India realty sector News
Residential sales stood at approx. 4,76,530 units in 2023 against 3,64,870 units in 2022 across the top 7 cities – rising yearly by 31%.
A government spokesperson added that govt plans to construct 64 lakh HIG, MIG, LIG and EWS homes in urban areas. These houses will be constructed close to small markets. The government will encourage private companies to invest in these housing projects.
The No Broker survey suggested that property is the most popular option for 76% of people. SIP/stocks and gold were distant second and third. It says a lot about the sentiment and the security that owning a physical object such as a house gives you.
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\4,813 developers from 217 cities participated in survey.
One of the most extensive real estate surveys conducted as yet.
90% developers feel that second wave is more devastating.
In NCR, Karol Bagh comes in 6th and Golf Couse Road ranks 9th on the list of most expensive luxury residential destinations, with an average price of Rs 13,500 per sq ft and Rs 12,500 per sq ft respectively.
Of the initial target of 1 crore houses in urban India, 84 lakh had been sanctioned, he said on the sidelines of the event.
Senior Superintendent of Police (SSP) has asked Superintendent of Police (SP) crime branch to conduct an enquiry in the matter.
Posting the matter for next hearing for August 9 the SC said that Unitech home buyers can send in their suggestions it to Amicus Curiae via email by August 8.
The top seven cities (NCR, MMR, Chennai, Bengaluru, Pune, Kolkata and Hyderabad) saw 52,150 new units launched in Q3 2018.
The report released Thursday here noted that India has consistently improved its ranking in global real estate since 2014, which has instilled confidence in investors.
Cases of housing projects being heard in the courts will not be included in the list.
India was ranked 36th in the index during the last bi-annual survey conducted in 2016 and 40th in 2014.
Chennai's residential real estate market was the worst-affected in 2017, with an annual decline in new launches of around 72 percent from 15,700 units in 2016 to 4,400 units in 2017.
Private equity inflows into the country's real estate sector surged 62 percent to Rs 38,000 crore, during 2016, largely helped by Parliament's clearance of two significant legislations -- Real Estate (Regulation and Development) Bill and GST.
Realty major DLF on Wednesday announced restructuring of its joint venture with global investment firm Blackstone-managed Ridgewood Holdings that had invested Rs 1,481 crore in seven housing projects in 2007.
Competition Commission has dismissed allegations that DLF indulged in unfair business ways with regard to sale of a residential plot in Uttar Pradesh after finding that the realty major was not a dominant player in the relevant market.
Property consultant JLL India, which recently forayed into e-commerce segment to market flats, today said it has closed deals worth Rs 30 crore during its online home festival.
The extraa home loan facility allows you to enhance your loan amount by up to 20 percent and also provide you an option to extend the repayment period up to 67 years of age.
Real estate consultancy firm CBRE has entered into an agreement to acquire Johnson Controls' work space solution business GWS for USD 1.475 billion in an all cash deal.
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