Experts Believe That India’s Commercial And Residential Landscape Is Undergoing Massive Shift
According to a recent real estate report, the office leasing activity in India’s top cities is likely to reach over 45 million square feet in 2024 and the demand for the mid-to-luxury segment, is expected to sustain in 2024
as the demand shifts towards integrated townships.
Real Estate Market Sees Young Buyers Becoming Houseowners
A survey conducted by real estate consultancy Knight Frank India on 1,629 Indian urban homebuyers revealed that more than 36% of Gen Zers (12-28 years of age) are seeking to buy a home, relying heavily on easy availability of home
loans, says experts.
Maha RERA Orders Godrej Properties To Refund Booking Amount for a Pre-RERA project
The Maharashtra Real Estate Regulatory Authority (Maha RERA) has ordered Godrej Properties to refund the entire booking amount for a Rs 4.3-crore luxury project in Mumbai's Kurla, after the homebuyer who is also a senior citizen
cancelled the booking within 10 days of the booking.
Realty giant DLF Ltd is about to launch their ultra-luxury project in Gurugram that has been billed as the most-expensive residential real estate project in India. Named as The Dahlias, the premium luxury property will be located
on Golf Course Road in Gurugram, which is close to the company's another luxury realty venture, The Camellias.
Real Estate Sector Sees 45% Jump In Institutional Investments
According to a report dated October 2, 2024 by Consultant Colliers India, India's real estate sector saw a 45 percent jump in institutional investments to almost $1.15 billion between July and September as investors seek to benefit
from the strong demand for premium homes and offices.
Bengaluru Based RMZ to invest over $2.2 billion in Indian real estate over 5 years
The recent buzz in the real estate world is that alternate asset manager RMZ plans to invest around $2.2 billion (around Rs 18,000 crore) across different verticals, including office, hospitality and residential real estate, over
the next five years, across the country covering for both greenfield developments and acquisitions across asset classes.
Survey Says Mumbai, Delhi Least Affordable Places For Real Estate
According to a survey report published by Magicbricks, Chennai, Ahmedabad and Kolkata are among the most affordable cities for investment in the housing segment, while the Mumbai Metropolitan Region and Delhi emerged as the least
affordable.
The Yamuna Expressway Industrial Development Authority (YEIDA) Plans To Launch 2000 Housing Plots Near Noida Airport
Following a favourable response to the previous housing schemes, the Yamuna Expressway Industrial Development Authority (YEIDA) is planning to launch another scheme to sell residential plots in the upcoming festive season.
Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru
Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru over the next five years, confirmed officials recently. In the financial year 2025 (FY25), the company will be investing over Rs 500 crore.
Budget 2024-25 Overlooks The Shrinking Affordable Housing Segment, Say Developers
After the Union finance minister Nirmala Sitharaman announced the expansion of the Pradhan Mantri Awas Yojana (PMAY ), with an investment of Rs 10 lakh crore including a central assistance of Rs 2.2 lakh crore over next five years
from 2024, in the budget on July 23, experts pointed out that there was no specific announcement on the long-pending demand for redefining affordable housing.
Noida Authority is planning to raise Rs 3,700 crore by selling 5.5 lakh sqm of land in FY25
Officials from the Noida Authority confirmed that they are planning to sell over half-a-million square metres of land in the financial year 2024-25 to raise over Rs 3,700 crore and allot the land across different segments such
as residential, industrial, institutional, group housing, and commercial.
How The Indexation Benefit Removal Will Affect The Real Estate Sector?
In Union Budget 2024, Finance Minister Nirmala Sitharaman had announced a reduction in the long term capital gains tax on real estate transactions from 20 percent earlier to 12.5 percent and also removed the indexation benefit
used for calculation of long term capital gains (LTCG). However, Delhi NCR-based listed real estate developer DLF Limited said it does not see any major impact on sales due to removal of indexation benefit by the central government.
Repo Rate Remains Unchanged, Experts Expect A Steady Demand In Housing Sector
After a bi-monthly review held recently by the RBI, the repo rate remained unchanged for the eighth time in a row which boosts confidence among real estate developers and experts that housing sector sales will witness a steady
growth.
