Delhi NCR's realty market faced ambiguity due to debt procedures. Faridabad led new project additions, followed by Gurgaon and Greater Noida. Delayed housing units further impacted sales.
A Delhi-based developer, Manoj Bhardwaj, was arrested for allegedly duping 455 investors across several cities with fake real estate projects.
Faridabad is transforming into a smart city with plans for improved infrastructure, new residential projects, and affordable housing options, enhancing its appeal against Gurgaon.
Omaxe Ltd reports strong sales growth for the first half of the fiscal year, with a 26% increase in property sales. The firm attributes its success to higher average realization rates.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Industry experts predict a surge in mid-segment housing demand, driven by affordability, particularly for 2 BHK apartments across various regions in India.
Land scam allegations in Faridabad involve top politicians, including local MP Avtar Singh Bhadana, amid claims of illegal land encroachments and corruption.
This Navaratra marks a significant resurgence in the real estate market, as buyers eagerly engage in transactions, a trend anticipated to continue through the summer vacation.
Neharpar in Faridabad emerges as an attractive investment destination with affordable prices, drawing interest from buyers and developers alike.
The economic slowdown has led to significant price drops for homes in the National Capital Region, creating a buying opportunity despite project delays from developers.
Mahindra and Mahindra declares no slowdown in its real estate ventures despite a general demand slump. Key cities like Jaipur, Chennai, and Faridabad are noted for strong performance.
Ginger Hotels plans to open 60-70 properties across India in the next few years, focusing on refurbishing existing hotels and expanding its business model.
SRS Group to invest ₹1,000 crore in 3 years, launch IPO by fiscal year-end. Plans include a 5-star hotel, IT park, residential complex, retail expansion, and new cinema screens.
Real estate developers are offering incentives like "No EMI till possession" and "EMI holidays" to boost sales amid a sluggish market. These offers aim to attract end-users by easing the financial burden until project completion.
Citibank's Property Investment unit invests $160 million in BPTP's SPV, acquiring a 40% stake to develop four SEZs in NCR, signaling strong investor confidence.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.