ICRA expects recovery in housing demand to continue due to improved affordability, Real Estate News, ET RealEstate

NEW DELHI: Housing affordability in India has historically been low, with unit pricing remaining high due to rising land costs, zoning and floor indices-based restrictions, and high transaction costs and taxes. In recent years though, the government has been taking steps towards moderating real estate transaction/finance costs and taxes, through measures such as higher income […]

Students leave hostels in Dakshina Kannada, move into rented flats, Real Estate News, ET RealEstate

MANGALURU: Many outstation students in Dakshina Kannada district are avoiding hostels and other places of shared accommodation over Covid-19 concerns. They are renting flats instead, so they can have greater control over their living environment. Medical, paramedical and postgraduate students are driving this shift from hostels, where crowding and poor hygiene have always been a […]

Residential rentals take a hit on job losses, WFH model, Real Estate News, ET RealEstate

BENGALURU | MUMBAI: Residential property rentals across major markets have witnessed negative to negligible appreciation this year as an increasing number of young professionals prefer vacating rented homes and paying-guest accommodations or are seeking rent relief. The emergence of the work-from-home model and the economic fallout of the Covid-19 pandemic, including job losses and salary […]

Tenants struggle with rent hike owing to pay cuts, Real Estate News, ET RealEstate

PUNE: People living in rented accommodation in the city are finding it difficult to deal with the hike in rent owing to pay cuts faced by many for most part of the year. In March, the government had announced no increase in rent and other protection against tenancy termination for six months till September 25. […]

Home prices in Hong Kong fall 0.6% in October, Real Estate News, ET RealEstate

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday. The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year. […]

Buyers find it hard to sell condos amid housing squeeze in Canada, Real Estate News, ET RealEstate

File Photo TORONTO | OTTAWA: Eager to move his young family into a house with a backyard amid the pandemic, Dale-Paul Jordan listed his Toronto condo for sale last month and prepared to start bidding on detached homes. But the condo didn’t sell or get a single viewing. And when another seller in the building […]

After lull, Ghaziabad development body flat sales pick up in three months, Real Estate News, ET RealEstate

GHAZIABAD: After Covid lockdown woes, the cash-strapped Ghaziabad Development Authority (GDA) seems to be finally finding takers for its properties. Between July and October, GDA sold properties worth Rs 125 crore, officials said on Tuesday. This comes as a major respite for the GDA as the auction process had to be stalled between April and […]

Income hit, Gurugram residents seek upkeep fee cut, Real Estate News, ET RealEstate

GURUGRAM: Residents of some housing societies in Gurugram are demanding the reduction of maintenance charges citing financial instability and loss of jobs due to the pandemic. They have also alleged that maintenance agencies have reduced their manpower, affecting the quality of their work, and so the upkeep fees should be brought down. Yashesh Yadav, a […]

315Work Avenue lease out 12,650 sq ft space in Bengaluru to Tata Technologies, Real Estate News, ET RealEstate

BENGALURU: 315Work Avenue, a coworking space provider has leased 12,650 sqft of office space to Tata Technologies, a global engineering and product development digital services company in ORR, Bangalore. The new facility will house Tata Technologies’ design studio, lab stations, meeting and conference rooms, and a wellness centre and will leverage its expertise in electric […]

Landlords in US are getting squeezed between tenants and lenders, Real Estate News, ET RealEstate

NEW YORK: When it comes to sympathetic figures, landlords aren’t exactly at the top of the list. But they, too, have fallen on hard times, demonstrating how the coronavirus outbreak spares almost no one. Take Shad Elia, who owns 24 single-family apartment units in the Boston area. He says government stimulus benefits allowed his hard-hit […]

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