India's Q1 2024: 9% rise in home sales, 43% surge in office leasing, driven by global capacity centers, with Mumbai leading residential growth.
In Q1 2024, India's top seven cities recorded over 1.30 lakh homes sold, the highest in a decade, supported by the RBI's decision to maintain a stable repo rate.
Connectivity surpasses location as the prime factor in real estate, impacting property values and lifestyles. Access to co-working spaces, transportation, and reliable internet are now crucial for investors and residents.
The Indian real estate market is projected to reach $1.3 trillion by FY 2034, significantly impacting the economy, driven by residential demand and commercial development.
Residential sales in Bengaluru fell 2% YoY in Q1 2024, while sales of units priced above Rs 1 crore saw a 40% increase across top 8 cities.
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
Indian real estate developers aim for 3,000 acres in land deals in FY24, a 59% increase from last year, driven by increased land availability and high demand.
Noida's real estate market is poised for growth with the development of "Japanese" and "Korean" industrial cities, attracting foreign investment and boosting infrastructure.
Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.
India Aims for Developed Real Estate Sector by 2047 for Sustainable Urbanization
A settlement between the National Association of Realtors and a lawsuit will make real estate agent compensation negotiable, potentially lowering broker fees. Buyers may need to pay agents directly.
National Association of Realtors settles antitrust lawsuits, ending fixed commission regulations and potentially lowering home buying costs. This could reshape the real estate landscape, impacting commissions and company profits.
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.
A report highlights the challenges faced by women in India's construction industry, including low representation, high attrition, and the need for better support systems and pay equality.
The Indian real estate industry is transitioning towards sustainability, with a focus on green building practices, technological innovation, and cooperative efforts. Key challenges and solutions are discussed.
MAHARERA revokes registrations of 13,785 real estate agents for regulatory non-compliance, emphasizing integrity and accountability in the industry.
Foreign investments made up 77% of institutional investment in Indian real estate from 2019 to 2023, indicating strong global confidence in the sector.
MahaRERA's conciliation forum boasts a 35-50% success rate in resolving disputes between homebuyers and developers, handling over 1,200 cases since 2018.
Mahindra Lifespace Developers Ltd. acquired 9.4 acres in Bengaluru for a Rs. 1,700 crore residential project, focusing on mid-premium housing and spanning 1.2 million sq ft.
Indian investments in foreign real estate, especially in Europe and UAE, surge due to Golden Visa schemes and high rental yields of over 7%.
Indian home prices are projected to rise by 7% this year and next, driven by luxury real estate demand. The affordable housing gap remains a concern despite interest rate hikes by the Reserve Bank of India.
Knight Frank India appoints Harry Chaplin Rogers as Director of International Capital Markets to bolster investment opportunities for clients in the flourishing Indian real estate market.
Comparing Godrej Properties and DLF for better long-term investment prospects amidst a notable upswing in the real estate market, driven by high pre-sales numbers.
Yashvi Homes Pvt Ltd has been fined Rs 25 lakh by RERA Gurugram for misleading advertisements regarding their Golden Gate Residency project under DDJAY.
Bengaluru's housing sales surged by 29% in 2023, reaching 63,980 units, driven by its tech hub status, infrastructure growth, IT sector resurgence and government policies.