5 positives for the realty market today

Property sales in Mumbai and housing projects launched by state governments are likely to have positive outcomes

Published on: Dec 14, 2015, 14:36:22 IST

By Vandana Ramnani

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Chain reaction: The recent flurry of real estate activity in Mumbai could bring some cheer to the Delhi-NCR market but much of the supply is likely to be in the affordable housing segment

Mumbai’s realty activity is likely to bring some cheer to the Delhi market (ISTOCK)

UP gets ready for affordable: The state government has launched the Samajwadi Awas Yojna scheme under which it hopes to develop about three lakh units. On offer are development and land use conversion charge waivers for the developer and no stamp duty for the buyer

Haryana takes the lead: Haryana’s affordable housing policy seeks to provide 1.25 lakh units. Builders taking up state housing projects are to be exempted from licence fees and infrastructure development charges

Current unsold inventory: The unsold inventory (in various of stages of construction) for the NCR and MMR at the end of September 2015 is 1,98,000 and 1,85,000 respectively, according to estimates by Knight Frank

Will new launches lead to oversupply? Launch of premium and affordable units in Mumbai and Delhi-NCR may lead to oversupply but that could turn out to be healthy for the market because only developers delivering quality products on time would be able to survive

ABOUT THE AUTHOR
Vandana Ramnani
Vandana Ramnani leads the real estate vertical at Hindustan Times Digital, bringing over two decades of journalism experience across real estate, education, human resources, and foreign affairs. She specialises in India’s real estate sector, covering residential and commercial markets in Delhi-NCR, Mumbai, and Bengaluru, with in-depth reporting on regulatory developments, urban policy, housing trends, and interviews with industry leaders. Her work has also appeared in the Hindustan Times newspaper and HT Estates. Earlier, Vandana played a key role in establishing the real estate vertical at Moneycontrol (NW18 Group), shaping its editorial direction and market coverage. She has also written extensively on international education for HT Education, tracking global study destinations, policy changes, and student mobility trends, earning the Singapore Education Award 2009 for Best Media Coverage (Print). Her reporting portfolio includes human resources and employment trends for HT ShineJobs and PowerJobs, as well as lifestyle and interior design features for HT Premium Homes. Vandana began her career with the Press Trust of India, gaining strong editorial and reporting expertise. She was also selected for a prestigious fellowship at Fondation Journalistes en Europe in Paris, where she wrote for EuroMag. One of her notable reporting assignments included covering Germany’s capital relocation from Bonn to Berlin. Outside of journalism, Vandana is a passionate traveller, constantly seeking out charming hideaways across India and the lesser-known, offbeat corners of Southeast Asia.Read More

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