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
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 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
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
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
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
