Union Minister of commerce and industry Piyush Goyal said that India is poised to become the 3rd largest construction market in the next 2-3 years, adding that the Real Estate sector will provide huge business opportunities, generate employment and provide big avenues for the startup ecosystem. http://timesofindia.indiatimes.com/articleshow/99531910.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

India has also emerged as the most sought-after destination which has been propelled by the IT boom, contributing to a larger demand for residential homes https://www.mid-day.com/lifestyle/culture/article/what-is-driving-millennials-to-reshape-the-indian-real-estate-sector-23282994

There was an uptake in the number of millennials opting for home loans, with about 27 percent of homebuyers in the 25-35 age group opting for home loans, up from 17 percent pre-Covid https://www.moneycontrol.com/news/business/despite-high-interest-rates-home-loan-demand-up-42-between-january-and-march-report-10474071.html

Post-pandemic, many households now prefer to live in plotted developments rather than apartments. https://www.financialexpress.com/money/plotted-developments-a-lucrative-and-high-potential-investment-option/3057129/lite/?utm_source=Whatsapp

Pune’s Hinjewadi recorded the highest growth in rentals after three Bengaluru locations. https://www.bqprime.com/real-estate/house-rent-in-indian-cities-jump-by-double-digits-bengaluru-tops-list-anarock

Despite rising prices, bigger homes have remained the preferred choice for the aspirational middle class, gen-Z and millennials, the three key drivers of housing demand, according to experts. https://www.business-standard.com/india-news/bigger-homes-remain-the-preferred-choice-for-homebuyers-shows-data-123041801005_1.html

The agreement will aim to protect homebuyers from potential abuses, reduce disputes, and provide effective grievance redressal mechanism to consumers. https://www.moneycontrol.com/news/business/real-estate/easing-the-home-buying-process-govt-to-set-up-panel-for-model-builder-buyer-agreement-10435641.html VANDANA RAMNANI The government has decided to form a committee to work on a model builder-buyer agreement to simplify the home-buying process and protect homebuyers. The government has decided to form a committee to …

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State commissions have jurisdiction to deal with complaints when the value of the goods or services is worth between ₹50 lakh and ₹2 crore. https://www.hindustantimes.com/india-news/union-ministry-to-mediate-in-real-estate-disputes-under-consumer-rights-law-101681757959993-amp.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_AMP

Tie-up to add over 400,000 green housing units across the country, all certified by IGBC https://www.business-standard.com/industry/news/credai-indian-green-building-council-to-erect-4-000-projects-by-2030-123041600400_1.html

The video is about how the real estate market is shaping up in a post-pandemic world. With vaccination drives and relaxation of restrictions, the market is showing signs of revival. The demand for affordable housing is likely to remain strong, particularly in urban areas, while commercial real estate could see a shift towards flexible and …

Future of the real estate market in India in 2023 Read More »