Housing sales rose 87 per cent in January-September across seven cities to 2,72,709 units and breached the transactions clocked in entire 2019 pre-COVID year on strong demand, according to Anarock.
Bengaluru has recorded the highest office space transactions with 7.3 million square feet in the third quarter of FY22, up by 70 per cent year-on-year from the previous year’s 4.3 million square feet, finds the latest report by Knight Frank India, a property consultancy.
The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 mn sq feet across the top 6 cities, driven by a spillover in demand from the last two years and renewed interest from occupiers.
The Maharashtra Government has completed the process of giving approvals to the much-stalled Dharavi Redevelopment project and the tendering process required to commence the redevelopment work will be done in three months, stated the Deputy Chief Minister of Maharashtra, Shri Devendra Fadnavis today.
With the three-day property expo “Homethon 2022” commencing from Friday, SWEETY ADIMULAM speaks to National Real Estate Development Council’s (NAREDCO) state president SANDEEP RUNWAL, about what the expo has to offer for buyers and the sector’s expectations from the state government.
Developers have made a demand to the Maharashtra government to provide either a complete or partial waiver in stamp duty payment to boost sales of real estate in the state.
Housing sales are likely to be affected as home loans will become costlier after the RBI's latest hike in repo rate, but builders hope that pent up and festive demand will negate any major impact on buying sentiment.
Antara Senior Living, part of the $4 billion Max Group and wholly owned subsidiary of Max India Limited, on Thursday announced the sale of over 300 units at its second senior living community in sector 150, Noida- a project that adds to the unit's larger aim of addressing lifestyle and lifecare needs of seniors.
All legacy dumpsites containing 16 crore metric tonnes of waste, and occupying 15,000 acres of prime land, will be remediated within the Swachh Bharat Mission (Urban) 2.0. period under the 'Lakshya Zero Dumpsite Challenge', Minister of Housing and Urban Affairs Hardeep Singh Puri said at the inaugural event of Swachh Shehar Samvad and Tech Exhibition held in the Capital on September 29.
Amid the news about Noida’s “twin towers” tumbling down and China’s imminent housing market collapse, we spoke to Snehil Gautam, Chief Growth and Marketing Officer, Housing.com, Makaan.com & Proptiger.com, who came across as quietly confident that the Indian real estate industry was entering a bull phase, after a long bear run.