DLF’s NRI Investments See A 23% Surge In Sales In Year 2023-24
Real estate developer DLF Ltd has seen a 23 % surge in its share of NRI investments for the year 23-24 marking the highest NRI sales since FY21 when COVID led to a decline in NRI investments.
KRERA Orders Prestige Group To Pay Compensation For Delay In Possession
The Karnataka Real Estate Regulatory Authority (KRERA) recently asked Bengaluru-based listed real-estate developer Prestige Group to pay Rs 2.17 lakh as compensation to a homebuyer after it failed to hand over the apartment within
the stipulated time.
Abu Dhabi Based Retail Giant LuLu Group To Set Up a Logistic & Food Processing Centre in Amritsar
Abu Dhabi-based retail giant Lulu Group International has tied up with the Punjab Government to set up a logistics and food-processing centre in Amritsar on a 20-acre land parcel that has a capacity of 2 lakh metric tons.
Noida Authority Gets 1.03 Lakh Crore Investment Commitment After Selling 149 Plots in FY24
Good news looms large for Noida Authority as it attracts investment commitment of Rs. 1.03 crores after selling 149 plots in FY24. The plots were allotted to housing, IT/ITES, industrial, and commercial sectors.
Hyderabad-Based Real Estate Developer Get Funding of Rs 250 Crore From Union Bank of India
Hyderabad-based real estate developer Navanaami Projects Private Limited has secured funding of Rs 250 crore from the Union Bank of India for its housing project confirmed sources, a big boost for Hyderabad real estate sector.
Delhi Municipality Surveys Dangerous Buildings Ahead of Monsoons
The Municipal Corporation of Delhi (MCD) has begun a survey to identify dangerous buildings in the national capital prior to the monsoons to ensure the safety of people residing in and around these buildings.
Office Property Rent Surges By 8% in March Quarter Says Report
According to the Colliers’ Asia-Pacific Office Markets April 2024 report India's top office markets experienced up to an 8 percent year-on-year rise in rentals in the January-March period, with Delhi-NCR leading the pack.
MoEF Gives A Nod For Gurugram’s Global City Project
The Global City Project in Gurugram backed by HSIIDC finally gets a clearance from The Ministry of Environment, Forest and Climate Change. The prestigious project coming up in Gurugram sectors 36B, 37A and 37B.
Dubai-Based IndiaLand To Invest Rs 1500 Crore In Indian Real Estate Market
The Dubai-based IndiaLand, a local division of the Americorp Group is about to invest Rs 1500 crore in the the Indian real estate market in the next three years to increase its asset value to Rs 7000 crore from the current Rs 3000
crore in the next five years. IndiaLand plans to extend office spaces and industrial estate properties across Chennai, Pune and Coimbatore. Plans are also underway to acquire land in Bengaluru to develop Grade A standalone
office spaces.
Experts Estimate India May Reach $1.5 Trillion by 2034
Fuelled by urbanization, middle-class expansion, infrastructure development, significant foreign investments, and unwavering government support, experts think that the Indian real estate market might reach an all-time high. A recent
report by Knight-Frank India-CII forecasts that by 2034, India’s real estate sector is expected to expand to $1.5 trillion, with the residential market-leading at a value of $906 billion, followed by the office sector
at $125 billion.
The Secret Behind India’s Growing Rental Housing Market
Despite a boom in development in the real estate sector, India’s housing rental market is still growing at an exponential rate. Many factors contribute to this growth - 15–20% climb in property prices post-pandemic,
escalating home loan rates, the supply and demand imbalance in buyers and available housing units and more. The rise in rents, especially near central business districts is expected to soar higher.
Report: India’s Real Estate Sector Created Over 3 Crore Jobs In The Last Decade
According to a joint report released by real estate consultancy Anarock and National Real Estate Development council (NAREDCO) employment in the real estate sector has surged to 7.1 crore from 4 crore in 2013. The Indian residential
market has greatly benefited from the reforms bought by Modi Government.
Could Bengaluru water crisis impact real estate sector in Mumbai and Delhi?
