The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60 lakh per sq ft, making it one of the costliest property transactions in the country. The buyer has paid Rs 5 crore in stamp duty charges alone for the registration of the deal. https://realty.economictimes.indiatimes.com/news/residential/nri-businessman-jai-mahtani-buys-flat-in-south-mumbai-for-over-rs-83-crore/97634374?redirect=1

The government has created various plans, according to the Finance Minister, which would improve the nation’s infrastructure and real estate, she said during her Budget presentation. The following announcements have been made by FM with these industries in mind. (PTI) https://www.livemint.com/budget/news/real-estate-budget-2023-10-major-announcements-by-fm-nirmala-sitharaman-11675245983075.html

India’s ?? economy to grow at 6.5 pc in 2023-24. India ?? to remain the fastest growing major economy in the world. Housing prices firming up after release of pent-up demand, decline in inventories. https://timesofindia.indiatimes.com/business/budget/nirmala-sitharaman-tables-economic-survey-2022-23-in-lok-sabha-highlights/articleshow/97482740.cms

Real estate players chart out country-wide strategies as demand for homes pick up strongly with a multitude of buyers warbling ‘Home sweet home’, and wanting to buy their first apartment, realtors are scrambling to build more housing, leading to a surge in real estate demand and also emboldening a few of the big builders to …

Big strides. Realtors go flat out for pan-India footprint Read More »

In the past ten years, the Indian real estate market has experienced tremendous expansion, and Non-Resident Indians (NRIs) have played a significant role in this boom. NRIs are more likely to purchase a home in India due to hybrid work arrangements, a wish to go back to their country of origin, and a desire for …

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India’s residential real estate segment experienced one of the best growth rates in the past decade, with record-breaking sales that indicated an improved buyer and investor sentiment.  https://timesofindia.indiatimes.com/blogs/voices/indias-housing-sale-hits-an-all-time-high-in-2022-basis-that-outlook-for-2023/

IGBC-certified residential projects are green group housing establishments/dwellings that adhere to the organisation’s green building criteria, principles and standards. https://www.financialexpress.com/money/key-things-you-must-know-before-investing-in-igbc-certified-projects/2957843/

Among the most expected factor for home buyers, this budget 2023 would be the increase in deduction limit for interest payments and principal amount on home loans especially to spur demand in a rising interest rates scenario. https://www.livemint.com/budget/expectations/budget-2023-what-home-buyers-can-expect-from-fm-nirmala-sitharaman-11674370107315.html

Report by property consultancy Knight Frank India calls 2022 watershed year & says sales were not materially dented by growing inflation, interest costs, or slowing economic growth. https://theprint.in/economy/why-indias-housing-market-hit-a-9-year-high-in-2022-higher-savings-need-for-security/1308059/

Wealthy Indians are addicted to buying houses and on an average own 5.1 residential houses, compared to the global average of 4.1 units https://www.thehindubusinessline.com/news/real-estate/super-rich-indians-seen-buying-more-homes-in-2023-says-survey/article66383151.ece