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.
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.