The report stated that property prices in premium projects in New Gurugram region were up by 53 percent year-on-year (YoY) followed by Noida Sector 150 at 43 percent. https://www.moneycontrol.com/news/business/real-estate/premium-residential-market-saw-a-price-appreciation-of-5-53-across-mumbai-gurugram-and-bengaluru-savills-india-12759821.html
Proposed residential developments take up more than 97% share of the JDAs; Delhi-NCR, Bengaluru and Mumbai top cities in terms of number of deals signed https://www.hindustantimes.com/real-estate/joint-development-agreements-for-1-546-acres-of-land-inked-in-the-last-18-months-ncr-bengaluru-lead-with-maximum-deals-101719385178822.html
Over 400 developers from across Maharashtra, mainly from Pune and Mumbai, have opted for e-registration for the first sale of properties from their own office in the last two years https://timesproperty.com/news/post/400-builders-e-register-new-properties-from-their-own-offices-blid7757
The two cities accounted for over half of the total leasing activity in the major cities, driven by occupiers from different sectors like BFSI, Tech, Engineering & Manufacturing: Colliers https://www.thehindubusinessline.com/news/real-estate/mumbai-bengaluru-drive-office-leasing-in-h1-chennai-pune-delhi-see-dips/article68335804.ece
The Karnataka government is taking proactive steps to address Bengaluru’s booming air traffic by initiating plans for a second airport in the city. This move comes in response to the ever-increasing demand for air travel and the limitations of the existing Kempegowda International Airport (KIA). https://timesproperty.com/news/post/your-commute-time-to-office-just-got-shorter-blid7486?offset=1
Several real estate players from Bengaluru have entered the Mumbai market. Similarly, Mumbai-based builders have set foot in the garden city https://www.hindustantimes.com/real-estate/why-are-real-estate-developers-making-a-beeline-for-mumbai-and-bengaluru-markets-101719174216183.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site
If you’re living on a budget of Rs 2 lakh a month, you can live comfortably almost anywhere in India – except on Mumbai’s Altamount Road, where a single square foot costs Rs 1,95,503. Home to billionaire Mukesh Ambani’s famous ‘Antilia’ mansion, Altamount Road epitomizes luxury and exclusivity. This elite area, along with nine others …
India’s most expensive real estate: The top 10 elite neighbourhood’s Read More »
Of the 100 emerging cities Colliers evaluated that it found 30 high-growth ones, where real estate development is expected to strengthen in the medium to long term. https://www.deccanherald.com/india/colliers-identifies-17-tier-iiiii-cities-as-next-realty-hotspots-3072071?utm_source=whatsapp&utm_medium=referral&utm_campaign=socialshare
India’s property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 mn Indian households turning eligible for home ownership over the next 10 years, there would be a requirement for as many as 100 million new houses. https://economictimes.indiatimes.com/industry/services/property-/-cstruction/india-will-need-to-build-100-million-homes-this-decade-amid-rising-household-incomes/articleshow/110952725.cms?from=mdr
Builders are focusing more on launching luxury apartments to encash a surge in demand for premium residential properties. Profit margins are also high in luxury projects. https://www.cnbctv18.com/real-estate/sales-of-affordable-homes-fall-4-pc-in-top-8-cities-in-jan-mar-premium-homes-property-prices-propequity-19429285.htm
