Land prices in Andhra Pradesh's greenfield capital city of Amaravati, which recorded a sharp surge when Chandrababu Naidu-led Telugu Desam Party returned to power with a thumping majority in the state assembly polls in June 2024, have now stabilised and transactions have increased in the region, according to experts who spoke to HT.com.
NAREDCO Maharashtra has announced the strengthening of its 'PROPEL' initiative in collaboration with Brigade Real Estate Accelerator Program (REAP), aimed at supporting emerging entrepreneurs in India's rapidly evolving real estate sector. The partnership will provide crucial funding, mentorship, and strategic support to startups in the PropTech space, which is a growing sector in the country.
Finance, a financial services institution focused on the personal finance space in India, has collaborated with NAREDCO Maharashtra NextGen as the Research Partner for Excelerate 3.0. The event unveiled the research report entailing a detailed examination of Greater Mumbai’s current real estate landscape, including pricing trends, transaction volumes, and inventory levels.
With the air quality remaining in the ‘severe’ category for the third consecutive day, the Commission for Air Quality Management (CAQM) has imposed strict measures to curb pollution levels and imposed GRAP Stage III in the national capital. Restrictions under Stage III include a ban on non-essential construction and demolition, closure of stone crushers and mining activities in Delhi-National Capital Region (NCR). This, say real estate developers, may delay projects and impact timely delivery to homebuyers.
The National Real Estate Development Council (NAREDCO) Maharashtra NextGen unveiled the third edition of Excelerate 3.0, scheduled for 14th November 2024 at Hotel Sahara Star, Mumbai. Under the theme ‘Innovation in Construction,’ the event aims to further the penetration of cutting-edge innovation in making the construction and real estate industry.
Urging graduates to support him in the MLC elections to be held in March, former Minister Alapati Rajendra Prasad said he would stand for the development of the real estate sector in the State.
Speaking as a special guest at the general body meeting of the National Real Estate Development Council (NAREDCO) in Vijayawada on November 1, Friday, Mr. Rajendra Prasad promised the gathering that he would contribute to finding solutions for the problems faced by the sector.
Real estate companies expect a surge in sales this Diwali, as developers and experts note a 15-20 percent rise in property inquiries and transactions during the ongoing festive season.
Experts said attractive interest rates on home loans and the cultural inclination to make significant investments such as buying real estate during Diwali are adding to the sales glitter.
Deputy Chief Minister Mallu Bhatti Vikramarka has announced that the government will construct residential towers for Musi oustees in the same area with all facilities and integrated schools for their children.
Addressing a property show organised by the National Real Estate Development Council (NAREDCO) at Hitex on Saturday, he reiterated that Chief Minister A Revanth Reddy and the state government were committed to providing a dignified life to the Musi dwellers.
As old buildings and many eligible in the MMR await redevelopment, there is a need to create enough housing stock for which redevelopment is a better compliant by exploring possibilities of public-private partnerships, stated Dr Bhushan Gagrani, Commissioner, Brihanmumbai Municipal Corporation. He was speaking at a panel discussion — ‘Society Redevelopment under Various Sections’, organised by NAREDCO Maharashtra at Mumbai.
In a recent report by PropTiger.com, a subsidiary of REA India, the average property prices in most cities that were analysed, experienced double-digit growth in the third quarter of calendar year 2024 compared to the same period last year.
Property prices in India’s eight prime residential markets firmed up further in the past one year amid a spike in the cost of construction, data available with online property brokerage firm PropTiger.com stated.
