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The agreement will aim to protect homebuyers from potential abuses, reduce disputes, and provide effective grievance redressal mechanism to consumers. https://www.moneycontrol.com/news/business/real-estate/easing-the-home-buying-process-govt-to-set-up-panel-for-model-builder-buyer-agreement-10435641.html VANDANA RAMNANI The government has decided to form a committee to work on a model builder-buyer agreement to simplify the home-buying process and protect homebuyers. The government has decided to form a committee to …

Buying a home to get easier with model builder-buyer agreement Read More »

State commissions have jurisdiction to deal with complaints when the value of the goods or services is worth between ₹50 lakh and ₹2 crore. https://www.hindustantimes.com/india-news/union-ministry-to-mediate-in-real-estate-disputes-under-consumer-rights-law-101681757959993-amp.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_AMP

Tie-up to add over 400,000 green housing units across the country, all certified by IGBC https://www.business-standard.com/industry/news/credai-indian-green-building-council-to-erect-4-000-projects-by-2030-123041600400_1.html

The video is about how the real estate market is shaping up in a post-pandemic world. With vaccination drives and relaxation of restrictions, the market is showing signs of revival. The demand for affordable housing is likely to remain strong, particularly in urban areas, while commercial real estate could see a shift towards flexible and …

Future of the real estate market in India in 2023 Read More »

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months https://www.business-standard.com/india-news/housing-inventory-overhang-lowest-in-5-years-on-the-back-of-robust-sales-123041000258_1.html

The pandemic has prompted the potential buyers and undecided individuals to recognize the importance of owning a home, increasing the demand for housing units in Delhi. https://www.financialexpress.com/money/delhi-overtakes-mumbai-in-housing-sales-heres-why/3038377/lite/?utm_source=Whatsapp

All major banks in India have linked their housing loans with the repo rate, allowing faster transmission of policy rates. But despite EMIs going up, India’s real estate sector has managed to maintain its growth rate. https://www.moneycontrol.com/news/business/stocks/big-cheer-for-the-real-estate-industry-nifty-realty-surges-on-rbis-rate-hike-pause-10371661.html

Bengaluru led the market in terms of quarterly sales, with a 21 percent share, closely followed by Mumbai, with a 20.9 percent share. The premium segment, with apartments priced above Rs 1.5 crore, saw a 22 percent share in overall sales. https://www.moneycontrol.com/news/business/real-estate/62000-housing-units-sold-in-top-cities-in-q1-of-2023-bengaluru-leads-the-show-jll-analysis-10365651.html

Bengaluru is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc. https://www.moneycontrol.com/news/business/real-estate/rents-double-in-indias-silicon-valley-as-engineers-fight-for-flats-10361281.html

The residential market remained resilient in the face of rising interest rates and prices, while the demand for commercial spaces were driven by the return-to-office transition, among others. https://www.moneycontrol.com/news/business/real-estate/79126-homes-sold-across-top-8-cities-11-3-msf-office-space-leased-in-q4-22-23-knight-frank-10356401.html