The new launches dipped by 14.5 per cent at 64,430 units in H1 CY2024 against 75,360 units in the same period in 2023 in the southern market. https://www.news18.com/business/real-estate/southern-market-sees-drop-in-property-launches-delhi-ncr-witnesses-rise-in-h1-report-9051758.html
Pune real estate: Microsoft had earlier bought a 16.4 acres land parcel in Pune’s Hinjewadi for Rs. 520 crore https://www.hindustantimes.com/real-estate/microsoft-india-buys-another-land-parcel-for-rs-453-crore-in-punes-it-hub-hinjewadi-101726235707985.html
Domestic firms have accounted for almost 47% of overall office leasing activity since last two years. This marks a departure from dominance of global companies https://www.hindustantimes.com/real-estate/domestic-it-bfsi-and-co-working-firms-to-lease-60-65-mn-sq-ft-space-between-2024-2025-across-ncr-bengaluru-and-mumbai-101726129570794.html
Brokers point out that demand for homebuying among millennials and Gen Z has surged 30-45 percent compared to the same period last year https://www.moneycontrol.com/news/business/real-estate/better-buy-than-pay-hefty-rent-bengaluru-sees-a-change-as-gen-z-millennials-turn-homebuyers-12818334.html
Based on the P/I Ratio, Magicbricks said that Chennai (5), Ahmedabad (5), and Kolkata (5) are among the most affordable cities for residential investments in 2024, while the Mumbai Metropolitan Region (14.3) and Delhi (10.1) emerged as the least affordable https://www.moneycontrol.com/news/india/mumbai-delhi-least-affordable-cities-for-real-estate-investments-chennai-kolkata-more-pocket-friendly-magicbricks-12816615.html
Of the total of 25 ultra-luxury homes sold in 2024 so far, at least 20 were high-rise apartments worth nearly Rs 1,694 crore. https://www.news18.com/business/real-estate/ultra-luxury-home-sales-hit-rs-2443-crore-in-8-months-mumbai-hyderabad-gurgaon-top-markets-9039903.html#goog_rewarded
Maharashtra Govt to Deliberate on Stamp Duty Relief https://timesproperty.com/news/post/buying-agricultural-land-grow-your-money-alongside-crops-blid7422?offset=1
In terms of sale bookings, Mumbai-based Godrej Properties witnessed pre-sales of Rs 8,637 crore in the April-June quarter while Delhi NCR-based DLF Ltd reported more than three-fold jump in its sale bookings at Rs 6,404 crore during the same period. https://www.moneycontrol.com/news/business/real-estate/major-realty-firms-sell-properties-worth-rs-35000-cr-in-q1fy25-godrej-properties-tops-list-12811670.html
India’s tier-I real estate markets have entered into the ‘transparent’ zone for the first time, driven by institutionalisation of commercial assets and improvement in access to diverse real estate data https://www.business-standard.com/industry/news/global-real-estate-transparency-index-2024-india-ranks-31-uk-leads-list-124082700844_1.html
The ‘Prime Global Cities Index Q2 2024’ report notes that the average annual price increase across 44 key residential markets worldwide was 2.6% in the 12-month period ending June 2024. However, Indian cities have bucked this global trend, with Mumbai, New Delhi, and Bengaluru all registering robust growth in their prime residential property markets. https://www.cnbctv18.com/real-estate/mumbai-and-delhi-lead-global-surge-record-price-hikes-in-prime-residential-markets-19464699.htm
