News articles tagged Nagpur

Samruddhi Circle: Nagpur's Emerging Real Estate Powerhouse

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 Boom: Strategic Growth and Skyrocketing Prices

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 Rise: Mid & Luxury Homes Spark Growing Demand

Nagpur's real estate market witnesses rising interest in mid and luxury homes as economic opportunities and strategic infrastructure drive buyer confidence.

Nagpur Metro Rail Project Boosts Property Demand Along Key Corridors

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 purchasing more land

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.

1% stamp duty hiked in Nagpur Metro Rail corridor

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 in 12 cities rise, 10 observed dip in Q2

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.

Maha builders seek clarity for reservation of flats

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 Buys Land In Nagpur To Enter Realty

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.

Property Exhibition To Be Held In Kuwait On Jan 11 & 12

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.

Realty projects, roads focus to help build-up for Unity Infraprojects

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.

Affordable Housing Policy to be implemented by the State Government from 15th April.

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.

Realty Big Players Attracted Towards Small Cities for Expansion

Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.

Maharashtra Govt. Launches E-Portal for Building Plans

Chief Minister Prithviraj Chavan inaugurated a web-based portal for issuing clearances for new building projects in Thane, aiming to enhance transparency and efficiency.

Brokers Hunt for Jobs as Slump Hits Realty Sales

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 to Concentrate on Senior Citizen Homes Business

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.

Income Tax Department Procured Real Estate worth Rs 2,500 crore in a Fiscal

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 Announces Aurangabad Project

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.

Comeback of Luxury Homes

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.

Renaissance of Realty Sector

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.

TCI Consolidates

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 and Arshiya Intl tie-up

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 to use Rs 2860 crore from IPO

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.

Plaza Centers to invest three thousand crore

Zuri Group Global will invest ₹1200 crore in luxury residential properties and business hotels across India over three years.

Ambuja Realty plans to spread

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.