Steel & Construction Update: July 2017

GST to make steel sector more organized
Steel industry says with the goods and services tax (GST) rollout unorganized players in the sector will have to move to organized form of doing business

 RERA likely to impact performance of developers in FY18: ICRA
ICRA says RERA in the short-term may pose challenges for developers, but in the long term it is expected to increase customer confidence and improve demand prospects

Land deals pick up pace amid falling prices, rising distress
Delhi NCR, where land values have dropped by 30-40%, may be the worst impacted by the real estate slowdown, but that hasn’t deterred buyers

CPPIB is top real estate investor in India in the first half of 2017
Canadian pension fund CPPIB entered into two real estate deals worth $750 million

Cement prices to rise 6% YoY: ICICI Securities report
ICICI Securities report says average cement prices are likely to be up 6% YoY and 7% QoQ, led by the western region where prices are likely to be up 10% YoY and 15% QoQ

Does a renovated NHB Residex help homebuyers?
The Residex index is now more current and user friendly, but is that enough to make it appealing and more relevant for all?

Residential property developers may attract bigger chunk of equity capital
Residential property developers are finding a larger chunk of equity capital coming their way as private equity funds are loosening purse strings after four years

Will real estate development management model take a hit under RERA?
Stringent partnership rule under RERA is likely to disrupt development management (DM) strategy of real estate developers

Steel stocks at highest in years, thanks to China
Demand in China, which produces half the world’s steel, has been surprisingly strong this year and the country closed some plants to ease a glut that had spread across the globe

 Realty sector sees ₹16,000-crore investment in first half of fiscal

TN to unveil new housing policy

Demand for green buildings grows as health, environmental concerns rise

Building permits in TN set to go online

Home buyers should avoid projects nearing completion to escape higher EMI burden

India can produce 300 mt of steel by 2030: Experts

ICRA, IIFCL launch rating system for infra projects

Structured debt transactions in real estate slow down

Affordable housing set to grow by 30%: Report

Tamil Nadu to create RERA-like rent authority under act

Cement sector set to be positively impacted by GST: Fitch

NHB examining relaxing NPA classification limit beyond 90 days

No GST on housing society RWA with Rs 5000 per month subscription

Residential launches decline 41% in H1 2017: Survey

NHB to come out with notification on LTV ratio shortly

Builders ignoring RERA will face action: Tamil Nadu government

Tamil Nadu government plans new cess, flat prices may go up

GST incentivises investments in SEZs: Official

Architects in Kerala to be penalised in case of violation of building rules

Overseas investment in Indian real estate surges

Green buildings footprint to triple in India by 2020: Mahesh Ramanujam, CEO, GBCI

Digging up Demand

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