India’s property market has heated up since the pandemic, with 2023 being the best year for home sales in at least 15 years. With about 70 mn Indian households turning eligible for home ownership over the next 10 years, there would be a requirement for as many as 100 million new houses. https://economictimes.indiatimes.com/industry/services/property-/-cstruction/india-will-need-to-build-100-million-homes-this-decade-amid-rising-household-incomes/articleshow/110952725.cms?from=mdr

Builders are focusing more on launching luxury apartments to encash a surge in demand for premium residential properties. Profit margins are also high in luxury projects. https://www.cnbctv18.com/real-estate/sales-of-affordable-homes-fall-4-pc-in-top-8-cities-in-jan-mar-premium-homes-property-prices-propequity-19429285.htm

Manila claimed the top spot in the ranking with a 26.2% annual rise in prices which was the highest in the ranking this quarter. https://www.news18.com/business/knight-frank-prime-global-cities-index-mumbai-delhi-property-price-8931230.html

The Siddaramaiah administration is looking to borrow from digital initiatives of the BJP-ruled Madhya Pradesh. Deputy Inspector General of Registration (Vigilance) Anmol Jain was sent to Madhya Pradesh to study the system there. https://www.deccanherald.com/india/karnataka/karnataka-plans-digital-sub-registrar-offices-3064425

Having emerged as the proverbial juggernaut this year, the country’s real estate industry continues to gallop at a tremendous pace. https://www.financialexpress.com/money/the-resilience-and-rise-of-real-estate-unveiling-the-investment-landscape-in-2024-3522613/lite/

In the past few years, the Indian real estate sector has placed a greater emphasis on technology integration and is experiencing drastic changes as a result of this futuristic measure https://www.news18.com/business/house-search-financial-settlement-ownership-transfer-how-technology-is-transforming-real-estate-sector-8929457.html

Amaravati’s real estate prices have surged by up to 100% within three days of the Andhra Pradesh assembly poll results and Lok Sabha election verdict on June 4! Want to know why?https://www.financialexpress.com/money/election-results-real-estate-prices-in-this-city-surge-up-to-100-in-3-days-thanks-to-chandrababu-naidu-3518324/

The premium housing segment still takes the longest time to sell its unsold inventory, with an average of 29 months as of Q1 2024, a report has said. https://www.hindustantimes.com/real-estate/bengaluru-and-delhi-ncr-require-the-least-time-to-liquidate-unsold-housing-inventory-101717648288274.html

The real estate sector is at a crucial point, with great growth potential but significant challenges. To reach a market size of USD 1 trillion by 2030 and become a net-zero carbon industry by 2047, we need government support. https://realty.economictimes.indiatimes.com/news/regulatory/new-government-must-bring-policy-reforms-in-realty-sector-naredco/110719210?utm_source=whatsapp_web&utm_medium=social&utm_campaign=socialsharebuttons

While other cities have lately shown a trend reversal, especially post-Covid-19, MMR’s affinity for skyscrapers shows no signs of slowing down. https://www.deccanherald.com/business/mumbais-vertical-boom-mmr-to-see-34-growth-in-skyscrapers-with-40-floors-over-next-six-years-3046103