India real estate: Several high net-worth individuals bought and sold luxury homes in 2023, ranging from as low as Rs 20 crore to over Rs 1,200 crore in three major real estate markets of Mumbai, Delhi-NCR and Bengaluru.
The state government intends for overall development of Gujarat by implementing various housing and infrastructure projects, according to a regulatory filing.
The rehabilitation package was recommended by the Amitabh Kant panel set up for the purpose and will benefit homeowners of close to 1.2 lakh units that have been given for possession but not registered. Once builders pay the initial 25 percent, the authorities will allow registries of flats that have been delivered but are yet to receive OCs.
Market experts strongly believe the demand will not only sustain in 2024 but rise further, albeit at a slower pace, on high economic growth and expectations of a fall in home loan interest rate.
The park is likely to be developed on a 100-acre land parcel located close to Yamuna Expressway
The project will be launched in January 2024 with a top line of Rs 10,000 crore, say industry sources.
Mumbai's real estate market saw record leasing activity at 10.1 mn sqft owing to large transactions by tech and consulting occupiers. The gross absorption increased by 51 percent compared to 2022, the report said.
In a regulatory filing, the company said it has "sold inventory worth over Rs 2,600 crore in its project Godrej Aristocrat, located in Sector 49 on Golf Course Extension Road, Gurugram. "
Mumbai real estate: It is expected that Mumbai’s total revenue collections from property sales will grow by 22 to 25 percent in 2023. Sales in 2024 are expected to remain on a similar trajectory, albeit the growth may be moderated.
November sees 421 infrastructure projects, each with an investment of Rs 150 crore or more, facing cost overruns exceeding Rs 4.40 lakh crore, states official report.
In this episode, meet the tenant of a 700 sq ft 2BHK apartment who broke free from the middle-class cycle through entrepreneurship. Discover their dedication to fitness, love for their Andheri West home, and the challenges they've faced, including a significant entrepreneurial setback of nearly INR 1 crore. Learn about their future plans for family, meticulous food habits, and aspirations for homeownership amidst their biggest challenge: the absence of governance.
Rollout of 5G services, global hyperscalers expanding their captive facilities and entry of new operators in India will ensure growth momentum, says Cushman and Wakefield report.
The apartments were bought for Rs 33 crore and Rs 32.60 crore and come with three parking spaces each.
Nagpur real estate news: MIHAN-SEZ authorities said they are still open to facilitating the project provided DLF furnishes solid plans for project development.
Local brokers estimate that the way things are going, prices in the area are likely to rise by at least 15-20 percent.
The Gurugram project “Central 67” is a commercial plotted development having shop-cum-office plots spread across 8.6 acres in Sector 67, while the low-rise township “The Valley Orchard” in Panchkula is spread across 15.83 acres
Experts say that the zero period waiver on interest and penalties imposed on developers for financial defaults is also a positive development for various stakeholders in the NCR real estate sector.
This is the second deployment from Welspun Ones’ latest Fund 2, a Rs 2,000 crore Alternative Investment Fund, the company has said
Here are the top 5 KRERA orders of 2023, including the liability of the developer for damage during flooding and taking possession without OC, which will leave a huge impact on the sector.
The recommendations comprise a slew of relaxations for developers, including a zero-period to waive interest and penalties imposed for financial default, officials aware of the matter said
The Authority is offering 14 duplex penthouses, 170 super HIG flats, and 946 HIG flats in a complex in Dwarka’s Sector 19B. The complex, with an estimated construction cost of Rs 700 crore, has 11 towers.
Prestige Group plans to launch 1 million square feet of homes in Pune over the next 12 months with an expected topline of Rs 750 crore to Rs 1,000 crore.
Upflex India, a marketplace for flexible workspaces, has released its first report 'Co-Working and Managed Offices Redefining the Indian Commercial Real Estate'.
The builders’ body has also sought the removal of tax on notional rent levied on unsold stock.
Emaar India has sold out all 424 flats launched in the first phase for Rs 1,723 crore in revenue. It received 10 times subscription with 4,259 expression of interests for the 424 homes available.