Mumbai Sees Highest Property Registrations In January From Last 12 Years
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
Govt working on the scheme to help middle class purchase or build homes: Housing and urban affairs secretary
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
Real Estate Budget 2024: Focus on infrastructure, new housing scheme for the middle class
New housing scheme for the middle class to boost residential demand as well as supply; infrastructure upgrade to fuel growth in Tier 2 and Tier 3 cities. https://www.hindustantimes.com/real-estate/real-estate-budget-2024-focus-on-infrastructure-new-housing-scheme-for-the-middle-class-101706791768069.html
Union Budget 2024: 10 major takeaways from Modi govt’s pre-election budget
Union finance minister Nirmala Sitharaman on Thursday presented the last Budget of the Narendra Modi government before the 2024 Lok Sabha elections, with a particular focus on women, youth, poor and farmers. https://timesofindia.indiatimes.com/business/budget/union-budget-2024-10-major-takeaways-from-modi-govts-pre-election-budget/articleshow/107320037.cms
Real estate boom may continue for at least 3-4 years; listed players to gain most: Motilal Oswal
The real estate sector is in the middle of an up cycle fuelled by demand-supply balance, low inventory, favourable affordability, and gradual price hikes. https://www.moneycontrol.com/news/business/real-estate/real-estate-boom-may-continue-for-at-least-3-4-years-listed-players-to-gain-most-motilal-oswal-12154011.html
Forbes Global Properties plans to develop real estate projects in Mumbai, Delhi and Goa
India Forbes Global Properties is expected to develop a100-acre mixed-use project in Navi Mumbai; In talks for a commercial project in Delhi near the airport https://www.hindustantimes.com/real-estate/forbes-global-properties-forays-into-indian-real-estate-market-expected-to-develop-projects-in-mumbai-delhi-and-goa-101706112213500.html
Average flat sizes in top seven cities rise by 11% in 2023; Delhi-NCR witnesses highest growth in average apartment size
MMR and Kolkata are the only cities where average flat sizes declined annually by 5% and 2% respectively; The average flat size in Hyderabad was the highest https://www.hindustantimes.com/real-estate/average-flat-sizes-in-top-seven-cities-rise-by-11-in-2023-101706429379648.html
Housing rents up by 25–30% across major cities from 2019 level: Report
This surge in rents has contributed to a modest enhancement in rental yields. Despite these positive trends, there remains a considerable gap to bridge when compared to global real estate hubs such as New York, London, Dubai, and Singapore, says a report by Housing.com. https://www.cnbctv18.com/real-estate/housing-rents-up-by-2530-pc-across-major-cities-from-2019-level-housingcom-report-18882051.htm
Budget 2024: CREDAI pushes for lower tax, shorter holding period for long-term capital gains
Budget 2024 Expectations: The real estate sector body added that there should also be a provision of a credit guarantee scheme for housing loans up to Rs 40 lakh and house improvement loans up to Rs 20 lakh. https://www.moneycontrol.com/news/business/real-estate/budget-2024-credai-pushes-for-lower-tax-shorter-holding-period-for-long-term-capital-gains-12093741.html
Government to revamp stamp duty regime, proposes new law
The department of revenue has drafted the ‘Indian Stamp Bill, 2023’ and uploaded the draft Bill on its website for public consultation https://www.hindustantimes.com/business/government-to-revamp-stamp-duty-regime-proposes-new-law-101705510722945.html