The Reserve Bank of India cut the repo rate by 0.25%, a move welcomed by realtors but deemed insufficient by some developers who believe a larger cut is needed to significantly impact the real estate sector.
Amity University and RICS School of Built Environment launched new real estate and construction courses. These programs aim to address the shortage of skilled professionals in the sector.
Tata Housing has won five prestigious Asia Pacific Property Awards 2012, including the five-star award for La Montana, reaffirming its leadership in residential real estate.
Emerging markets outpace developed nations in real estate performance, with increased lease demand but falling rents in many surveyed countries. India shows promising rental and capital value growth.