Water crisis in Bengaluru is now a matter beyond local concern. Experts believe the lack of water supply could affect the infrastructure of the city and lead to a slow down in real estate sector. With Bengaluru becoming the IT
hub, the city has seen a rise in housing sales, however people might now think to relocate to other metros like Mumbai or Delhi.
MahaRERA Cancels Registration of 13,785 Real Estate Agents
The Maharashtra Real Estate Regulatory Authority has cancelled the registration of 13,785 real estate agents who failed to renew their licenses in 2017. RERA made the data public on their website.
Will Gurugram Real Estate Prices Soar Due to Dwarka Expressway?
PM Narendra Modi inaugurated the Haryana section of the Dwarka Expressway on 11th March, which is expected to improve traffic flow and ease congestion between Delhi and Gurugram on NH-48. Experts believe property and land prices
will increase too, around the Gurugram area.
Realty Boom in Bengaluru! The City Sees Highest Surge in Housing Price
According to a report by CREDAI, Colliers & Liases Foras, Bengaluru saw the highest surge with a 21% YoY increase in housing prices in Q4 2023. The report also mentioned that the growth propelled across eight major cities across
India showcasing the buying capacity of Indians.
SEBI Introduces MSM REITs To Change India’s Real Estate Landscape
SEBI plans to introduce a new plan MSM REITs plan which will provide investors with a unique proposition to participate in the commercial real estate market and improve global investments. This move will also ensure transparency,
control, and credibility for investors.
According to a joint report by CREDAI, Colliers and Liases Foras housing prices rose annually by an average of 10 % during the July-September quarter this year across the top eight cities in India. However, Hyderabad saw the highest
increase of 19% Y-o-Y rise.
India’s Construction Sector Booms With Demand In Rising Housing Units
According to reports, India’s construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter. According to the data released, this is seen as the best performance in the last five
quarters.
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Experts Believe That India’s Commercial And Residential Landscape Is Undergoing Massive Shift
According to a recent real estate report, the office leasing activity in India’s top cities is likely to reach over 45 million square feet in 2024 and the demand for the mid-to-luxury segment, is expected to sustain in 2024 as the demand shifts towards integrated townships.
READ MOREReal Estate Market Sees Young Buyers Becoming Houseowners
A survey conducted by real estate consultancy Knight Frank India on 1,629 Indian urban homebuyers revealed that more than 36% of Gen Zers (12-28 years of age) are seeking to buy a home, relying heavily on easy availability of home loans, says experts.
READ MOREMaha RERA Orders Godrej Properties To Refund Booking Amount for a Pre-RERA project
The Maharashtra Real Estate Regulatory Authority (Maha RERA) has ordered Godrej Properties to refund the entire booking amount for a Rs 4.3-crore luxury project in Mumbai's Kurla, after the homebuyer who is also a senior citizen cancelled the booking within 10 days of the booking.
READ MOREDFL To Launch Ultra-Luxury Project In Gurugram
Realty giant DLF Ltd is about to launch their ultra-luxury project in Gurugram that has been billed as the most-expensive residential real estate project in India. Named as The Dahlias, the premium luxury property will be located on Golf Course Road in Gurugram, which is close to the company's another luxury realty venture, The Camellias.
READ MOREReal Estate Sector Sees 45% Jump In Institutional Investments
According to a report dated October 2, 2024 by Consultant Colliers India, India's real estate sector saw a 45 percent jump in institutional investments to almost $1.15 billion between July and September as investors seek to benefit from the strong demand for premium homes and offices.
READ MOREBengaluru Based RMZ to invest over $2.2 billion in Indian real estate over 5 years
The recent buzz in the real estate world is that alternate asset manager RMZ plans to invest around $2.2 billion (around Rs 18,000 crore) across different verticals, including office, hospitality and residential real estate, over the next five years, across the country covering for both greenfield developments and acquisitions across asset classes.
READ MORESurvey Says Mumbai, Delhi Least Affordable Places For Real Estate
According to a survey report published by Magicbricks, Chennai, Ahmedabad and Kolkata are among the most affordable cities for investment in the housing segment, while the Mumbai Metropolitan Region and Delhi emerged as the least affordable.
