The government has successfully sold 4.8 lakh square feet of commercial space for Rs 1,905 crore in South Delhi, attracting several significant buyers.
Vasundhara Enclave in Delhi-NCR has the potential to attract end-users but is facing weak demand for housing units. Property prices are stable with low demand.
Mumbai & Delhi ranked among world's cheapest cities in a survey by Economist Intelligence Unit, while Tokyo tops the list of most expensive cities.
DLF, India's largest real estate company, plans to reinvest in Delhi's real estate market after selling its stake in Aman Resorts. This move aims to reduce debt and refocus on core business, with new projects expected within four months.
Rising steel and cement prices impact India's real estate sector, hitting middle and lower-class housing demand.