The Telangana Bhu Bharati (Record of Rights in Land) Bill, 2024, which was passed by the state Legislative Assembly is being welcomed by various stakeholders including citizens, real estate community, and bureaucrats.
Real estate developers across the country have urged the central government to reconsider the proposal of bringing FSI (floor space index) and additional FSI charges within the scope of Goods and Services Tax (GST), as the move may trigger an increase in property prices.
The construction industry is growing faster than other sectors in the country. The construction sector in India currently has a business growth rate of about 20%, and this is expected to increase in the future. Due to this, more women should join the construction industry, which is traditionally considered male-dominated, said Niranjan Hiranandani, Chairman of the National Real Estate Development Council (NAREDCO), and a well-known construction professional.
Despite fears of a proposed 100 to 2,000 percent jantri rate hike in the coming months, Gujarat Chief Minister Bhupendra Patel brought a sense of relief to developers at the NAREDCO Property Fest on Saturday.
Top officials from the National Real Estate Development Council (NAREDCO), including Dr Niranjan Hiranandani, NAREDCO’s national chairman, and Gujarat chapter head Suresh Patel, urged the CM to implement a rational increase in jantri rates.
Indian real estate attracted $4.15 billion of private equity (PE) investments this calendar year, up 32 per cent annually, led by higher inflow in the housing segment, according to Knight Frank India.
Real estate consultant Knight Frank India on Thursday released a report 'Trends in Private Equity Investment in India 2024'.
The consultant reported that the private equity investment in Indian real estate reached $4,153 million in the calendar year 2024.
The Change of Guard Ceremony organized by NAREDCO Mahi at the Sheraton Grand in Pune marked a new chapter in the organization’s journey to promote women’s leadership in the real estate sector. The event officially announced Dr. Ananta S. Raghuvanshi as the new Chairperson and Ms. Smita Dhanraj Patil as the President of NAREDCO Mahi. Dr. Raghuvanshi, who previously served as President, has now transitioned to the role of Chairperson, while Ms. Patil, the former President-elect, has assumed the role of President.
Koelnmesse India proudly announced the launch of ORGATEC India, a landmark event focusing on workspace design, furniture, and technology. The highlight of the announcement was the launching of two new wings: Women Wing of NAREDCO and Youth Wing of NAREDCO Next Gen. The announcement was made at an exclusive press conference held at The Oberoi, New Delhi, attended by leading designers, industry pioneers, and business leaders.
The National Real Estate Development Council (NAREDCO) was established in 1998 as an autonomous and self-regulatory apex body under the Ministry of Housing and Urban Affairs, Government of India. Shri Manohar Lal Khattar, Minister of Urban Development and Housing, serves as the Chief Patron of NAREDCO, while Gujarat’s Hon’ble Chief Minister Shri Bhupendra Patel is the Chief Patron of NAREDCO Gujarat.
NAREDCO Property Fest – 2024
The National Real Estate Development Council (NAREDCO) Gujarat is hosting its biggest property fest from December 20th to 22nd, between 10 am and 8 pm daily near Vaishnodevi Circle towards Ognaj Toll Plaza on Sardar Patel Ring Road. For the first time, participating developers will offer a 0% stamp duty benefit on bookings during fest.
Grand opening and offerings
The Reserve Bank of India (RBI) has yet again opted to make the residence purchase proposition easier for home seekers, maintaining the repo rate at 6.5% and reducing the cash reserve ratio (CRR) by 50 basis points to 4% in its policy review. Those who pair policy announcements with the next festive occasion have likened this to a Christmas gift in advance with the RBI playing Santa Claus, while simultaneously wishing the rate cut had been implemented on both.
