BMC increases Mumbai's daily water supply from 90 to 135 liters per person starting October 1st, offering relief to residents and potentially boosting the housing industry.
Foreign investors are poised to inject $4-5 billion into the Indian real estate market, focusing on Bangalore, Delhi, and Mumbai, according to Jones Lang LaSalle.
Koramangala in Bangalore is expected to give investors higher returns. Due to limited availability of vacant spaces and high demand, property prices are expected to increase.
Hyderabad sees rising affordable housing sales, becoming a top affordable market in India. New projects and infrastructure boost this demand, attracting buyers and investors.
Cushman & Wakefield reported a 16% decline in new home launches across India's top eight cities in 2012, with the majority of launches targeting the middle-income segment.
The real estate sector anticipates a prosperous 2013, following a challenging 2012 marked by slow market activity. Experts are optimistic, citing potential from policy changes and investments.
India's real estate housing sector saw a decline in 2012, with minimal capital value rise of 1-3% in top seven cities, reports JLL.
Real estate values are correlated with the presence of reputable schools. High-reputation schools increase property value due to parents prioritizing proximity for admissions and convenience.
Removing the cap on loans has boosted NRIs' desire to invest in Indian real estate. Approx. 90% of NRIs in UAE prefer real estate investment in India.
Ulwe in Mumbai projected for a 145% price hike, making it a top real estate investment destination along with other cities like Pune, Bangalore and Delhi-NCR.
Chennai's real estate market shows stability, particularly in residential sales, compared to Bangalore. High demand and limited supply in city centers drive higher rentals and property values, attracting investors.
India's real estate sector must focus on energy-efficient constructions to alleviate power shortages, potentially saving billions by 2020, as reported by NRDC and exemplified by Andhra Pradesh's building efficiency code.
CREDAI urges faster environmental clearances to meet the rising housing demand. Lalit Kumar Jain highlighted project delays due to the Ministry of Environment.
CREDAI anticipates a 20% rise in housing sales in major Indian cities, spurred by lower interest rates. They also address environmental clearance delays.
Real estate secures the top spot as India's preferred investment choice, surpassing gold and silver, due to economic uncertainties and rising rural incomes.
Motilal Oswal plans to raise a 500-crore residential real estate fund, IREF-II, offering debt and equity funding. Despite a market dip in PE investments, they aim for a 25-27% return over four years.
West Bengal government plans to allow real estate builders to resume construction of townships after a six-month halt. The state may grant 14Y clearance for projects if 51% is set aside for commercial purposes.
Private equity (PE) firms, once major real estate investors, now seek exits due to low returns. Over-optimism and soaring valuations have led to challenges, prompting caution.
Bangalore real estate sees continued price increases due to IT boom, BPO sector, infrastructure, and migration. Experts advise buyers to wait for prices to stabilize.
Suburbs are now preferred for real estate investment due to changing lifestyles and job availability. Gurgaon and Noida exemplify this trend, offering quieter, cleaner, and more relaxed environments.
The depreciating rupee has increased demand for residential properties from NRIs, particularly in Mumbai. Developers are also offering discounts due to liquidity concerns, making properties more attractive.
Pune's real estate market has attracted significant private equity investment, primarily in the residential sector, driven by the city's IT industry growth and proximity to Mumbai.
Bangalore transformed from a seasonal racing town to a year-round economic hub after becoming the capital of the Kannada state. It faces infrastructure strains due to rapid growth.
Mumbai faces longer sales times for its 1.13 lakh unsold units due to high prices, despite having fewer unsold units than Delhi NCR. Rate cuts by RBI could boost sales.
DLF shares increased by 3.2% after Goldman Sachs upgraded the stock's rating to "buy", citing increased residential launches and commercial property recovery.