India's office sector is on the rise, with REITs significantly expanding portfolios and demand projected to exceed 70 million square feet by 2024.
Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.
Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.
The recent release of electoral bond data by the Election Commission reveals substantial political contributions from various real estate companies, led by DLF and Chennai Green Woods.
Casagrand Suncity, Chennai, sold over 900 units in 5 days. The 40-acre township, endorsed by Silambarasan, features Roman architecture, 130+ amenities and opulent apartments.
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 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.
The central government's Vande Bharat Express initiative continues to expand with the inauguration of nine new train services on September 20, 2023, increasing the total operational trains to 34. These semi-high-speed trains aim to enhance connectivity and convenience for travelers across the country.
India's top residential markets saw 22% sales growth and 17% new supply increase in Q3 2023, driven by positive sentiment, pent-up demand, and steady interest rates.
Godrej Sunrise Estate, Godrej Properties’ first planned development in Chennai, offers residential plots ranging from 600 to 2400 sq ft, surrounded by greenery near Oragadam.
Chennai's SPR Highliving District, home to the city's tallest building, offers luxury living, extensive amenities, and a commitment to modern urban infrastructure.
Lakeview County apartments offer a refreshing alternative to metro living, boasting serene environments, lower property taxes, and potential for passive income through rentals.
Tamil Nadu Real Estate Regulatory Authority (TNRERA) ruled that developers collecting payments without a contract violates the TNRERA Act.
TNRERA Denies Compensation for Delayed Delivery and Lack of Car Parking
Ascendas Property Fund Trustee signs a forward purchase agreement with Casa Grande Group to acquire an industrial plant in Mahindra World City, Chennai.
The Indian Railway plans a significant investment in Chennai's real estate with a new residential tower and commercial complex on Wall Tax Road.
Bangalore surpasses Mumbai as India's most expensive city, according to RBI's CPI. High living costs attributed to the IT industry and inflated prices of essential goods.
The Madras High Court has reinstated the ban on registration of unapproved plots in Tamil Nadu and seeks details on applications violating the 2016 ban order. A special sitting is planned to address the issue.
Indiabulls Real Estate has secured ₹25 crore through the issuance of Non-Convertible Debentures (NCDs). The company plans to develop 11 projects spanning 30.51 million sq ft.
Emaar MGF's 'The Avenue' residential project in Chennai receives completion certificate for 7 of the 232 units. This 14-acre project includes a clubhouse and amenities.
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.
India’s second-largest reputed developers, Prestige Group, have won the FIABCI World Prix d’Excellence award, showcasing their leadership in the real estate market.
Larsen & Toubro secures new construction orders worth Rs 1,485 crore, including international projects in power transmission and cement plant construction.
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.
Japanese firms Hitachi, Takasago, and Ajinomoto plan to establish manufacturing facilities in OneHub Chennai, a 1,550-acre integrated industrial township.