Foreign institutional investors dominated the inflows, primarily targeting core office assets in Mumbai, the NCR, and Hyderabad. Private equity investment in India’s real estate market climbed 85 percent to $1.3 billion https://www.moneycontrol.com/news/business/real-estate/pe-investment-in-real-estate-climbs-to-1-3-billion-in-q2-savills-india-10944811.html
Mumbai and Bengaluru led the half-yearly sales, contributing 21 percent each of the total sales. Pune made substantial strides accounting for 20 percent of sales https://www.moneycontrol.com/news/business/real-estate/around-1-26-lakh-housing-units-sold-in-h1-2023-maximum-sales-recorded-in-luxury-segment-10933191.html
Real estate can turn out to be a fruitful investment https://timesproperty.com/news/post/rising-demand-and-new-launches-fuel-thanes-real-estate-blid4772?offset=1
While presenting the state Budget for FY24, Chief Minister Siddaramaiah said the government is looking at a scientific and rational guidance value system for the Stamps and Registration Department with the use of Geographic Information System (GIS). https://www.moneycontrol.com/news/business/real-estate/karnataka-budget-2023-guidance-value-to-be-revised-announces-major-changes-in-stamps-and-registration-dept-10922211.html
Technology, engineering and manufacturing sectors dominated office leasing activity, contributing 47 percent of the total https://www.moneycontrol.com/news/business/real-estate/gross-absorption-of-office-space-touches-14-6-mn-sq-ft-in-apr-jun-2023-colliers-10909911.html
New remittance law will be in place from July 1, 2023 https://timesproperty.com/news/post/rising-demand-and-new-launches-fuel-thanes-real-estate-blid4772?offset=1
This surge in demand is not limited to the primary market; even the secondary market is witnessing a scarcity of luxury and high-end properties across Delhi, Mumbai and Bengaluru. https://www.moneycontrol.com/news/business/real-estate/heres-how-you-should-navigate-the-luxury-real-estate-market-10889961.html
When calculating capital gains on the sale of an immovable property, one crucial factor to consider is the cost of acquisition, which includes expenses of a capital nature incurred in connection with the purchase or completion of the property’s title https://www.moneycontrol.com/news/business/real-estate/understanding-the-tax-implications-on-sale-of-property-10885221.html
The study included 11 large and listed, and 76 small and mid-sized residential developers; buoyant residential demand has resulted in robust sales growth in the past two fiscals https://www.business-standard.com/industry/news/residential-real-estate-sales-to-grow-by-8-10-in-fy22-23-crisil-study-123062100416_1.html
Cities like Greater Noida saw a 51 percent reduction in time for buying/selling an apartment, Ghaziabad at 44 percent, followed by Bengaluru at 41 percent. https://www.moneycontrol.com/news/business/real-estate/time-taken-to-close-a-property-deal-reduced-dramatically-by-using-emerging-tech-solutions-10828461.html