READ MOREThe Yamuna Expressway Industrial Development Authority (YEIDA) Plans To Launch 2000 Housing Plots Near Noida Airport
Following a favourable response to the previous housing schemes, the Yamuna Expressway Industrial Development Authority (YEIDA) is planning to launch another scheme to sell residential plots in the upcoming festive season.
READ MORECentury Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru
Century Real Estate plans to invest over Rs 3,500 crore to build office spaces in Bengaluru over the next five years, confirmed officials recently. In the financial year 2025 (FY25), the company will be investing over Rs 500 crore.
READ MOREBudget 2024-25 Overlooks The Shrinking Affordable Housing Segment, Say Developers
After the Union finance minister Nirmala Sitharaman announced the expansion of the Pradhan Mantri Awas Yojana (PMAY ), with an investment of Rs 10 lakh crore including a central assistance of Rs 2.2 lakh crore over next five years from 2024, in the budget on July 23, experts pointed out that there was no specific announcement on the long-pending demand for redefining affordable housing.
READ MORENoida Authority is planning to raise Rs 3,700 crore by selling 5.5 lakh sqm of land in FY25
Officials from the Noida Authority confirmed that they are planning to sell over half-a-million square metres of land in the financial year 2024-25 to raise over Rs 3,700 crore and allot the land across different segments such as residential, industrial, institutional, group housing, and commercial.
READ MOREHow The Indexation Benefit Removal Will Affect The Real Estate Sector?
In Union Budget 2024, Finance Minister Nirmala Sitharaman had announced a reduction in the long term capital gains tax on real estate transactions from 20 percent earlier to 12.5 percent and also removed the indexation benefit used for calculation of long term capital gains (LTCG). However, Delhi NCR-based listed real estate developer DLF Limited said it does not see any major impact on sales due to removal of indexation benefit by the central government.
READ MORERepo Rate Remains Unchanged, Experts Expect A Steady Demand In Housing Sector
After a bi-monthly review held recently by the RBI, the repo rate remained unchanged for the eighth time in a row which boosts confidence among real estate developers and experts that housing sector sales will witness a steady growth.
READ MOREDLF’s NRI Investments See A 23% Surge In Sales In Year 2023-24
Real estate developer DLF Ltd has seen a 23 % surge in its share of NRI investments for the year 23-24 marking the highest NRI sales since FY21 when COVID led to a decline in NRI investments.
READ MOREKRERA Orders Prestige Group To Pay Compensation For Delay In Possession
The Karnataka Real Estate Regulatory Authority (KRERA) recently asked Bengaluru-based listed real-estate developer Prestige Group to pay Rs 2.17 lakh as compensation to a homebuyer after it failed to hand over the apartment within the stipulated time.
READ MOREAbu Dhabi Based Retail Giant LuLu Group To Set Up a Logistic & Food Processing Centre in Amritsar
Abu Dhabi-based retail giant Lulu Group International has tied up with the Punjab Government to set up a logistics and food-processing centre in Amritsar on a 20-acre land parcel that has a capacity of 2 lakh metric tons.
READ MORENoida Authority Gets 1.03 Lakh Crore Investment Commitment After Selling 149 Plots in FY24
Good news looms large for Noida Authority as it attracts investment commitment of Rs. 1.03 crores after selling 149 plots in FY24. The plots were allotted to housing, IT/ITES, industrial, and commercial sectors.
READ MOREHyderabad-Based Real Estate Developer Get Funding of Rs 250 Crore From Union Bank of India
Hyderabad-based real estate developer Navanaami Projects Private Limited has secured funding of Rs 250 crore from the Union Bank of India for its housing project confirmed sources, a big boost for Hyderabad real estate sector.
READ MOREDelhi Municipality Surveys Dangerous Buildings Ahead of Monsoons
The Municipal Corporation of Delhi (MCD) has begun a survey to identify dangerous buildings in the national capital prior to the monsoons to ensure the safety of people residing in and around these buildings.
READ MOREOffice Property Rent Surges By 8% in March Quarter Says Report
According to the Colliers’ Asia-Pacific Office Markets April 2024 report India's top office markets experienced up to an 8 percent year-on-year rise in rentals in the January-March period, with Delhi-NCR leading the pack.
