Irfan Razack's family wealth hits $1 billion as Prestige Estates Projects shares surge. The company, now India's second-largest, boasts global brand tenants.
Residential sales in Bengaluru fell 2% YoY in Q1 2024, while sales of units priced above Rs 1 crore saw a 40% increase across top 8 cities.
Indian real estate developers aim for 3,000 acres in land deals in FY24, a 59% increase from last year, driven by increased land availability and high demand.
Signature Global plans to complete 28 projects in Gurgaon and Sohna by 2026, targeting revenue of Rs 11,000 crore from affordable and mid-segment units.
Coimbatore's thriving economy and strategic projects are attracting investors to its rising real estate market, especially in residential and commercial sectors.
Indian investments in foreign real estate, especially in Europe and UAE, surge due to Golden Visa schemes and high rental yields of over 7%.
Indian home prices are projected to rise by 7% this year and next, driven by luxury real estate demand. The affordable housing gap remains a concern despite interest rate hikes by the Reserve Bank of India.
UP to witness real estate boom with Rs 50,000 crore projects, creating numerous jobs for youth
Bengaluru's housing sales surged by 29% in 2023, reaching 63,980 units, driven by its tech hub status, infrastructure growth, IT sector resurgence and government policies.
In the Mumbai real estate market, developers are reintroducing 'buy now, pay later' schemes to boost sales amidst excess inventory and increased competition.
Mumbai's real estate market saw a 21% YoY increase in property registrations in February 2024, despite a 22% drop in stamp duty collections. Residential units dominate the market, with smaller apartments gaining popularity.
Pune's property registrations surged 46% YoY in January 2024, fueled by strong demand. Homes priced between ₹50 lakh and ₹1 crore saw the most activity, capturing 32% of sales.
China's Evergrande faces liquidation, impacting the global market, while India's real estate remains resilient due to government initiatives and RERA regulations.
Institutional investments in the Indian real estate market decreased by 12% in 2023, indicating investor caution and marking the lowest level since 2019.
Sales of luxury homes valued at Rs 4 crore and above rose 97% over the previous year in major Indian cities from January to September 2023.
The fractional ownership market in India is rapidly evolving, driven by growing demand for shared luxury real estate investments, including second homes and commercial properties.
The supply of commercial real estate in India's major Tier-1 cities increased by 7% in Q3 2023, reaching 14.61 million square feet. Hyderabad and Bengaluru led the growth.
GST applicability on renting residential properties in India changed on July 18, 2022, with 18% GST now applicable on rentals to registered persons, paid under Reverse Charge Mechanism (RCM).
This article explores capital gains tax on land sales, calculations, and exemptions under Section 54F, Capital Gains Account Scheme, and tax-saving bonds like REC.
Discover the pros and cons of renting a studio apartment in Bangalore, ideal for millennials on a tight budget seeking affordable, low-maintenance housing.
Commercial real estate investment in Noida is surging due to high demand, infrastructure, and connectivity. The city offers various commercial property types including office, retail, industrial, and more.
Commercial real estate (CRE) and residential real estate (RRE) each have unique investment characteristics. CRE generally offers stable income, while RRE requires less capital.
India's real estate market is booming. TDS applies to property transactions exceeding ₹50L. Buyers must deduct 1% TDS, deposit it with the Income Tax Dept.
Understanding the role of real estate agents is essential for buyers and sellers to streamline transactions effectively and benefit from expert market insights.
Greater Noida Authority has decreased real estate transfer fees on resale properties. For residential properties, transfer fees have been reduced to 2.5%.