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.
Punjab Government Announces New Real Estate Policy by December; Focuses on Infrastructure and Power Sufficiency
Better Options Property (BOP) plans to launch realty boutiques called "BOP Studios" across Indian cities. These studios, modeled as walk-in property shops, target prime locations, recruit thousands of professionals, and aim for multiple projects in various cities.
NRIs are avoiding real estate investments in India due to the global economic downturn, significantly impacting the realty sector.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
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.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.