RBI's rate hike impacts homebuyers, say builders and bankers. Increased interest rates expected to further lower home sales as buyers reconsider purchases.
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.
Real estate prices in NCR surged by 20-27% in Q1 of the current financial year compared to the same period last year, driven by continued demand and infrastructure improvements.
Wealthy buyers of Commonwealth Games apartments in Delhi struggle to gain occupancy, facing rising loan interest and deteriorating conditions at the vacant properties.
Multinational retailers like Walmart, Carrefour, and Tesco may soon be allowed to open stores in India under strict investment norms and sourcing conditions.
JP Morgan has financed $30 million for Parsvnath Developer’s La Tropicana residential project in New Delhi, allowing Red Fort Capital to exit with a 30% return.
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.
DDA's 2008 housing scheme in Vasant Kunj, South Delhi, remains largely unoccupied due to lack of basic amenities like water and electricity.
The Income Tax Department is investigating real estate deals in New Delhi to combat black money and tax evasion. They will scrutinize developer funding and individual transactions.
India is gearing up to host its first Formula One Grand Prix, spearheaded by Jaiprakash Gaur, founder of Jaypee Group. The race will be held at a new "sports city" being developed near New Delhi.
A real estate exhibition organized by the Times of India newspaper will commence tomorrow in Doha, showcasing the best real estate options across India.
Tata Sons is urging its subsidiaries, Tata Realty and Tata Housing, to cease their competition, which is adversely affecting their overall operations in real estate.
ITDC is renovating Hotels Janpath and Samrat in New Delhi. Hotel Janpath will feature in-room spas and a rooftop solarium, with an estimated investment of Rs 45 crore.
The International Interiors & Real Estate Expo in New Delhi promises networking and investment opportunities, offering free entry and exclusive discounts for members.
Indiareit Fund Advisors is launching a Rs 500 crore real estate fund aimed at investments in residential projects across Mumbai, New Delhi, and Alibaug.
Delhi's real estate is booming due to increasing demand from students, tourists, and businesses. Factors like location and accessibility influence property prices, with areas near landmarks and transport hubs being highly sought after.
New Delhi witnesses a 25% decline in retail rentals. The city ranked 69th globally in Q1 2023 due to decreased consumer spending and rising unemployment.
New Delhi tops as India's most expensive city for expats, globally ranks 65th in cost of living.
Real estate player Unitech repays Rs 200-crore loan to Indiabulls Financial Services through asset monetisation and internal debt restructuring.
DLF-Hilton's joint venture faces regulatory delays for the Hilton Garden Inn project in New Delhi, but the partnership remains strong with 17 projects underway.
TDI Infrastructure Ltd. launched "Build and Earn" scheme, offering subsidized construction and assured rentals to TDI City, Kundli plot owners.
Choice Hotels plans to invest fifteen hundred crore rupees over two years to expand its hotel count in India from 25 to 50.
The Indian real estate market faces a significant slowdown, but agents and developers are hopeful that the upcoming Diwali season will revitalize activity.
The Indian real estate sector is booming, attracting significant investments and driving development in metropolitan and surrounding areas, despite challenges related to regulation and land issues.
Rental prices in key Indian industrial towns surge, with New Delhi experiencing a 13% increase in 2008, reflecting high demand and limited development space.