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Industry News

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Industry News

  • The Hans India-Greater Bhubaneswar plan mooted

    The Odisha government is contemplating creation of Greater Bhubaneswar Economic Region encompassing Bhubaneswar, Cuttack, Puri and Paradip. While reviewing various activities of Housing and Urban Development department at Lok Seva Bhawan here on Friday, Chief Minister Mohan Charan Majhi emphasised the necessity of such a plan from both urbanisation and economic perspectives to achieve a developed Odisha by 2036.

     

  • currentaffairs.adda247.com-India Ranks 3rd in Global LEED Green Buildings 2024

    India has once again secured the third position globally in the U.S. Green Building Council’s (USGBC) annual ranking of countries and regions with the most LEED-certified green buildings. With 370 projects covering 8.50 million gross square meters (GSM) of certified space, India continues to demonstrate its commitment to sustainable construction and environmentally responsible development. This ranking highlights India’s growing role in the global green building movement and its progress in achieving sustainability goals.

     

  • ibef.org-Pradhan Mantri Awas Yojana: A Game Changer for Urban and Rural Housing

    Pradhan Mantri Awas Yojana (PMAY) has been a landmark initiative in India’s housing sector, providing an ambitious solution to the country's growing housing demands, especially for the economically weaker sections (EWS) and low-income groups. Launched in 2015 by the Government of India, this scheme has transformed the urban and rural landscape of housing in India. It aims to provide affordable housing for all, aligned with the government's vision of ‘Housing for All.’

     

  • propnewstime.com-Kochi's office space expands 28 percent in three years, driven by IT and retail growth

     

  • moneycontrol.com-Religious tourism driving residential demand in religious cities, Prayagraj witnesses 28% surge

    India is witnessing a significant surge in travel related to religion, which real estate experts say is also driving realty demand in religious tourism hubs. According to Magicbricks data, tier 2 and 3 cities like Prayagraj and Ayodhya in Uttar Pradesh and Puri in Odisha, among others, have seen a jump in enquiries about possible purchases, attributed to a surge in those visiting for religious observances.

     

  • Business Standard-Delhi ranks 6th globally for luxury home price growth, 6.7% rise in Q4

    New Delhi has emerged as a top contender in the global luxury real estate market, securing the 6th position among 44 cities worldwide for the highest price appreciation of luxury homes, according to the latest Prime Global Cities Index Q4 2024 by real estate consultant Knight Frank. The capital city saw a 6.7% increase in luxury home prices during the December 2024 quarter, reflecting a growing demand for high-end properties in India’s capital.

     

  • etedge-insights.com-Strong domestic fundamentals to fuel Indian real estate in 2025

    The Indian real estate sector is experiencing significant growth, characterized by robust demand and dynamic market conditions. Supported by a resilient economy, expanding infrastructure development, and proactive government policies, the real estate sector has not only established a strong presence but is also entering a new phase of expansion, unlocking substantial growth potential for the nation. From the development of modern urban centers to accommodating leading global corporations, the sector has emerged as a crucial driver of the country’s economic progress.

  • egov.eletsonline.com-Real Estate Surge in India Signals Strong Investment Potential: Survey

    Even as property prices soar, homeownership remains a top aspiration for most Indians. A new Ipsos India survey reveals that six in ten Indians want to buy a house, but financial hurdles and rising costs make it difficult—especially for renters, nearly half of whom fear they may never afford one.

     

  • Financial Express-The Evolution of Gurgaon’s Real Estate: How Dwarka Expressway is leading the way

    With rising demand and consistent price appreciation, Gurgaon’s real estate market is on a strong growth trajectory. Its prime location, excellent connectivity, and world-class infrastructure make it a preferred choice for homebuyers and investors alike.

     

    The Evolution of Gurgaon Real Estate Infrastructure

  • Financial Express-Co-working spaces boom in small towns

    In December last year, Andhra Pradesh chief minister N Chandrababu Naidu, in a bid to boost employment opportunities for women, ordered state officials to facilitate development of co-working spaces and “neighbourhood working spaces”. By the end of 2025, Andhra Pradesh aims to set up 1,50,000 seats in co-working space centres in government and private buildings.

     

    While this push comes from the government, private players are on similar trajectories.