[INDIA REAL ESTATE NEWS] Good morning, everyone. |
I’m Kyungwon staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.
KOCHI: City planners will have to formulate a development plan for Ernakulam, marking out detailed coastal regulation zones (CRZ) and wetlands in the
wake of the demolition of residential buildings in Maraud. A gross mistake committed by municipal officials proved costly for hapless flat-owners, who had put their
hard-earned life savings into the illegal buildings.
Weak demand, inventory overhang, developer defaults coupled with the worsening of the NBFC crisis has dried up funding for the sector, which in turn has
increased the borrowing cost and impacted finances for the already strained sector. On the residential market outlook, report points out that Around 74%
of the stakeholders have shown a positive outlook for the coming six months maintaining that residential sales.
Read more at https://economictimes.indiatimes.com/wealth/real-estate/maradu-flats-demolition-restoring-the-faith-of-homebuyers/articleshow/73290572.cms
Have a nice day.