Surat Metro Phase 1, operational by mid-2025, is poised to significantly enhance property values along its corridors, particularly in areas like Vesu, Adajan, and Katargam.
Launch of world's largest diamond trading hub drives 15-20% spike in luxury property values in Surat, Gujarat's upscale areas like Vesu and Dumas Road
JLL reports 56 Joint Development Agreements (JDAs) signed between landowners & developers in India, covering 1,546 acres, with 97% for residential projects, from Jan 2023 to Jun 2024.
The Gujarat Housing Board is introducing new housing projects aimed at various income groups to address the state's housing demands, with ongoing initiatives in Surat, Ahmedabad, and Vadodara.
Surabhi Chemicals, recently acquired by Mahadhan Vincom, is venturing into real estate with projects planned in Nagpur, Surat, and Vadodara. The company intends to invest Rs. 30 crore, focusing on western India.
The Income Tax department raided Surat's real estate developers, seizing Rs.8 lakh in cash and Rs.45 lakh in jewelry, aiming to recover around Rs.100 crore.
Surat’s real estate sector has witnessed a 100% growth in the past two years, driven by vertical development, business opportunities, and infrastructure projects.
Demand for homes in smaller Indian cities attracts big real estate developers, with 354 million sq ft of residential development expected in 3 years.
The real estate sector expresses concern over the newly imposed service tax on housing, urging the finance minister for reconsideration and better urban housing policies.
PSU banks' attractive home loan rates spur demand in smaller towns, but the impact varies in IT hubs like Pune and Bhubaneswar.
Textile mill and manufacturing unit closures create surplus industrial real estate, impacting rentals and demand in major industrial belts.
Country Club India expands to 44 clubs, plans 100 crore investment in Gujarat and Madhya Pradesh, and acquires Dubai property.
JP Infrastructure Pvt Ltd of Ahmedabad is negotiating with a private equity fund to raise ₹200 crore, while planning an IPO and various real estate projects.