READ MOREMoEF Gives A Nod For Gurugram’s Global City Project
The Global City Project in Gurugram backed by HSIIDC finally gets a clearance from The Ministry of Environment, Forest and Climate Change. The prestigious project coming up in Gurugram sectors 36B, 37A and 37B.
READ MOREDubai-Based IndiaLand To Invest Rs 1500 Crore In Indian Real Estate Market
The Dubai-based IndiaLand, a local division of the Americorp Group is about to invest Rs 1500 crore in the the Indian real estate market in the next three years to increase its asset value to Rs 7000 crore from the current Rs 3000 crore in the next five years. IndiaLand plans to extend office spaces and industrial estate properties across Chennai, Pune and Coimbatore. Plans are also underway to acquire land in Bengaluru to develop Grade A standalone office spaces.
READ MOREExperts Estimate India May Reach $1.5 Trillion by 2034
Fuelled by urbanization, middle-class expansion, infrastructure development, significant foreign investments, and unwavering government support, experts think that the Indian real estate market might reach an all-time high. A recent report by Knight-Frank India-CII forecasts that by 2034, India’s real estate sector is expected to expand to $1.5 trillion, with the residential market-leading at a value of $906 billion, followed by the office sector at $125 billion.
READ MOREThe Secret Behind India’s Growing Rental Housing Market
Despite a boom in development in the real estate sector, India’s housing rental market is still growing at an exponential rate. Many factors contribute to this growth - 15–20% climb in property prices post-pandemic, escalating home loan rates, the supply and demand imbalance in buyers and available housing units and more. The rise in rents, especially near central business districts is expected to soar higher.
READ MOREReport: India’s Real Estate Sector Created Over 3 Crore Jobs In The Last Decade
According to a joint report released by real estate consultancy Anarock and National Real Estate Development council (NAREDCO) employment in the real estate sector has surged to 7.1 crore from 4 crore in 2013. The Indian residential market has greatly benefited from the reforms bought by Modi Government.
READ MORECould Bengaluru water crisis impact real estate sector in Mumbai and Delhi?
Water crisis in Bengaluru is now a matter beyond local concern. Experts believe the lack of water supply could affect the infrastructure of the city and lead to a slow down in real estate sector. With Bengaluru becoming the IT hub, the city has seen a rise in housing sales, however people might now think to relocate to other metros like Mumbai or Delhi.
READ MOREMahaRERA Cancels Registration of 13,785 Real Estate Agents
The Maharashtra Real Estate Regulatory Authority has cancelled the registration of 13,785 real estate agents who failed to renew their licenses in 2017. RERA made the data public on their website.
READ MOREWill Gurugram Real Estate Prices Soar Due to Dwarka Expressway?
PM Narendra Modi inaugurated the Haryana section of the Dwarka Expressway on 11th March, which is expected to improve traffic flow and ease congestion between Delhi and Gurugram on NH-48. Experts believe property and land prices will increase too, around the Gurugram area.
READ MORERealty Boom in Bengaluru! The City Sees Highest Surge in Housing Price
According to a report by CREDAI, Colliers & Liases Foras, Bengaluru saw the highest surge with a 21% YoY increase in housing prices in Q4 2023. The report also mentioned that the growth propelled across eight major cities across India showcasing the buying capacity of Indians.
READ MORESEBI Introduces MSM REITs To Change India’s Real Estate Landscape
SEBI plans to introduce a new plan MSM REITs plan which will provide investors with a unique proposition to participate in the commercial real estate market and improve global investments. This move will also ensure transparency, control, and credibility for investors.
READ MOREHyderabad Sees 19% Hike In Housing Price
According to a joint report by CREDAI, Colliers and Liases Foras housing prices rose annually by an average of 10 % during the July-September quarter this year across the top eight cities in India. However, Hyderabad saw the highest increase of 19% Y-o-Y rise.
READ MOREIndia’s Construction Sector Booms With Demand In Rising Housing Units
According to reports, India’s construction sector grew 13.3% in July-September from a year earlier, up from 7.9% in the previous quarter. According to the data released, this is seen as the best performance in the last five quarters.
READ MORE