Delhi-NCR and Mumbai account for almost half of ₹1 crore home sales in H12024; Affordable and mid-segment housing expected to bounce back: Knight Frank report https://www.hindustantimes.com/real-estate/housing-sales-touch-1-73-lakh-units-up-11-in-jan-jun-homes-worth-more-than-rs-1-crore-witness-41-growth-in-sales-101720079584743.html
Housing sales across top 30 Tier II cities increased 11% annually to nearly 2.08 lakh units during the last fiscal on high consumer demand https://www.hindustantimes.com/real-estate/housing-sales-in-top-30-tier-2-cities-increase-by-11-in-fy2024-on-the-back-of-high-demand-propequity-101720162509042.html
Good news for techies! Tamil Nadu CM MK Stalin recently announced the construction of a new airport at Hosur, which may benefit Bengaluru’s Electronic City. https://www.hindustantimes.com/real-estate/bengaluru-real-estate-heres-a-look-at-5-areas-in-the-city-where-techies-prefer-to-rent-property-101719824711169.html
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 »
