Chief minister N Chandrababu Naidu on Friday said they are moving ahead with the ‘Build AP' slogan and are firm in encouraging the construction sector which was completely demolished in the five-year destructive rule of YSRCP. He said he attended the NAREDCO property exhibition only to show his govt's commitment to boost the real estate sector.
In a bid to boost the construction sector in Andhra Pradesh, Chief Minister Nara Chandrababu Naidu emphasized the pivotal role this industry plays, noting that approximately 34 lakh people depend on it for their livelihoods. During the inauguration of the NAREDCO Property Show in Guntur, Naidu highlighted the government's efforts to rejuvenate the sector, which he described as a "continuous process" essential for the state's economic development.
In December, property registrations within Mumbai's city limits experienced a slight increase, reaching 12,415 units, up from 12,285 in the same month the previous year. This uptick can be attributed to stronger housing demand, according to Knight Frank India. Residential properties made up a significant 80% of the total registrations for the month of December. Looking at the bigger picture, property registrations in Mumbai for the entire year of 2024 surpassed 141,000 units, compared to just under 127,000 in 2023.
As the Indian real estate sector undergoes transformative changes, driven by evolving consumer expectations, technological advancements, and government initiatives, collaboration between developers, policymakers and stakeholders will be essential to address the growing demand for quality housing, sustainable practices and cutting-edge technology in 2025, according to industry experts.
The National Real Estate Development Council (NAREDCO) on Monday advocated for a significant increase in the deduction on housing loan interest payments, urging a rise from Rs 2 lakh to Rs 5 lakh. Additionally, the council pressed for housing to be granted infrastructure status in the forthcoming Budget.
National Real Estate Development Council (NAREDCO) Vidarbha Chapter ‘Homethon 2.0’ Property Expo at Chitnavis Centre, Civil Lines, Nagpur on last day witnessed resounding success with thousands of visitors. Chief Minister Devendra Fadnavis was chief guest along with guest like Maharashtra Revenue Minister Chandrashekhar Bawankule, District Collector Dr Vipin Itankar, West Nagpur MLA Vikas Thakre, NAREDCO National Vice Chairman Rajan Bandelkar.
National Real Estate Development Council on Monday pressed for a hike in deduction on housing loan interest payment from ₹2 lakh to ₹5 lakh and accord infrastructure status to the housing sector in the forthcoming Budget.
Talking to reporters after attending the customary pre-budget meeting with Finance Minister Nirmala Sitharaman, National Real Estate Development Council (NAREDCO) Chairman Niranjan Hiranandani said that efforts are needed to be made to increase the flow of funds to the affordable housing sector.
With the Maharashtra Housing Minister Atul Save calling real estate developers to be part of slum redevelopment process initiated by the state government through various agencies, the National Real Estate Development Council (NAREDCO) has formally requested the state government authorities to allocate 5,000 slum redevelopment projects to the industry body.
The Indian real estate industry is undergoing a period of significant transformation, with evolving consumer expectations, technological advancements, and government initiatives driving this change.
Looking ahead to 2025, industry experts predict that collaboration between developers, policymakers, and stakeholders will be critical to meeting the growing demand for quality housing, sustainability, and cutting-edge technologies.
With India’s housing market witnessing the ongoing housing boom, the year 2024 is being projected as the best year yet, when it comes to home sales, with approx. 3 lakh homes worth Rs 510,000 crore to get registered in top metros by the end of this year. The sales have been largely driven by economic growth and infrastructure improvements, reflecting continuous robust demand and rising capital values.
