The Goa government has raised stamp duty on properties and infrastructure tax, impacting beach-side home buyers, as part of the 2008-09 budget.
Amidst declining home sales, Indian real estate developers are shifting focus to the luxury housing segment, targeting NRIs and high net-worth individuals.
Real estate speculation declines in Delhi-NCR due to price stabilization, impacting developer sales and project timelines.
NRIs from Gulf countries are heavily investing in Lucknow's residential properties, driven by emotional ties and retirement plans. The 2007 Indian Property Show in Dubai highlighted this trend, with Ansal Properties' Golf Villa attracting significant NRI interest.
Indian real estate values are anticipated to surge from $12 billion to $90 billion by 2015, driven by urban demand and a booming economy.
Ahmedabad's real estate market is booming, with property prices doubling in two years, attracting investors like NRIs. Increased demand due to new companies and town planning has fueled this rapid growth.
Greater Noida Authority will soon launch a new housing scheme with 5,000 single-story units priced around Rs 30 lakh each, featuring relaxed payment terms and expandable designs.