Despite a real estate slowdown, land deals in India thrived in Q1 2008, reaching Rs 23,000 crore, with another Rs 10,000 crore in the pipeline.
Rentals in the National Capital Region are anticipated to stabilize due to increased supply in Gurgaon and Noida, with no major changes expected in Delhi.
Ansal Housing launches Ansals Tanushree group housing project in Ghaziabad, offering 2- and 3-BHK apartments ranging from ₹29-40 lakh.
Citibank's Property Investment unit invests $160 million in BPTP's SPV, acquiring a 40% stake to develop four SEZs in NCR, signaling strong investor confidence.
Noida Authority invites bids for nine hotels near the Taj-Agra Expressway, reflecting growing demand in the NCR region for hospitality and retail properties.
PropertyWala.com launches, offering free property advertising services. Its comprehensive platform facilitates property sales and rentals across India, featuring video tours, map integrations, and user-friendly interface.
Unitech, Indiabulls, and DLF postpone REIT listings on SGX due to market conditions, opting for private placements and domestic funding.
BPTP secures a 95-acre commercial plot in Noida for Rs 5006 crore, signaling robust real estate activity and positioning Noida as a competitive office space alternative.
Bahraini firm Acacia Real Estate buys 49% stake in Noida's Logix TechnoPark for $69 million, projecting a 24% annual return for investors.
Noida's Sector 119 is attracting builders and homebuyers, with projects by Eldeco, IVRCL, Gaursons, and Amrapali offering various amenities and strategic location advantages near key infrastructure.
National Highway-24 (NH-24) is attracting significant real estate investment due to rising housing costs in key Uttar Pradesh cities. The area offers affordable housing options and has witnessed the development of several townships, boosted by its proximity to Delhi and improved infrastructure.