Tata Housing launches 'New Haven' with 1,300 affordable apartments starting at ₹12.73 lakh in Mumbai, expanding its affordability drive in the housing sector.
Parsvnath Developers Ltd. launches Parsvnath City in Saharanpur, offering plots, independent floors, and villas. The project spans 100+ acres and targets affordable housing with prices starting at Rs 9.50 lakh.
Indiabulls to Launch 6-7 Residential Projects with $500M Fund
Middle-class families struggle to find affordable housing in metro cities, often facing poor designs and compromises in quality. Design standards are needed for builders.
Public sector banks' interest rate cut for home loans up to Rs 20 lakh may induce some buying in the property market, but developers and experts believe it's not enough for a major boost.
Housing demand in tier-II and tier-III cities plummeted by 35% in the first half of the fiscal year, primarily due to increased borrowing costs, as per Assocham's assessment.
Real estate sector faces slump due to high interest rates and economic slowdown, forcing developers to focus on affordable housing in Tier-II and Tier-III cities.
Pune to become India's next metropolitan city, surpassing Ahmedabad, Lucknow, and Chandigarh in development pace, infrastructure, and real estate prices.
FIRE Capital Fund is poised to enter the affordable housing segment, focusing on Tier II and III cities, with plans for a new investment in West Bengal.
The shift towards tier II cities like Chandigarh is benefiting realtors, with new malls promising job creation and variety for residents.
Wealthy Indians are increasingly interested in land as an investment option amid volatile markets. A significant 48% of high net worth individuals (HNIs) plan to increase realty investments over the next 12 months, according to a Barclays report.
Mumbai is the top choice for logistics and warehousing investment, attracting $200 million. Smaller cities like Nagpur, Gurgaon, and Visakhapatnam are also emerging as promising logistics hubs.
Mumbai suburbs to see 10-20% property price drop by March 2009, Jones Lang LaSalle Meghraj predicts, citing excess supply beyond Borivali, Thane, and Navi Mumbai.
Pune's rental costs for software companies have surged, raising concerns about its cost advantage in attracting investment as noted by industry leaders.
Small developers are forced to sell projects to larger ones due to severe cash crunches, especially in tier II cities and metros.
Milestone launches Ecofirst Advisory Services for eco-friendly real estate consultancy, aiming to support sustainable development across India, including Tier II and III cities.
India's real estate market experiences significant growth, with developers expanding investments into various property types, including residential and commercial projects across the nation.
Real estate appears resilient to inflation, with experts predicting a price drop of 5-10 percent. It's considered a favorable time for property investment, especially in Tier II and III cities.
Red Fort Capital plans to invest Rs 3,500 crore in Indian real estate projects over the next two and a half years, focusing on Tier I and II cities, and potentially Tier III locations.
Country Club India expands to 44 clubs, plans 100 crore investment in Gujarat and Madhya Pradesh, and acquires Dubai property.
India's home prices expected to correct further due to low transaction volumes and over-supply, with 15-20% drop in major cities.
Old Mutual plans to significantly ramp up investments in Indian real estate, launching four new $1 billion funds by 2015, aiming to become a leading retail developer and asset manager.
Realty giants are embracing the affordable housing sector, launching low-cost residential projects targeting small and mid-income buyers in various Indian cities.
Eldeco Group seeks $200-250 million from private equity investors for projects in Punjab and Maharashtra after abandoning merger and capital market fundraising plans.