Realty News

During the January-June period, Delhi-NCR led in sales with 4,000 luxury units accounting for a share of 57 per cent share, recording a threefold growth compared to the corresponding period in the previous year, according to the report by CBRE South Asia Pvt. Ltd, India’s leading real estate consulting firm, and apex business Chamber Assocham.

Luxury housing (above Rs 1 crore) surged from FY 2019 to FY 2025, driven by higher incomes, lifestyle changes, and targeted developer efforts.

Despite a three per cent drop in overall unit sales, the total sales value outstripped that of a year ago by 18 per cent -- clearly underscoring the unrelenting demand for luxury homes, he added.

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Priced at Rs 2.5 crore --that the instagram user claims -- the house appears to be nothing less than a matchbox, with very little space for bedroom, bathroom, kitchen and the so called balcony.

According to information, for the first time since its establishment in 1957, the DDA has partnered with a private real estate consultancy to rejuvenate its presence in the city's housing market.

Real estate consultant Colliers India expects absorption of office space to hit an all-time high in the 2022 calendar year. The previous high was seen in 2019 at 44.8 million square feet. Gross absorption does not include lease renewals, pre-commitments and deals where only a letter of intent has been signed.

Home Loan Interest rates start at 6.80%. Upto 30 bps interest concession on select parameters. Women borrowers get a concession of 5 bps.

The Delhi state consumer commission has directed a real estate firm to pay Rs three lakh as compensation to a homebuyer for delay in handing over the possession of a flat.

Realty firm Signature Global will invest Rs 400 crore to develop two new affordable home projects in Gurugram as part of its expansion plan in low-cost housing segment.

Property owners will have to shell out more money in the form of new taxes to be levied by the government in the wake of state-sponsored infrastructure projects pushing up the prices of land and buildings in the vicinity.

Limited supply coupled with closure of certain malls resulted in a negative supply in retail space for the first time ever in 2016, a recent survey said.

Real estate major DLF's promoters will enter into an exclusive pact with Singapore's GIC to sell their 40 percent stake in the company's rental arm, DCCDL Ltd, for an estimated amount of up to Rs 13,000 crore.

Ahead of the Union Budget that is to be presented later in the day, market rose by over 64 points in opening trade today as investors built up positions.

Experts are of the view that ecommerce, real estate and consumer non-durable sectors are likely to be hit by government's move to ban Rs 500 and Rs 1,000 notes, even as they projected the economy to benefit from it in the long run.

Realty stocks plunged up to 20 percent in early trade on Wednesday with scrips of Unitech and DLF taking a major hit following the government's measures to clamp down on the black money menace.    

Concerned over the rising land cost, realty experts believe that growth in infrastructure development will result in bringing the prices down.

Realtors' body NAREDCO today demanded tax relief and increase in land supply to develop affordable homes so as to help achieve the government's 'Housing for All' objective.

Engineering firm Simplex Infrastructures Ltd on Thursday said it has received shareholders' nod to raise up to Rs 200 crore by issuing non-convertible debentures on private placement basis.

Realty firm Parsvnath Developers Ltd on Saturday reported a marginal decline in net profit at Rs 4.58 crore for the quarter ended June on lower sales.