India's real estate market is booming, driven by factors like changing consumer preferences, government policies, and technological advancements. The market is expected to reach $1 trillion by 2030.
Saha Groupe, a Noida-based real estate company, is set to secure ₹160 crore from a Non-Banking Financial Company (NBFC) to expedite its under-construction projects in Noida.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Construction workers in Noida protested violently over unpaid wages, setting vehicles on fire and damaging property. Two workers were injured by security guards, who were later arrested.
India's real estate prices expected to rise further as Finance Ministry retains 2.5% service tax on under-construction projects, impacting homebuyers.