Samruddhi Circle in Nagpur has become a premier investment destination with land prices surging 3.7x since 2015 and projected to grow 5.2x by 2035. Boosted by infrastructure like the Samruddhi Expressway and Metro Rail, this Tier-II city micro-market offers high investment potential. Experts highlight Nagpur's transformation into India's key real estate hotspot.
Nagpur’s real estate market is thriving due to infrastructure upgrades, Smart City projects, and strategic location, driving property prices up by 58% in key areas like Hingna Road.
Nagpur's real estate market witnesses rising interest in mid and luxury homes as economic opportunities and strategic infrastructure drive buyer confidence.
The Nagpur Metro Rail Project is transforming urban connectivity, sparking increased property demand along key corridors as residents seek improved access to commercial hubs and residential developments.
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.
Urban development has approved a 1% increase in stamp duty for the Metro rail corridor, raising it to 7.5%, while discussions on boosting FSI continue.
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.
Credai Maharashtra praises state's decision to reserve 20% of flats for the weaker section in developments on one acre of land. The policy aims to reduce slums and provide affordable housing.
Surabhi Chemicals, recently acquired by Mahadhan Vincom, is venturing into real estate with projects planned in Nagpur, Surat, and Vadodara. The company intends to invest Rs. 30 crore, focusing on western India.
Indian builders showcase new projects at Kuwait Property Exhibition on January 11-12, targeting NRI homebuyers with properties from various cities and attractive investment opportunities.
Unity Infraprojects, with a healthy order book and strong balance sheet, presents a good investment opportunity. The company is poised to unlock value from its 9 million sq ft real estate projects across India.
The state government will implement its affordable housing policy on April 15, requiring builders to reserve 20% of land for small-sized housing, despite some reservations.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
Chief Minister Prithviraj Chavan inaugurated a web-based portal for issuing clearances for new building projects in Thane, aiming to enhance transparency and efficiency.
Real estate brokers in major Indian cities are switching to other businesses due to a slump in home sales. Smaller players are particularly affected, forcing many to seek jobs in different sectors.
LIC Housing Finance plans to expand its senior citizen homes business across India, aiming for a public listing within five years. The company has completed projects in Bangalore and Bhubaneswar, and is now eyeing Jaipur, Haridwar, and Goa.
The Income Tax Department has significantly expanded its real estate holdings, acquiring properties worth ₹2,500 crore across over 20 cities to enhance taxpayer services.
Provogue India ventures into real estate with a 300,000 sq. ft. project in Aurangabad, combining residential and mall spaces. This move mirrors similar ventures by other textile companies.
The realty market witnesses a resurgence in demand for luxury homes, not just in prime locations like Bangalore and Mumbai but also in tier-II and tier-III cities like Nagpur and Ahmadabad.
Indian real estate is experiencing a resurgence due to increased construction, especially in affordable housing, and record-low home loan rates. This has led to renewed optimism among consumers, particularly in Tier II and Tier III cities.
Transport Corporation of India Ltd has announced the consolidation of its real estate and warehousing activities into a newly formed company, TCI Developers Limited.
Tata BlueScope Building Solutions partners with Arshiya International to supply Butler Building Systems for multiple warehousing projects in India, signaling growth in the sector.
Sahara Prime City aims to raise Rs 3,450 crore from an IPO to fund development of nineteen thousand housing units and 16 integrated townships.
Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.
Ambuja Realty is expanding into real estate, hospitality, life care, and education despite the economic slowdown. The company has invested ₹1200 crore in projects since its inception.