real estate

A Twitter chat on housing and city futures organised by India Housing Report on the occasion of World Habitat Day, October 4, 2021.

As a response to the COVID-19 migrant crisis and in furtherance of the Government of India’s ‘Atma Nirbhar Bharat’ mission, the Ministry of Housing and Urban Affairs announced the Affordable Rental Housing Complexes (ARHC) programme under the Pradhan Mantri Awas Yojana scheme to improve the living conditions of urban poor/migrant workers. Although the initiative is a novel step, it operational aspects demand more than what is being offered for enabling private/public agencies to leverage the opportunity and turn it into a grand scale programmatic intervention.  

The common narrative of most talk shows, media articles, and investor presentations suggests consolidation in the real estate market in recent years. The general perception is that demonetization and introduction of RERA and GST compliances have made real estate a business of deep pockets where smaller developers have been or are being acquired by the large developers and there is massive consolidation in the market. However, data from Liases Foras shows a completely different story. 

The private residential real estate market in urban India is diverse, and housing typologies vary within and across geographies. This is the third in a series of data pieces highlighting some of the characteristics of private real estate market in India across selected geographies between 2009-2019, based on data provided by Liases Foras, India’s only non-broking real-estate research company.

The private residential real estate market in urban India is diverse, and housing typologies vary within and across geographies. This is the second in a series of data pieces highlighting some of the characteristics of private real estate market in India across selected geographies between 2009-2019, based on data provided by Liases Foras, India’s only non-broking real-estate research company.

Providing housing that is safe, affordable, and accessible creates vibrant communities around it and a more secure and just world for all. It also contributes to building resilient cities strong enough to withstand adverse environmental conditions and disasters. The COVID-19 induced pandemic has further put a premium on the importance of putting a roof above one’s head.

However, despite the potential and size of the Indian affordable housing market, not many developers have been able to successfully make a sustainable business case out of it. This article analyses the challenges and opportunities for smaller and local developers to expand their footprint in this market, and outlines a framework for its execution.

The private residential real estate market in urban India is diverse, and housing typologies vary within and across geographies. This series of data pieces will try to highlight some of the characteristics of private real estate market in India across selected geographies between 2009-2019, based on data provided by Liases Foras, India’s only non-broking real-estate research company.

On 14 May 2020, Finance Minister Nirmala Sitharaman announced a “Rs 70,000 crore boost for the housing sector” in India by further extending the Credit Linked Subsidy Scheme under the Pradhan Mantri Awas Yojana (PMAY) for the Middle Income Group by one year, up to March 2021. This extension was announced as part of the second tranche of relief measures to boost the Indian economy under the Aatmanirbhar Bharat Abhiyan. However, the announcement is only aimed at satisfying a temporary need of reviving the economy without being mindful of fulfilling the real objective of the PMAY – to provide ‘housing for all’.

A new report by CLRA, authored by Renu Desai, offers extraordinary insights on-site construction worker housing in Ahmedabad, revealing gaps and opportunities for policy intervention.

The COVID-19 pandemic has badly affected the real estate sector in India, which was already struggling with a number of issues including sluggish sales. To get an understanding of what this means for the housing market, the IHR team spoke to Pankaj Kapoor, Managing Director, Liases Foras, which conducts data-driven market research on the real estate sector in India. We asked him about the effects of the pandemic and future prospects for the sector, which is an important supplier of housing in India.