  t o  ne    a s
         that  t  ou d  e a  e  dr ver for the
                                                                                R RA and the  S       e ented  n
         res dent a  sector  n co  n  t  es     A s  n f cant chan e  n occu  er trends
                                                                                Ma  and  u         res ect ve
         sa d Sh sh r Ba ja   cha r an and  an   has  een   tnessed   th a  ar ed  n
         a  n  d rector   n  ht  ran   nd a  a  crease  n the co  ect ve ta e u  of co   Accord n  to      nd a  hous n  sa es
         rea  estate consu tant              or  n   s aces    sa d  Ra esh  a r    n       s est  ated to have r sen
                                                and countr  head       nd a  a rea    er cent  n seven c t es  a thou h on
          overn ent  ncent ves to  oth deve
                                            estate consu tanc  f r              a   o er   ase   A AR     data
         o ers  and ho e u ers are  ush n
                                                                                sho ed     er cent r se  n   c t es
         su     as  e   as de and   th n the   he share of co  or  n  s aces  n to
                                                                                 h  e  ro    er re orted     er cent
         se  ent   n a recent announce ent   ta  off ce  eas n   ncreased to      n  r se  n n ne c t es  Read  to  ove  n
         the  overn ent e tended the  enef t       fro      n         th  ore su    f ats  ere  n  reater de and due to
         of  red t   n  Su s d  Sche e    SS  on         e   to co e  n the near future    o  r s  and no  S    oods and Ser
         ho e   oans  for  the  M dd e  nco e   eas n   s e  ected to  ntens f   n        v ces  a
          rou    M     under  the   radhan
                                             n add t on  to  stron  de and fro    he a art ent  r ces  ere sta  e
         Mantr  A as  ojana   r an  t    the
                                            startu s and s a   and  ed u  enter   and  a  re a n f at ne t  ear  even
         end of March       A ho e u er can
                                             r ses   SM s     ar e   a nstrea    f de and    roves   ecause of over
         ava   a su s d  of u  to Rs       a h on
                                            cor orates are a so act ve    oo  n  at  su       he     e entat on of Rea
         ho e  oans under th s sche e                                            state  Re u at on    eve o  ent
                                            these ne  a e off ce s aces  added
                                                                                Act  R RA
           t       rove to  e another  ajor  ush   a r
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