While 32 per cent of total sales were in the affordable category in December FY16 quarter, the number has crossed the halfway mark now.

Over 93 lakh houses are lying unsold in India's top eight cities, and another 23 lakh are behind schedule.

Edelweiss has claimed that it has \"acted responsibly, not only in safeguarding the interests of its investors but also in ensuring that market integrity is maintained.\"

More than 50 million sq ft of office space leases are set to expire across India in 2019, with annual rental at around Rs 3000 crore.

The rate cut is a huge relief for homebuyers. Home loan interest rates have risen by as much as 5 to 7 per cent in the last one year because the RBI hiked its repo rates by 50 basis points over the period.

Real estate sales growth has been hovering around 6 to 7 per cent for some years, with high unsold inventory that will require 40 months to clear up.

Developers took debt and kept adding housing stock into the market without any productivity. Since sales remained abysmal all this while, developers are finding it difficult to meet their debt obligation at this point.

Developerstook debt and kept adding housing stock into the market without anyproductivity. Since sales remained abysmal all this while, developers arefinding it difficult to meet their debt obligation at this point.

The government has tried to apply balm on realty sector's wounds with sops ahead of the 2019 general elections. But that may not be enough.

For the consumers, the government has tried to boost sales of second homes by trying to relax norms for genuine self-occupiers, who already have a house. For self-occupied second homes, where family is living, consumers do not have to pay tax on notional rental income.