Chandigarh introduces a digital auto-mutation system starting July 7, streamlining property transfers by eliminating manual applications and ensuring transparency. Ownership records update within a week, reducing delays and potential corruption. The system leverages real-time integration between the Sub-Registrar Office and Estate Office to automate processes for freehold and leasehold properties.
The newly inaugurated Vellore Airport under UDAN scheme boosts real estate demand, with rising property values in Abdullapuram vicinity. Enhanced connectivity attracts developers and investors, driving residential, commercial and industrial projects in Tamil Nadu's growing hub.
Uttar Pradesh revises Noida's circle rates by 20% - the first increase since 2016. Jewar property values may surge 70% due to the Noida International Airport project. Homebuyers face higher stamp duty charges, while farmers gain better compensation for acquired land. Feedback submissions closed April 5, 2025.
Bhubaneswar's growing IT sector, driven by new tech parks and infrastructure developments, is causing a surge in commercial real estate demand. Multinational companies' entry and government land allocation initiatives are revitalizing property markets, with strategic projects reshaping the city's economic landscape.
Kanchipuram leverages Chennai's booming real estate market, leveraging strategic infrastructure and industrial growth to attract investors seeking affordable properties with high appreciation potential. As Chennai's housing demand overflows, this historical city transforms into a prime investment destination.
Panchkula RERA introduces an online dispute resolution platform to streamline the complaint process and reduce case backlogs, providing faster resolutions for real estate disputes.
The Greater Mohali Area Development Authority (GMADA) demolished 40 unauthorized under-construction structures in Nayagaon's Karoran village to enforce urban regulations and curb illegal development, emphasizing planned growth in the Mohali region.
Hyderabad's real estate market achieves record-breaking ₹58,481 crore in H1 2024 sales, driven by luxury housing demand, IT sector growth, and infrastructure expansion. The city's North-West region contributed 62% of sales, while ultra-luxury properties saw a 63-fold increase since 2019.
Kozhikode's Smart City project is nearing completion, featuring advanced systems for traffic, waste, and public spaces, enhancing the city's real estate appeal.
Ranchi's upcoming state-of-the-art IT park aims to generate 10,000+ jobs, driving demand for premium office spaces and positioning the city as eastern India’s next tech hub.
Thiruvananthapuram's Technocity IT Park expansion drives commercial real estate growth, attracting IT companies and startups, boosting demand for office spaces and related infrastructure. With 100,000+ jobs potential and cutting-edge facilities, the IT integrated township redefines Kerala's commercial property landscape.
Mohali's IT City Project attracts major tech firms like Infosys and Tech Mahindra, driving demand for residential and commercial real estate to support industry expansion.
Contrary to concerns, HYDRAA has boosted Hyderabad's real estate growth, with notable improvements in residential and commercial activities between June and November 2024.
India's real estate market is booming, driven by factors like changing consumer preferences, government policies, and technological advancements. The market is expected to reach $1 trillion by 2030.
Colliers identifies 17 Indian cities as emerging real estate hubs driven by hybrid work models, digital penetration, and government initiatives, with market expected to reach $1 trillion by 2030.
Green construction is gaining traction in Indian real estate, driven by demand, regulations, and consumer awareness. Economic and environmental benefits make it appealing.
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
India Aims for Developed Real Estate Sector by 2047 for Sustainable Urbanization
China's Evergrande faces liquidation, impacting the global market, while India's real estate remains resilient due to government initiatives and RERA regulations.
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.
The supply of commercial real estate in India's major Tier-1 cities increased by 7% in Q3 2023, reaching 14.61 million square feet. Hyderabad and Bengaluru led the growth.
West Bengal leads in land reform with 23% of total land distributed, registering over 15 lakh Bargadars and distributing homestead land to 5.6 lakh beneficiaries.
PMAY-U: Govt extends Pradhan Mantri Awas Yojana - Urban till Dec 2024, aiming for 'Housing for All' with eligibility criteria and subsidies for various income groups.
The GNIDA has launched a new scheme for the allocation of industrial plots, aiming to attract investment and multinational companies to Greater Noida.
Montek Singh Ahluwalia emphasizes the necessity of private sector involvement in infrastructure development and highlights government initiatives for speedy project clearances.