CREDAI criticizes Maharashtra's policies as investor-unfriendly, prompting a shift towards Gujarat for real estate investment, driven by high costs and slow approvals in Mumbai.
The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
Rising realty costs trouble homebuyers, 30% price hike since Aug 2009, experts anticipate 15% correction for market buoyancy.
Transport Corporation of India Ltd has announced the consolidation of its real estate and warehousing activities into a newly formed company, TCI Developers Limited.