Gujarat RERA imposed fines on Devnandan Builders, Dwarkadas Pritamani, and Shivalik Infraspace for violating RERA rules. Violations included booking apartments without registration and accepting advance payments beyond the permitted limit.
Residential real estate markets in top eight Indian cities show improved sales and decreased unsold inventory, except for NCR which still struggles with a high volume of unsold units.
Riddhi Siddhi group purchases 69,000 sq ft land in Bopal for Rs 268 crore, marking one of the year's largest real estate deals. The land, previously owned by Inductotherm India, is situated in a prime area connecting SP Ring Road and Ghuma.
Ahmedabad Municipal Corporation (AMC) plans to construct 9,980 residential apartments for the weaker sections of the city across 29 locations. 5092 are for EWS and 4887 for LIG.
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.
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.
Ahmedabad's developers are optimistic as the state government accelerates infrastructure projects, enhancing the city's real estate growth and attracting investment.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
Ahmedabad Urban Development Authority (AUDA) has frozen agricultural land conversion, affecting investors planning farmhouses. Only 5% conversion is allowed, impacting land sharks.
Ahmedabad's Urban Development Authority (AUDA) is poised to unveil a new development plan on February 1st, boosting the floor space index (FSI) by up to 30% and facilitating taller buildings across 68 villages.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
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.
Continued population growth in India creates a pressing need for additional housing, with major cities demanding over 2.1 million new units by 2016.
India's booming service sector fuels demand for commercial real estate, particularly in major cities. Despite economic slowdowns, IT, BFSI, and other service industries show strong growth, driving office space absorption to new heights.
JLL India partners with Everstone to manage four shopping malls across India, enhancing retailer and customer experience.
Godrej Properties experienced its worst quarterly performance since 2010, reporting a drop in profit and subdued sales, but management remains optimistic about future growth.
The Indian government is contemplating permitting increased vertical growth in cities by granting additional Floor Space Index (FSI) to curb rising real estate prices and fund urban infrastructure upgrades.
Ahmedabad's Luxury Market Thrives as Joint Families Opt for 5-6 BHK Flats
Godrej Properties stock has thrived despite market downturn, benefiting from strong brand equity and low capital-intensive model.
I-T officials uncover shady real estate dealings in Ahmedabad, focusing on brokers and undisclosed income during recent raids.
The Reserve Bank of India plans to create indices for commercial and residential properties in Ahmedabad to manage speculation and realty bubble risks.
Sahara Prime City aims to raise Rs 3,450 crore from an IPO to fund development of nineteen thousand housing units and 16 integrated townships.
Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.
Mumbai is the most preferred real estate investment destination, followed by Chennai, according to a recent survey. Patna, Nasik, Tiruchirapalli, and Madurai are also emerging as attractive options.
Indiabulls to Launch 6-7 Residential Projects with $500M Fund