Shubhashish Homes, a real estate developer in Jaipur, has entered into a development agreement with Gurnani Group to develop a residential group housing project on Main SEZ Road, just 100 meters from the main Ajmer Road. Spread over 10.6 acres (approximately), the project will offer approximately 7 lakh sq-ft of saleable area and will be developed as a modern and one of the most luxurious villa projects in Jaipur. “This will be a landmark project of Rajasthan. We will develop it as a very luxury villa project.

Experion Developers has announced its new venture in Noida, Uttar Pradesh. With a strategic acquisition of prime land parcels in Noida’s Sector 45, Experion Developers has planned a luxury propery in the heart of the city. The project’s central location in Noida ensures unparalleled connectivity for residents. At the heart of the project are twin towers. Spanning across 4.7 acres with dual frontage, the project embodies sustainability and eco-consciousness, boasting GRIHA-rated green buildings designed to minimize environmental impact.

Delhi-based Numax Realcon Consortium has been granted the licence by the Muzaffarnagar Development Authority to develop an integrated township on 77 acres of land in Muzaffarnagar. As per the license, permission has been granted for the construction of plots, villas, a commercial complex with independent floors, school, police station etc. in this township, located on the Delhi Dehradun Expressway, Muzaffarnagar, Uttar Pradesh.

Real estate is a key growth driver for any economy, and the growth of the office asset class has been fuelled by India’s consistent economic expansion. It is estimated that by 2030, India is poised to emerge as the world’s third-largest real estate market with a total value of USD 1 trillion, accounting for roughly 18-20% of the country’s GDP according to a joint report prepared by NAREDCO and EY. Commercial real estate in particular has witnessed robust growth in recent years, fuelled by rapid urbanization, infrastructure development, a thriving economy, and population growth.

Institutional investments in real estate declined 55 per cent annually in January-March this year to USD 552 million as cautious foreign investors stayed away, pumping in only USD 11 mn, according to Vestian. The real estate sector had attracted USD 1,238.3 million (USD 1.23 billion) in the January-March period of 2023 calendar year, as per the report, which was released on Saturday.

Private equity funding in the real estate sector fell 16 per cent last fiscal to USD 3.67 billion on lower interest from foreign investors, according to Anarock. In its report, Capital FLUX, real estate consultant Anarock pointed out that the private equity (PE) deals in Indian real estate have declined to USD 3,674 million in 2023-24 from USD 4,358 million in the previous year. The PE inflow in real estate stood at USD 5,138 million in 2019-20, USD 6,377 million in 2020-21, USD 4,236 million in 2021-22 financial year.

India is likely to have 1.5 million new senior living facilities in 10 years as the population of the elderly more than doubles, said a report by a real estate consultancy on Wednesday. CBRE said 17 per cent of the world's elderly – people aged 60 and older – will be in India by 2050. The country has some 150 million elderly people and their number is expected to rise to 230 million in 10-12 years, according to the report called ‘Golden opportunities from the silver economy – analysing the future of senior care in India’.

Owning a house is becoming a distant reality for India's middle class, as affordable housing grows increasingly scarce. Houses costing less than Rs 50 lakh now make up just 15% of India's total residential real estate market, following a decline during the pandemic. The number of affordable homes has seen a drop over the past two years, from 27% in Q1 of 2022 to the current 15% in Q1 of 2024, marking the lowest market share for such homes in years, according to JLL, a prominent real estate consultancy.

Malaxmi Group CEO Sandeep Mandava has been unanimously elected as the Central Zone president of the National Real Estate Development Council (NAREDCO). NAREDCO is a self-regulatory organisation under the Ministry of Housing and Urban Affairs of the Union Government, providing services in the field of real estate development. The central zone encompasses NTR, Krishna, Eluru, Bhimavaram, Kakinada, and Konaseema districts.

Malaxmi Group CEO Sandeep Mandava has been unanimously elected as the Central Zone president of the National Real Estate Development Council (NAREDCO). NAREDCO is a self-regulatory organisation under the Ministry of Housing and Urban Affairs of the Union Government, providing services in the field of real estate development. The central zone encompasses NTR, Krishna, Eluru, Bhimavaram, Kakinada, and Konaseema districts.