In the first half of the year, India's major cities witnessed the launch of 1.32 lakh homes, a 5% increase compared to last year. New launches have declined in Q3.
Vastubodh Projects secures ₹40 crore from Avenue Partners for affordable housing projects, particularly AnandGram, to boost their development efforts in Pune.
Dalmia Group’s Landmark exits Wave Group's Ghaziabad project, earning 3.16 times its initial investment of Rs 111.26 crore amidst market slowdown.
Bhiwandi, Rajasthan, is emerging as a promising affordable housing hub due to its strategic location, industrial growth, and infrastructure development. It's becoming a sought-after area.
Bangalore real estate market sees increased unsold stock and varied demand across different parts of the city.
Indian housing prices saw a modest quarterly increase of 0.89% yet remain 14-15% higher yearly. Lucknow, Ahmedabad and Kochi experienced the most significant growth.
Southern Indian cities, Chennai & Bangalore, outperform NCR in real estate returns (40-70% vs 15-20%) & new launches, driven by user-demand vs investor-driven markets.
Tier-II and Tier-III cities in India are experiencing significant growth in residential real estate transactions, contrasting with the slowdown in major metros.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
The real estate market, once a high-growth sector, is currently facing challenges due to economic slowdown and revised funding rules. Experts advise caution and research before investing.
Property prices in NCR's micro markets have nearly doubled, with notable growth in areas like Gurgaon's Golf Course Extension and Dwarka Expressway.
DDA to auction 60 prime plots in Delhi after a year-long hiatus. The auction, scheduled for November, includes plots in Pitampura, Vikas Puri, and East of Kailash, with base prices exceeding ₹1 crore.
In response to RBI's new loan policy, developers are introducing offers and freebies to attract buyers amid an economic slowdown and unsold inventories.
Real estate investment requires careful consideration of funding, location, and developer reputation. Long-term investment strategies are advised, given the average annual price growth of 12-15% in major Indian cities.
Noida Authority to allot 900 flats at cheaper rates this Diwali, targeting LIG & EWS sections
Environmental activists surveying Mulayakad island in Kochi discovered significant mangrove destruction by real estate developers encroaching on Vembanad lake for development.
MHADA plans to redevelop Motilal Nagar Housing Colony in Goregaon, offering 600 sq ft flats to existing residents and constructing 32,000 additional affordable units.
Salman Khan owns Gateway Apartment, a luxurious residence in Bandra worth Rs.110 Cr, housing his family and exhibiting exceptional design and amenities.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Real estate investment in Uttar Pradesh surged 106% between 2008-09 and 2012-13, attracting Rs. 14,000 crore and ranking sixth nationally, according to ASSOCHAM.
Hines Realty from the US plans to enter India's residential market through joint ventures, focusing on mid-segment housing and possibly hotel projects in Delhi-NCR and Mumbai.
Indian cricket captain M.S. Dhoni is building a luxurious farmhouse on a one-acre plot gifted to him in Ranchi, Jharkhand. The property includes various amenities such as game pools, a swimming pool, a gymnasium, and a sports photo gallery.
Gurgaon faces severe power and water shortages, impacting residents and raising concerns about civic standards. Waste management issues further compound the problems.
Mumbai property rates soar 66% in four years due to land scarcity and limited supply, defying expert predictions of price correction.
Guwahati's real estate market is witnessing a significant boom, with rising demand for residential and commercial projects amid an economic revival in Northeast India.
