Chennai's real estate sector achieved a historic milestone with 27,440 property documents registered in one day, generating a record revenue of ₹273 crore. This surpasses the previous peak and highlights the city’s thriving property market driven by auspicious days, infrastructure growth, and efficient registration processes. Key factors include cultural influence, streamlined government.
Karnataka Government plans to cut guidance values by December, potentially boosting the property market. A lower guidance value is expected to increase property registrations and government revenue.
Gitanjali Gems Ltd is launching a high-end residential project in Borivli, Mumbai, with two towers spread over 400,000 sq ft. The project is expected to generate revenue of 400 cr.