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
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 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
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
Superstar Amitabh Bachchan has reportedly bought a plot in a seven-star enclave in Ayodhya, the holy town in Uttar Pradesh where the majestic Ram temple is set to open its doors later this month. https://timesofindia.indiatimes.com/city/mumbai/amitabh-bachchan-buys-plot-for-new-home-in-ayodhya-latest-news/articleshow/106883698.cms
The demand for property in Lakshadweep has seen an uptick ever since Prime Minister Narendra Modi visited the island. Investing in the Union Territory can emerge as a strategic investment venture due to the booming tourism industry and the archipelago’s unparalleled natural beauty. Recent research has shown that there has been a growing demand for …
Can you buy a property in Lakshadweep? Know everything about it Read More »
Domestic investments doubled, leading to increased share of domestic investors https://www.thehindubusinessline.com/news/real-estate/domestic-investors-bullish-on-realty-sector-investments-grow-120-to-15-billion-in-2023-report/article67729659.ece
The AMC said that the new entity, named Nuvama and Cushman & Wakefield Management Private Limited (NCW), will offer full suite of capabilities for investing in commercial real estate. https://www.moneycontrol.com/news/business/companies/nuvama-amc-cushman-wakefield-to-raise-rs-3000-cr-commercial-real-estate-fund-12030381.html
2023 witnessed high volume of registrations and interest from homebuyers and oversaw over 19,050 RERA registrations at pan India level, according to the report, with 45 per cent projects falling in the residential segment. https://www.financialexpress.com/business/industry-housing-demand-in-india-projected-to-reach-93-million-by-2036-says-credai-liases-foras-report-3359689/
Demand for luxury housing in India surged to 112% in 2023 compared to the previous year, fueled by increased disposable income and the allure of an enhanced lifestyle, according to proptech unicorn NoBroker. https://www.livemint.com/industry/demand-for-luxury-housing-in-india-surges-villas-most-popular-in-metro-cities-nobroker-11704440107758.html
