The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
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Owners selling apartments are putting in a clause that if final order allows original buyers to get compensation.
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
Move to accelerate investments; Japan to have a share in corpus
The realty market has been reeling under declining sales, coupled with higher inventory, for the past two years.
Experts say with a stable government, things will start improving but the impact might be visible only after six-12 months.
Shift to new business model to help companies cut capital cost, increase margins.
Supertech also plans to file an SLP in the Supreme Court.
Many likely to be in trouble if restive consumers also petition the courts.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
Rents have risen most in Delhi's Connaught Place and Gurgaon's Cyber City & M G Road. Because of slowdown, supply has been restricted but demand has risen.
It also expects to get its REIT listed on the Singapore stock exchange next year.
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