Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
Bangalore’s real estate market, driven by IT professionals, posted a 19% hike. East and North Bangalore areas, renowned for accessibility, infrastructure, and social structures, saw increased demand.
BMC to demolish illegal Campa Cola flats after May 31, 2015, despite monsoon season. Residents seek legal options as state government rejects ordinance, leaving them with an uncertain future.
The Supreme Court upheld the May 31 deadline for vacating illegal constructions in Mumbai's Campa Cola compound, leaving residents with a six-week notice to submit vacation undertakings.
Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.
Gurgaon's Rapid Metro boosts property prices, rentals in surrounding areas by up to 90%
The local real estate market in Gujarat is gearing up to capitalize on Maruti Suzuki's planned plant, with builders acquiring land for residential and commercial development.
Reliance Group sells 35 of 100 upmarket flats in Navi Mumbai's NRI Seawoods Complex, seeking Rs 125-270 cr for remaining units.
A recent survey of India's top cities reveals a struggling real estate sector with substantial unsold inventory, particularly in Delhi-NCR, Mumbai and Bangalore.
Campa Cola residents refuse to vacate illegal flats, defying Supreme Court's deadline. Civic officials prepare for demolition amidst resident resistance.
Mumbai residential buildings at high fire risk, with 90% violating safety guidelines in recent inspections.
Pune real estate has seen significant price growth since 2011, but sales have recently slowed. It remains more affordable than Mumbai and NCR, supporting its market.
Aditya Birla Group invests Rs 130 cr in a residential project on Dwarka Expressway by Tata Housing and Sidhartha Group, with expected IRR of 25-27% over four years.
Noida is transforming into a luxury real estate hub with high-end residential and commercial projects by Bhasin Group, Premia, Four Seasons, and Supernova.
Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
Delhi-NCR housing sales rise 20% in H1, driven by affordable launches, with 37,000 units sold, despite overall market slowdown
The Dwarka-Gurgaon Expressway, also known as the Northern Peripheral Expressway, is set to become a hotbed for real estate investment with significant growth potential in the coming years.
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.
