Housing projects for senior citizens are expected to drive significant growth in the real estate sector because of a rise in elderly population, preference for them to settle down in tier-II cities after retirement, and the need for safer space. Anuj Jain, a 65-year-old resident of Mumbai, recently purchased a flat in a senior housing complex near Pune. “Both my children live overseas, and I have just retired. My plan was to settle in a peaceful location which has all facilities for seniors,” he, said.
 

India has a potential for five times data centre capacity expansion to fuel digital transformation and the country requires an additional 1.7-3.6 GW (gigawatt) data centre capacity over and above the planned development of 2.32 GW (colocation) capacity, taking the potential of possible data centre capacity to over 5 GW, according to a report by Cushman and Wakefield. According to the data, India’s colocation data centre capacity stood at 977 MW across the top seven cities.

After a moderate sales growth in the first quarter of 2024, infotech hubs of Pune, Hyderabad and Bengaluru are seeing decline or even flat growth in residential property sales during the current quarter. While Hyderabad and Pune have seen the highest decline among the top cities at 20% and 15%, respectively, sales remained flat in Bengaluru, according to data by PropEquity. In the January-March quarter, Bengaluru, Hyderabad and Pune saw growth of 6%, 18% and 1%, respectively.

The Ministry of Housing and Urban Affairs (MoHUA) is pushing for a major makeover in how housing projects are built in India. D. Thara, Additional Secretary at MoHUA, recently addressed industry leaders, outlining a vision for a more sustainable and family-friendly housing sector. Thara emphasised a shift away from traditional practices, urging developers to incorporate features like rainwater harvesting systems. This would significantly reduce dependence on municipal water supplies, especially crucial in areas facing water scarcity.

In a landmark move towards environmental sustainability, India’s real estate sector is poised for a significant transformation driven by ambitious government policies aimed at achieving net-zero carbon emissions by 2047. The latest initiatives underscore a vital shift towards green growth, aligning with global sustainability goals and signaling a new era for urban development in the country. Under the leadership of Prime Minister Narendra Modi, who recently commenced his third term in office, the government has reaffirmed its commitment to sustainable development.

With the latest advancements in infrastructure and connectivity, the commercial real estate sector demonstrates a positive outlook on the market. Considering the supply/demand fundamentals, investors are continuing to leverage the potential of the market for higher ROIs. Hence, factors like economic conditions and market sentiment resulting in income generation and value appreciation make the underlying assets Productive

Acquiring your initial home marks a momentous occasion and a substantial financial commitment. With the Indian real estate market offering a wide range of options, from affordable housing to luxury apartments, it’s crucial to plan and budget carefully. Before you begin the home-buying journey, it’s essential to evaluate your financial situation. Here are some practical tips to help you understand the home-buying process without straining your finances

Golden Growth Fund (GGF), a leading investment fund, has announced its foray into the luxury real estate market of South Delhi. Their inaugural project involves acquiring a prime land parcel in the upscale Anand Niketan neighborhood, known for its excellent connectivity to top hospitals, schools, markets, and other essential amenities. The acquired land parcel will be transformed into an ultra-luxury residential project featuring only four spacious dwelling units.

Unity Small Finance Bank has purchased commercial properties in two separate locations in Mumbai in deals valued at around ₹400 crore, property registration documents showed. The two transactions were registered on June 18, 2024. In the first deal, valued at ₹227 crore, the private lender has secured several units in Wing A of Unity Towers located in Santacruz West, Mumbai. The seller in the big ticket transaction is Intercon Corporation Ltd, according to property registration documents accessed by FloorTap.com

The cabinet of Bihar Chief Minister Nitish Kumar on Thursday gave the nod to metro projects in four more cities of the state. Patna Metro, the foundation of which was laid by Prime Minister Narendra Modi on February 17, 2019, is currently under construction. In a cabinet meeting chaired by Kumar, approval was given to metro projects in Muzaffarpur, Gaya, Darbhanga and Bhagalpur.

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