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Industry News

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Industry News

  • businesstoday.in-Why Mumbai is facing hurdles in achieving affordable housing despite government schemes? Niranjan Hiranandani weighs in

    Despite ambitious governmental initiatives like the Pradhan Mantri Awas Yojana (PMAY) aimed at fostering affordable housing, major Indian cities like Mumbai continue to grapple with unaffordable home prices. Dr. Niranjan Hiranandani, Founder and Chairman of the Hiranandani Group, in an old video posted on social media, said that a significant portion of housing costs — up to 50% — is consumed by various government levies, such as GST and stamp duty.

     

  • realestateasia.com-What’s driving the strong demand for luxury housing in Bengaluru?

     

    Luxury housing demand in Bengaluru during 2025 is expected to remain strong according to JLL, driven by the city’s thriving IT industry, the increasing presence of and employment opportunities by MNCs, and the growing population of high-income buyers and investors.

     

  • The Tribune-JB Nagar Emerges as Andheri East's New Luxury Residential Hotspot

    Andheri East, one of Mumbai's most dynamic real estate markets, has been experiencing steady growth in property prices and infrastructure development. According to data from 99acres.com, property prices in Andheri East have witnessed consistent appreciation, driven by its commercial significance and expanding infrastructure. Over the past year, property values in the area have increased by 3.3%, while in the last decade, they have surged by 16.4%.

     

  • Business Standard-Mumbai gets ₹896 cr as stamp duty from 11,500 property registrations in Feb

    Mumbai’s property market continued its strong performance in February, recording 11,541 sale registrations under the Brihanmumbai Municipal Corporation’s jurisdiction. The registrations contributed Rs 896 crore in stamp duty revenue to the state government, according to data from Knight Frank India.

     

  • Moneycontrol.com-Shop-cum-office complexes the new trend in Delhi-NCR realty market

     

    The commercial real estate is space is witnessing a new trend: the rising popularity of shop-cum-office (SCO) complexes, which combine retail and office environments in a single space.

     

    SCO complexes are emerging as a favourite choice for developers, especially in the Delhi-NCR (National Capital Region) micro market, say experts.

     

  • etnownews.com-Real Estate News: Housing sales fall 9%, new supply declines 15% in top 9 cities in 2024

    Real Estate News , Real Estate in India, Real Estate Market , Housing Sales : The residential real estate market in India’s top 9 cities has witnessed a marginal decline of 9 per cent in sales at 4,70,899 units while new supply fell by 15% to 4,11,022 units in 2024 on the back of two quarters of under-activity due to General Elections and Monsoon.

     

  • Hindustan Times-Gurugram: DTCP approves ₹1,000 crore EDC payment for infra

    The Department of Town and Country Planning (DTCP) has sanctioned the disbursement of ₹1,000 crore from External Development Charges (EDC) to metropolitan authorities across Haryana and Haryana Shahari Vikas Pradhikaran (HSVP) for infrastructure projects.

     

  • propnewstime.com-Pune leads home loan disbursals as high-value loans rise in Q4 2024

    MagicLoans has reported a significant rise in demand for high-value home loans, particularly in the INR 50 lakh - INR 1 crore category, which emerged as the most sought-after segment in Q4 2024 (October-December). This bracket accounted for 36% of all home loans disbursed through the Magicbricks platform, reflecting a growing preference for premium housing. The INR 10 lakh - INR 50 lakh loan segment followed closely, contributing 33.7% of total disbursals, indicating strong demand in the mid-range housing segment as well.

     

  • News18.com-Sonipat Real Estate: How Development Is Reshaping Residential, Commercial Landscape In City

    The historic city of Sonipat, Haryana’s fast-growing urban hub, is poised for a significant transformation in its retail landscape, driven by the far-reaching initiatives of the Haryana State Industrial and Infrastructure Development Corporation (HSIIDC).

     

  • Financial Express-What is fuelling real estate growth in Bahadurgarh?

    Real estate has been on an upward trajectory over the past few years after nearly a decade of stagnation. The National Capital Region (NCR) has outperformed many other cities, with several satellite towns delivering significant returns. More recently, Bahadurgarh has joined this growth trend, witnessing a surge in real estate activity and emerging as a promising micro-market.