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

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

There was a 23 per cent yearly decline in Delhi-NCR’s unsold inventory – from about 1,23,692 units by 2022-end to nearly 94,803 units by 2023-end https://www.news18.com/business/real-estate-delhi-ncrs-unsold-inventory-at-decadal-low-under-1-lakh-units-for-1st-time-8731059.html