A report by PropTiger.com said that all the markets covered in the analysis showed an upward movement in average rates of new homes https://www.business-standard.com/industry/news/housing-prices-increase-sharply-in-q1cy23-see-an-average-7-yoy-jump-123050200811_1.html
Union Minister of commerce and industry Piyush Goyal said that India is poised to become the 3rd largest construction market in the next 2-3 years, adding that the Real Estate sector will provide huge business opportunities, generate employment and provide big avenues for the startup ecosystem. http://timesofindia.indiatimes.com/articleshow/99531910.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
India has also emerged as the most sought-after destination which has been propelled by the IT boom, contributing to a larger demand for residential homes https://www.mid-day.com/lifestyle/culture/article/what-is-driving-millennials-to-reshape-the-indian-real-estate-sector-23282994
There was an uptake in the number of millennials opting for home loans, with about 27 percent of homebuyers in the 25-35 age group opting for home loans, up from 17 percent pre-Covid https://www.moneycontrol.com/news/business/despite-high-interest-rates-home-loan-demand-up-42-between-january-and-march-report-10474071.html
Post-pandemic, many households now prefer to live in plotted developments rather than apartments. https://www.financialexpress.com/money/plotted-developments-a-lucrative-and-high-potential-investment-option/3057129/lite/?utm_source=Whatsapp
Pune’s Hinjewadi recorded the highest growth in rentals after three Bengaluru locations. https://www.bqprime.com/real-estate/house-rent-in-indian-cities-jump-by-double-digits-bengaluru-tops-list-anarock
Despite rising prices, bigger homes have remained the preferred choice for the aspirational middle class, gen-Z and millennials, the three key drivers of housing demand, according to experts. https://www.business-standard.com/india-news/bigger-homes-remain-the-preferred-choice-for-homebuyers-shows-data-123041801005_1.html
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
