Faridabad is emerging as a prime location for luxury residential development, offering larger, more affordable properties compared to Gurgaon and Noida, boosted by infrastructure improvements and increased connectivity.
Offbeat real estate destinations like Sonipat, Bhiwadi, and Panchkula are gaining traction due to their blend of affordability, lifestyle amenities, and infrastructure developments.
Luxury residences in Gurgaon's DLF Golf Links and DLF 5, such as The Camellias, The Magnolia, and The Aralias, have seen a significant price increase of 125 percent between 2021 and 2024, driven by rising demand for luxury living and investment opportunities.
Godrej Properties reported record sales bookings of Rs 22,500 crore in FY24, an 84% YoY increase, driven by strong housing demand and successful project launches.
Delhi's air quality crisis has led to a ban on non-essential construction in the NCR. This decision impacts ongoing projects and vehicle regulations amidst severe pollution levels.
Parsvnath Developers sentenced to prison for delayed refunds to homebuyers, highlighting the issue of pending apartments in Greater Noida. Over 1 lakh apartments remain undelivered, with builders owing GNIDA ₹6,000 crore.
RERA will be fully implemented nationwide from May 1. Noida Authority will upload detailed project information online. Homebuyers seek transparency and tracking of construction progress.
Indiabulls Real Estate has secured ₹25 crore through the issuance of Non-Convertible Debentures (NCDs). The company plans to develop 11 projects spanning 30.51 million sq ft.
Residential real estate markets in top eight Indian cities show improved sales and decreased unsold inventory, except for NCR which still struggles with a high volume of unsold units.
Shri Group secures Rs 80 crore from Edelweiss for construction in Greater Noida West, citing positive real estate market trends and upcoming project phases.
Shobha Limited has initiated the handover process for the first phase of its International City project in Gurgaon, highlighting luxury living in a challenging real estate market.
Bangalore real estate market tops private equity investment, receiving Rs 1,990 crore in the first three quarters of 2013. Other cities such as Pune and NCR also witness significant growth.
Shapoorji Pallonji Group plans to expand its IT parks by 52%, adding 2 million sq ft to its existing 5 million sq ft portfolio across India.
The report highlights the fluctuations in mall vacancy rates across various Indian cities, influenced by leasing activity and the supply of new retail spaces.
Indian real estate deliveries face significant delays in 2013, impacting homebuyers. NCR lags behind, while Pune and Mumbai show better performance. Factors such as capital shortage, over-leveraging, and land availability contribute to the slowdown.
Gurgaon faces severe power and water shortages, impacting residents and raising concerns about civic standards. Waste management issues further compound the problems.
Soaring property prices deter buyers, leaving developers with unsold inventory and financial struggles. Major cities face declining sales, impacting developers like Mantri Realty.
Rajasthan Royals renews contract with Supertech for IPL 2013, marking the third consecutive year of partnership. Both entities express mutual benefits from the association.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
US real estate major Trump seeks to expand its presence in India with luxury housing projects in Mumbai and NCR.
ICICI Venture, a major Indian private equity firm, secured approximately $700 million last year through real estate and other funds. The firm plans further investments in key Indian cities.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
The Competition Commission of India (CCI) is probing five real estate firms, including DLF, for alleged anti-competitive practices, with DLF already facing a hefty fine.
Real estate sector signals recovery with new launches and investments by major players. Supertech, Ansal API, DLF, and Mantri Realty announce significant investments.
Bollywood superstar Shahrukh Khan has become the brand ambassador for NCR-based real estate developer Mahagun, marking his first endorsement in the real estate sector.