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Industry News

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Industry News

  • Govt initiates process to allot houses to poor The Times of India

    People belonging to the economically weaker section of the society are set to get a new address with the housing and urban development department initiating the allotment process of 20 ready-to-move-in houses built for them by a private developer in the Pahala area.

     

  • Sustainable energy transition powering Indian real estate Financial Express

    Fossil fuels have powered human progress for centuries, but their unimpeded use has left us with a ‘substantial possibility’ of the global temperature rise breaching the 2° Celsius threshold by mid-century, despite significant efforts to counter global warming. Notably, the Global North accounted for about 75% of the cumulative global emissions until the last century.

  • Shapoorji Pallonji Real Estate eyes ₹500 crore revenue from new luxury project in Bengaluru Hindustan Times

    Shapoorji Pallonji Real Estate has launched 180 luxury apartments in its project in Bengaluru with a saleable area of 4.3 lakh square feet and is eyeing a revenue potential of almost ₹500 crore, the company said.

     

  • With investment of Rs 50,000 cr, UP's real estate sector set for boom: Govt Business Standard

    Uttar Pradesh is set to witness a boom in the real estate sector with the launch of projects worth over Rs 50,000 crore which will also see creation of a significant number of jobs for the youth in the state, the government said on Thursday.

     

  • Mumbai Coastal Road poised to propel real estate growth in Western Suburbs aimamedia.org

    The city that never sleeps is on the cusp of a significant transformation.

     

    The much-anticipated and ambitious Coastal Road project, a state-of-the-art expressway stretching along Mumbai’s western coastline, is poised to be a major game changer, especially for residential projects in western suburbs. Already a preferred location for luxury residential projects, the Western suburb of Mumbai is expected to see a rise in

     

  • Mumbai is now among the world's top 10 luxury real estate markets: Knight Frank Wealth Report 2024 Hindustan Times

    Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price growth in luxury housing. Delhi takes the 37th spot and Bengaluru 59th position, according to Knight Frank’s The Wealth Report 2024.

     

  • Govt fostering culture of innovation in urban development: Hardeep Puri Devdiscourse.com

    Calling urbanisation as one of the defining trends of the 21st century, Shri Hardeep Singh Puri, Minister of Housing & Urban Affairs and Petroleum & Natural Gas, said that the two-thirds of the world’s population will live in cities by 2050. “Cities are going to be central in achieving various global goals, particularly those related to sustainability and climate resilience”, he said.

  • Grade A developers drive 40% sale of new real estate projects in key cities in 2023 Constructionweekonline.in

     

    The ever-increasing dominance of branded developers in Indian residential real estate is shifting homebuyer attention from ready-to-move or almost-complete projects to newly launched projects. Latest Anarock Research data shows that over 40% of approx. 4.77 lakh homes sold in 2023 was in newly launched projects. The share of newly launched supply sales in pre-pandemic 2019 was much lower at 26% of approx. 2.61 lakh homes sold that year.

  • More Indians are purchasing newly-launched homes post-COVID businesstoday.in

    The ever-increasing dominance of branded developers in India’s residential real estate market is shifting homebuyers’ attention from ready-to-move or almost-complete projects to newly launched projects. While in the decade leading up to 2020, Indians were preferring ready-to-move homes due to repeated incidences of project delays and realtors going bankrupt, in the current decade more number of buyers are booking homes at the launch of the respective projects.

     

  • Housing prices jump 8.4% in Chennai in Q3; how much have residential property rates increased in your city?

    Housing prices in India have continued to increase in the third quarter of 2023-24, according to the data released by the Reserve Bank of India (RBI). The All-India Home Price Index (HPI) of the RBI jumped to 3.81% in the December quarter of 2023-24 from the year-ago period. During the corresponding quarter last year, the annual growth in the index was 2.81%.