The real estate consultant Anarock and realtor’s body NAREDCO’s report titled Real Estate Unboxed: The Modi Effect was released on Monday. https://www.news18.com/business/indias-real-estate-sector-created-over-3-crore-job-opportunities-in-the-last-decade-report-8845358.html

PropTiger.com data showed that housing sales grew by 41 per cent to 1,20,640 units in the first quarter of this calendar year from 85,840 units in the corresponding period of the previous year. https://www.financialexpress.com/money/houses-worth-rs-1-11-lakh-crore-sold-during-q1-2024-up-by-68-in-value-terms-report-3450935/

While Knight Frank does not see this as an alarming factor yet, it blamed higher property prices for the trailing figures. Average residential real estate prices in Bengaluru grew 9% year-on-year during the first quarter, only second to Hyderabad at 13%. https://www.deccanherald.com/india/karnataka/bengaluru/bengaluru-tops-office-leasing-trails-housing-sales-in-q1-2024-knight-frank-2965633?utm_source=whatsapp&utm_medium=referral&utm_campaign=socialshare

RBI’s decision to keep lending rates unchanged presents EMI-dependent homebuyers and those waiting on the sidelines to fulfill their home-ownership aspirations https://www.hindustantimes.com/real-estate/rbi-monetary-policy-2024-unchanged-interest-rates-to-encourage-homebuyers-to-invest-in-real-estate-boost-housing-sales-101712296793576.html

Those priced below Rs 50 lakh record dip in sales in January-March quarter: Knight Frank https://www.business-standard.com/industry/news/homes-priced-above-rs-1-cr-corner-highest-share-ever-in-total-sales-report-124040400349_1.html

These proptech companies use technologies like AI, big data analytics, machine learning, virtual reality, and blockchain to revolutionise how properties are bought, sold, rented, financed, and managed https://www.business-standard.com/industry/news/proptech-startups-increase-investments-as-more-people-buy-homes-online-124040100669_1.html

Similarly, the stamp duty collections from property registrations in Mumbai real estate market, fell down by 8 percent to 1,126 crore in March 2024 to Rs 1,226 crore in March 2023, according to Maharashtra government data. https://www.moneycontrol.com/news/business/real-estate/mumbai-property-registrations-rise-8-in-march-ready-reckoner-rates-unchanged-for-fy25-12555401.html

MMR and Pune account for over 51% of the total sales in the top 7 cities; 1.10 lakh housing units were launched in Q1 2024 https://www.hindustantimes.com/real-estate/housing-sales-in-top-seven-cities-record-14-increase-in-q1-2024-prices-rise-by-1032-101711523176255.html

The city of Mumbai emerged as the leader in this segment, witnessing a total of at least 29 luxury homes sold, with a combined value of Rs 3,031 crore. https://www.financialexpress.com/money/luxury-homes-priced-above-rs-50-cr-see-remarkable-increase-in-sales-3436858/

Among corporate occupiers, over 85 per cent already lease green office spaces, motivated by energy savings and sustainability targets https://www.business-standard.com/industry/news/residential-buyers-willing-to-pay-5-10-more-for-green-buildings-report-124032200766_1.html