The state housing regulator MahaRERA has framed minimum physical specifications for retirement homes and senior citizen housing projects, also known as old-age homes. The new regulations will be applicable across Maharashtra for new project proposals.
Do you want to own a commercial building or an office or a warehouse in cities like Mumbai, Pune, Bengaluru or Delhi? It’s possible and that too at an investment of as low as Rs 1 lakh, which comes to less than Rs 300 a day, through the fractional ownership model. Fractional ownership is redefining the rules of real estate in the country. The Indian real estate market is undergoing a whole range of shifts in terms of developments, investments, government reforms, and consumer behavior.
Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% among top eight cities while Delhi-NCR saw housing prices increase of 16%, Colliers India and data analytic firm Liases Foras said in a joint report
Renting a property is a lot of hard work for a landlord as it is his responsibility to ensure that the tenant has a comfortable stay. For this, certain preparations must be made before a tenant moves in, during the stay and after he leaves so that the property is set for a new tenant. Check out these pointers that a landlord should follow for problem-free renting of property. Documentation Adhere to government and legal conditions in rental agreements. For instance, your property should be registered before being let out on rent. Ensure that you have a rental license.
Brookfield India Real Estate Trust (BIRET) is set to acquire a 50 percent stake in four Grade A assets from Bharti Enterprises in Delhi and Gurugram, the real estate firms said on May 16. The enterprise value of the properties is around Rs 6,000 crore. The acquisition includes marquee commercial properties spread over 3.3 million square feet. The total equity consideration for the 50 percent stake would be fulfilled through a preferential allotment of units in BIRET to Bharti at Rs 300 a unit.
Real estate developer Experion Developers, a fully FDI-funded premium and a wholly owned subsidiary of Experion Holdings, Singapore, has launched its flagship ultra-luxury residential project, Experion Elements. Nestled in Noida Sector 45, Experion Elements offers 320 ultra-luxurious 3 and 4 BHK residences, starting from Rs 4.97 crore. The project has exclusive EV Parking Apartments.
Realty firm Signature Global Ltd has set a target to sell housing properties worth ₹10,000 crore in 2024-25, up 38 per cent from the last fiscal, as it expects demand for residential assets to remain strong. In its investors presentation, the company has given a guidance of ₹10,000 crore for sales bookings in the current fiscal. The company's sales bookings more than doubled to ₹7,268 crore in 2023-24 from ₹3,430 crore in the preceding year
DLF Ltd, a leading real estate developer, has announced plans to develop a super luxury housing project on Golf Course Road in Gurugram. The project, spanning over 17 acres in DLF Phase-5, is expected to comprise more than 400 apartments, with an estimated revenue potential of around Rs 25,000 crore. Aakash Ohri, Joint Managing Director of DLF Home Developers, a subsidiary of DLF Ltd, shared details of the project in an interview with PTI.
As real estate prices collapse in Europe and the US due to remote working options after Covid, economist Sanjeev Sanyal on Tuesday pointed to a structural, not cyclical shift, adding that any revival in commercial real estate "will likely need a completely different model". Sanyal wonders what it would mean for investors and policy-makers (including urban managers), if the same dynamics play out "elsewhere (including India) as the tech-driven social changes are happening here too".
India tops major APAC countries with the highest data center capacity of around 950MW in the Asia-Pacific region (excluding China), overtaking major countries like Australia, Hong Kong SAR, Japan, Singapore, and Korea, according to CBRE South Asia Pvt. Ltd’s report titled ‘Asia Pacific Data Center Trends Q1 2024’.
India is likely to record the highest capacity addition of around 850 MW during the 2024-2026 period, higher than major APAC countries, it said.
