Akshaya Tritiya, also known as Akha Teej, Akti is a Hindu spring festival that denotes new beginnings. Akshaya means eternal and Tritiya means the third day of the fortnight. This year Akshaya Tritiya falls on May 10. This day is considered auspicious for people investing in anything be it gold, home décor or even home. Why is Akshaya Tritiya important for the real estate market? Home buying is a deeply sentiment driven activity, especially for first time buyers. It is largely done by seeing auspicious dates etc.

Rental prices in 13 major Indian cities surged 16% year-on-year in the March quarter, with Greater Noida, Gurugram, and Bengaluru seeing the highest increases. Demand for rental units in the Rs 10,000 to Rs 30,000 range dominated, accounting for 42% of total demand. However, supply only increased marginally, leading to a mismatch between demand and availability. Abhishek Bhadra, Head of Research at Magicbricks, attributes the surge in rents to the resumption of office operations since 2022, offering higher yields to landlords.

The National Real Estate Development Council (NAREDCO), operating under the aegis of the ministry of housing & urban affairs, Government of India has announced its second management development program, “RERA & Real Estate Essentials,” which will be hosted on May 15, 16 and 17, 2024 at PHD House in Delhi, under the banner of the National Institute of Real Estate Development (NIRED).

Given the rapid pace of urban expansion and the escalating impacts of climate change, the need for sustainable urban development has reached unprecedented levels. Cities around the world are grappling with unprecedented challenges, including rising temperatures, deteriorating air quality, reduced green space and increased energy demand. Innovative urban planning strategies are coming to the fore in response to these challenges, with green terraces proving to be a particularly promising solution.

With only two months left for the official arrival of the monsoon in Delhi, the Municipal Corporation of Delhi (MCD) has begun a survey to identify dangerous buildings in the national capital. The MCD aims to finish the exercise by the end of June, officials aware of the matter said. According to MCD officials, the exercise will be conducted in all types of localities, be it approved colonies or unauthorised colonies or villages. The monsoon in Delhi typically arrives in July. "The civic body has so far surveyed over 86,000 houses and none of them were found dangerous till now.

Real estate developer Oberoi Realty has entered into a development agreement for development and redevelopment of land admeasuring approximately 12,790 square meter (sqm) that is located at Adarsh Nagar, Worli, Mumbai, the company mentioned in a regulatory filing with the National Stock Exchange (NSE). The land that will be redeveloped is leased to the Maharashtra Housing and Area Development Authority (Mhada). Currently, there are seven buildings on this land and a total of 504 flats are present.

In a significant development in India's banking sector, the contribution to commercial real estate loans by banks is nearing the Rs 4 lakh crore mark. This milestone underscores the substantial involvement of financial institutions in financing the country's commercial property market, including office spaces, retail outlets, and other commercial developments. Indian banks are witnessing a notable surge in lending to the commercial real estate sector, signaling a renewed confidence in the market's stability and attractiveness.

Real estate and equity have long been the primary avenues for investment. Recently, real estate is experiencing an upturn due to economic growth and rapid urbanisation. Traditionally, the realm of real estate investment for retail investors has been limited to residential properties or small commercial spaces, such as individual shops. However, the landscape is shifting dramatically with the advent of fractional ownership. This allows access to institutional-grade properties that were once the exclusive domain of the very wealthy or institutional investors.

The focus on health, wellness and sustainability has gained significant traction in real estate post-pandemic. Among homebuyers, green homes have surged in popularity, and with good reason. Sustainable design forms the core of green buildings, driven by the goal of enhancing water, energy and material efficiency while reducing their impact on human well-being and the environment over a building’s entire lifespan.

In the last four years, the workspace landscape has undergone a massive change, first with the introduction of work-from-home during and after the pandemic and then hybrid working as well as flexi model. More and more companies have now started looking beyond traditional workplace set-up, reducing the dependency on single-location office space. This shift has pushed the need and demand both for co-working and managed offices. Earlier, there were only a handful of companies which used to have a hybrid working model for their employees