Union Budget 2024 boosts real estate market, allocates Rs 10 lakh crore for urban housing, benefiting one crore poor and middle-class families, developers, and homebuyers.
Finance Minister Nirmala Sitharaman presents Budget 2024, anticipating focus on affordable and middle-class housing. Industry seeks tax breaks, GST concessions, and incentives for developers and buyers.
Bengaluru remains a top choice for NRIs investing in residential real estate, driven by the city’s favorable climate and growing property values despite traffic issues.
Developers from Bengaluru and Mumbai increase footprint in each other's cities, driven by growth, sales velocity, and better margins, with some finding lower land prices in Bengaluru attractive.
Faridabad is emerging as a prime location for luxury residential development, offering larger, more affordable properties compared to Gurgaon and Noida, boosted by infrastructure improvements and increased connectivity.
The Indian real estate market is poised for a major transformation. Economic shifts, government policies, and tech innovation will drive growth and change in 2024.
The real estate market experiences slower activity during elections, while homebuyers remain active, driven by needs, amid anticipation of policy changes.
India's real estate market soared in 2023, exceeding expectations. Homeownership is favored over renting. Experts predict promising 2024 due to resilience and affordability.
Indian home prices are projected to increase by 4-6% this year, driven by rising incomes. CRISIL Ratings anticipates interest rate cuts to spur housing demand and sales.
HRERA Gurugram imposes Rs 50 lakh penalty on Countrywide Promoters Private Limited for a misleading advertisement of their real estate project Green Oaks.
India's real estate market sees surge in land transactions, driven by luxury living demand, with 58% increase in land deals since 2022, and growing traction in Tier 2 and 3 cities.
Mumbai's real estate is transforming with the rise of micro-markets like Dombivali and Thane. These areas offer unique opportunities, catering to specific demographics and lifestyle needs, driven by improved connectivity and infrastructure.
Bengaluru's housing sales fell by 2% in Q1 2024, primarily due to a significant drop in affordable housing, while office space demand remained stable.
Residential sales in Bengaluru fell 2% YoY in Q1 2024, while sales of units priced above Rs 1 crore saw a 40% increase across top 8 cities.
Signature Global plans to complete 28 projects in Gurgaon and Sohna by 2026, targeting revenue of Rs 11,000 crore from affordable and mid-segment units.
Indian home prices are projected to rise by 7% this year and next, driven by luxury real estate demand. The affordable housing gap remains a concern despite interest rate hikes by the Reserve Bank of India.
Motilal Oswal Alternates announces the first close of its sixth real estate fund, IREF VI, targeting investments in mid-income/affordable residential projects across India’s top 8 cities.
The Gujarat Housing Board is introducing new housing projects aimed at various income groups to address the state's housing demands, with ongoing initiatives in Surat, Ahmedabad, and Vadodara.
The real estate industry hopes for tax breaks, a broader definition of affordable housing, and increased retail participation in REITs in Budget 2024.
The Indian real estate market, particularly in Bengaluru, is transforming with a focus on integrated townships and fractional ownership, enhancing investor confidence and opportunities.
The demand for luxury real estate continues to rise, with buyers showing an insatiable appetite for lavish homes. A recent Anarock study indicates a significant increase in luxury property sales across metropolitan areas.
Yamuna Expressway is transforming into a real estate hotspot driven by upcoming infrastructure projects like the Noida International Airport. The region offers diverse investment opportunities, attracting significant interest and promising high returns.
UP Awas Vikas offers 20-25% discount on apartments under its housing schemes, with a deadline of Dec 15, 2023, for application and Dec 30, 2023, for selection.
Exploring the benefits and production process of laterite bricks, a key choice for sustainable construction in India due to their affordability and eco-friendliness.
MHADA extends registration for Pune and Konkan lottery schemes to November 11 and 12, 2023, offering over 11,000 affordable homes. Details on application and payment follow.