{"id":1457,"date":"2018-08-07T14:33:22","date_gmt":"2018-08-07T14:33:22","guid":{"rendered":"http:\/\/financeintellect.com\/home-page\/home\/?p=1457"},"modified":"2018-08-07T14:33:22","modified_gmt":"2018-08-07T14:33:22","slug":"residential-sales-surge-by-25-in-h1-2018-credai-jll-report","status":"publish","type":"post","link":"https:\/\/financeintellect.com\/home-page\/home\/residential-sales-surge-by-25-in-h1-2018-credai-jll-report\/","title":{"rendered":"Residential sales surge by 25% in H1 2018: CREDAI JLL Report"},"content":{"rendered":"<p style=\"font-weight: 400\">CREDAI, the apex body of real estate sector released two joint reports with leading IPCs, JLL and Cushman &amp; Wakefield at the CREDAI NATCON 2018, its 18<sup>th<\/sup>\u00a0annual international convention held from 02<sup>nd<\/sup>\u00a0\u2013 04<sup>th<\/sup>\u00a0August, 2018 in Berlin, Germany. The two reports unveiled at CREDAI NATCON 2018 were a testimony to the unprecedented growth displayed by the real estate industry in India. The CREDAI-JLL report pointed at significant increase in sales velocity, recording a rise of 25% y-o-y with sales at over 64,000 units while another report unveiled at NATCON by CREDAI &#8211; Cushman &amp; Wakefield displayed heightened PE investment of INR 10,080 crores in Q2, 2018.<\/p>\n<p style=\"font-weight: 400\">NATCON 2018 saw over 1000 member developers and experts from the real estate sector, senior professionals from the financial world and ancillary industries participated in the three-day long convention aimed at facilitating\u00a0best practices and learning,\u00a0stressing on the importance of real estate as one of the building blocks of a nation\u2019s economy. The participants included key\u00a0capital market players from India and around the world, leading companies and Government officials. CREDAI also put forth robust demands for incentivizing developers to participate in affordable housing to continue the growth momentum. Some of the demands were\u00a0enabling tax benefits to projects registered prior to 1<sup>st<\/sup>\u00a0June, 2016, reducing land area utilization to 50%, a 12% GST with ITC and 2\/3<sup>rd<\/sup>\u00a0land rebate in metro cities, Development Rights (DR) in Joint Development Agreement (JDA), redevelopment agreements and Transfer of Development Rights (TDR) exempt; Housing loan interest deduction against \u2018Rental Income\u2019 for self-occupied property increased to Rs. 5,00,000 for realising the Government of India\u2019s vision of \u201cHousing For All\u201d.<\/p>\n<p style=\"font-weight: 400\">According to CREDAI-JLL Report, the demands aimed at providing further impetus to the growth of the real estate sector amidst the positive trends on investments and residential housing. The growth witnessed in H1 2018 can be attributed to two large factors, firstly returning buyers\u2019 confidence on account of implementation of RERA in most states and stable capital values that have started to show an upward bias. The general consensus amongst the buyers has been that the markets have bottomed out and capital values are now expected to move northward. These two factors, have pushed many fence sitters and new home buyers to take the purchase decision. This is despite the fact that the RBI has increase its REPO rate in the third monetary policy making borrowing for home loans dearer.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CREDAI, the apex body of real estate sector released two joint reports with leading IPCs, JLL and Cushman &amp; Wakefield at the CREDAI NATCON 2018, its 18th\u00a0annual international convention held from 02nd\u00a0\u2013 04th\u00a0August, 2018 in Berlin, Germany. The two reports unveiled at CREDAI NATCON 2018 were a testimony to the unprecedented growth displayed by the [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":1458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[847,845,846,848],"class_list":["post-1457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-credai-natcon-2018","tag-ipcs","tag-jll-and-cushman-wakefield","tag-transfer-of-development-rights"],"aioseo_notices":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Residential sales surge by 25% in H1 2018: CREDAI JLL Report - 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