Faridabad is emerging as a prime location for luxury residential development, offering larger, more affordable properties compared to Gurgaon and Noida, boosted by infrastructure improvements and increased connectivity.
The Indian real estate market is poised for a major transformation. Economic shifts, government policies, and tech innovation will drive growth and change in 2024.
India's real estate market soared in 2023, exceeding expectations. Homeownership is favored over renting. Experts predict promising 2024 due to resilience and affordability.
Akash Pharande of Pharande Spaces examines past real estate trends during elections and forecasts future trends, highlighting the positive impact of elections on the market.
Suraj Morajkar of Sun Estates Developers aims to redefine luxury housing by blending it with Goan heritage. Morajkar emphasizes sustainability, innovation and community.
Mumbai saw 11,504 property registrations in April 2024, generating over INR 1,043 crore in revenue. Real estate developers are optimistic about growth, citing increased demand and infrastructure projects.
Offbeat real estate destinations like Sonipat, Bhiwadi, and Panchkula are gaining traction due to their blend of affordability, lifestyle amenities, and infrastructure developments.
India's real estate sector attracts $1.1 billion in Q1 2024, with residential sector leading investments at $693 million, driven by strong demand and supply.
India's luxury housing market saw a 10% YoY sales surge in Q1 2024, with Mumbai leading the demand. Driven by rising incomes and spending power, the segment is poised for continued growth.
Indian home prices are projected to increase by 4-6% this year, driven by rising incomes. CRISIL Ratings anticipates interest rate cuts to spur housing demand and sales.
India's ultra-rich are investing more in residential real estate, with 32% of their portfolio allocated to this sector, showing a shift in preferences and a growing appetite for luxury homes.
MahaRERA orders L&T Realty to return payment with a 2% deduction, following a similar ruling against Godrej Properties.
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.
Developers in Maharashtra anticipate increased home sales during Gudi Padwa, providing incentives like discounts and flexible payments. Experts note rising property prices and strong buyer sentiment.
Migsun Group is investing ₹426 crore in a mixed-use project in Lucknow, featuring studio apartments and retail spaces. The project, approved by RERA, targets both investors and end-users.
Indian real estate employment has risen from 4 crore in 2013 to 7.1 crore, driven by housing sector growth and government policies like RERA, GST, and PMAY.
MahaRERA directed Godrej Properties to refund a homebuyer after cancellation exceeding the 2% permissible deduction as per RERA guidelines, setting a precedent for similar cases.
In Q1 2024, India's top seven cities recorded over 1.30 lakh homes sold, the highest in a decade, supported by the RBI's decision to maintain a stable repo rate.
Retail boom in India impacts religious tourism. Tourists seek experiences beyond customary activities, driving growth in cities like Ayodhya and Varanasi.
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.
Indian real estate began 2024 strongly, with residential property demand rising despite price increases. Top cities saw increased housing sales, indicating market resilience.
A settlement between the National Association of Realtors and a lawsuit will make real estate agent compensation negotiable, potentially lowering broker fees. Buyers may need to pay agents directly.
National Association of Realtors settles antitrust lawsuits, ending fixed commission regulations and potentially lowering home buying costs. This could reshape the real estate landscape, impacting commissions and company profits.
The Dwarka Expressway's opening is revitalizing Gurugram's real estate market, boosting residential projects and driving property prices higher as connectivity improves.
Coimbatore's thriving economy and strategic projects are attracting investors to its rising real estate market, especially in residential and commercial sectors.