MMR and NCR together saw approximately 2.57 lakh housing units completed in 2023 – MMR with approximately 1.43 lakh units, followed by NCR with 1.14 lakh units https://www.hindustantimes.com/real-estate/over-4-35-lakh-homes-completed-in-2023-across-top-seven-cities-59-in-mmr-and-ncr-101708250629488.html
The Indian real estate market has been witnessing a significant boom in investment from Non-Resident Indians (NRIs) based in the Gulf region over the past year, according to new reports. Benefitting from the post-pandemic economic recovery and growth seen in major Gulf economies, NRIs are investing surplus funds from their salaries and businesses back home …
India Real Estate Market Records Investment Boom as NRIs Cash in on Gulf Economic Growth Read More »
The share of luxury homes, priced at or above Rs 4 crore, in total sales, also doubled in 2023 https://www.business-standard.com/industry/news/luxury-housing-sales-in-india-jumped-75-in-2023-threefold-in-delhi-cbre-124021400667_1.html
While mainstay hospitality will continue to gain strength to strength, alternative segment such as second homes and holiday villas will also play a critical role. https://www.financialexpress.com/money/branded-rental-villa-market-growing-fast-in-india-set-to-reach-1377-mn-by-2028-3392638/
The report concluded that millennials (age 18-34) constituted 67% of rental demand and 2 BHK units dominated the market, commanding 41% of the rental demand in these cities. https://www.financialexpress.com/money/gurugram-leads-list-of-top-indian-cities-with-31-3-yoy-surge-in-rents-magicbricks-3391842/
The Unique Identification Authority of India (UIDAI) has announced modifications to the Aadhaar (Enrollment and Update) rules introducing separate forms for resident and non-resident Indians. According to the UIDAI, these new guidelines have been made with the aim of making the whole process of updating and enrolling for the Aadhaar Card easier. https://www.indiandiaspora.org/news/aadhaar-card-enrollment-new-rules-announced-nris-oci-card-holders
Land prices in Bengaluru have increased by 20% to 30% in the last three years, said the report by Meraqi https://www.hindustantimes.com/real-estate/bengaluru-real-estate-70-realty-assets-in-the-city-developed-through-joint-development-agreements-101707285090463.html
In the region, Singapore saw the highest price rise followed by Perth and Brisbane https://www.business-standard.com/industry/news/mumbai-bengaluru-among-top-10-asia-pacific-cities-with-highest-rise-in-home-prices-in-second-half-of-2023-knight-frank-report-124020600622_1.html
January 2024 Marks a 12-Year Registration High https://timesproperty.com/news/post/mumbai-sees-highest-property-registration-in-jan-from-last-12-years-blid6683
The MoHUA secretary said at the Naredco conference that the real estate sector has a critical role in the country becoming a $30 trillion economy by 2047 https://www.hindustantimes.com/real-estate/govt-working-on-the-scheme-to-help-middle-class-purchase-or-build-homes-housing-and-urban-affairs-secretary-101706886878411.html
