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.
Mumbai’s luxury real estate sees a 10% annual price increase, with Delhi-NCR and Bengaluru also showing growth according to Knight Frank’s Prime Global Cities Index.
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.
Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.
Mumbai and Gurgaon see significant increases in coworking rental prices, with Mumbai rising by 27% and Gurgaon by 19% over the past four years, according to a MyHQ by Anarock report.
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.
Bengaluru's rental inflation exceeds Singapore's due to a 20-30% rent increase, driven by companies ending work-from-home policies.
In the Mumbai real estate market, developers are reintroducing 'buy now, pay later' schemes to boost sales amidst excess inventory and increased competition.
Luxury real estate transactions surged in India before the fiscal year's end, with ticket sizes ranging from ₹10 crore to over ₹100 crore. Experts attribute this to several factors including capital gains reinvestment limits and market volatility.
Mumbai's real estate market saw a 21% YoY increase in property registrations in February 2024, despite a 22% drop in stamp duty collections. Residential units dominate the market, with smaller apartments gaining popularity.
Motilal Oswal Alternates announces the first close of its sixth real estate fund, IREF VI, targeting investments in mid-income/affordable residential projects across India’s top 8 cities.
The Urban Land Institute's Annual Conference in Mumbai will address urban development challenges, featuring prominent leaders sharing insights on various real estate issues.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
The real estate industry in Mumbai is grappling with increasing cases of fraud and deception by developers, leading to significant financial losses for homebuyers and legal action.
Luxury and mid-range housing demand surges in Pune and MMR, driven by factors like tax incentives, rising incomes, and NRI investments. Property values have increased significantly, especially in Mumbai, impacting affordability. Despite rising costs, sales remain strong, with buyers prioritizing larger homes and better amenities.
Mumbai developers like Oberoi Realty, Godrej Properties, and Hiranandani Group are acquiring land in Ayodhya, driving property price increases by 179% post-temple opening.
Mumbai's property tax remains unchanged for the fiscal year 2024, providing relief to homeowners amidst ongoing financial challenges, according to the state cabinet's recent decision.
Knight Frank's report reveals Singapore as the top Asia-Pacific residential market with 13.7% YoY growth. Bengaluru and Mumbai also rank in the top 10.
Forbes Global Properties enters Indian market with luxury brokerage services & development plans in Delhi, Mumbai, and Goa.
Prime Minister Narendra Modi inaugurated the Mumbai Trans Harbour Link (MTHL), expected to cut travel times and boost economic growth. Real estate experts have mixed opinions on whether property prices will rise.
India's real estate market has flourished in 2023, particularly in luxury housing, with increased sales and strong demand across multiple segments, signaling ongoing growth.
Reliance Communications has received NCLT Mumbai's approval to sell parts of its real estate holdings, allowing the resolution professional to divest assets during the insolvency process.
Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
SEBI amends REIT regulations to allow Small and Medium REITs (SM REITs) with a minimum asset value of Rs 50 crore, expanding market access for retail investors.
MHADA extends registration for Pune and Konkan lottery schemes to November 11 and 12, 2023, offering over 11,000 affordable homes. Details on application and payment follow.