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.
Casagrand Suncity, Chennai, sold over 900 units in 5 days. The 40-acre township, endorsed by Silambarasan, features Roman architecture, 130+ amenities and opulent apartments.
Knight Frank India appoints Harry Chaplin Rogers as Director of International Capital Markets to bolster investment opportunities for clients in the flourishing Indian real estate market.
Comparing Godrej Properties and DLF for better long-term investment prospects amidst a notable upswing in the real estate market, driven by high pre-sales numbers.
The Supreme Court directed Lodha Crown Buildmart to reimburse a homebuyer ₹2.25Cr with 12% interest for a delayed apartment in Lodha Evoq, Wadala, overturning NCDRC's order.
Yashvi Homes Pvt Ltd has been fined Rs 25 lakh by RERA Gurugram for misleading advertisements regarding their Golden Gate Residency project under DDJAY.
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.
The GST Council is expected to clarify that the Real Estate Regulatory Authority (RERA) will be exempt from GST. This decision follows concerns that GST effectively taxes state governments.
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.
Motilal Oswal Alternates announces the first close of its sixth real estate fund, IREF VI, targeting investments in mid-income/affordable residential projects across India’s top 8 cities.
Real estate developers are aggressively acquiring land in India, particularly in major cities, driven by high housing demand. This trend is expected to continue in 2024, with Tier-1 and developing areas remaining hotspots.
GNIDA Reopens Scheme for 8 Group Housing Plots in Greater Noida to Address Housing Shortage Ahead of Noida International Airport Opening
Kailash Nagar in Thane attracts investors and homebuyers. Ready reckoner rates, determined by the State government, are essential for property transactions in this area.
The Indian real estate market is poised for growth in 2024, with opportunities in residential, commercial, and industrial sectors. Challenges include regulations and infrastructure deficiencies.
India's top residential markets saw 22% sales growth and 17% new supply increase in Q3 2023, driven by positive sentiment, pent-up demand, and steady interest rates.
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.