Based on the preferences of over 4500 customers across 11 cities, Magicbricks launched its flagship Housing Sentiment Index (HSI) revealing a positive market outlook for the Indian residential real estate sector with an overall HSI of 149. According to Magicbricks report, despite inflationary pressures, the HSI across India remains robust with strong buyer confidence.
Amidst the revival of the real estate sector, Anand Kumar, Chairman of NCT of Delhi RERA, has underscored the imperative for real estate developers and agents to register under RERA. During the second Management Development Program convened by National Real Estate Development Council (NAREDCO), he emphasised there is a need to bring transparency and facilitating growth within the industry.
The National Real Estate Development Council (NAREDCO) Maharashtra in association with Practicing Engineers, Architects and Town Planners Association (PEATA) recently hosted a pivotal knowledge session ‘All About Policy’ which brought together distinguished experts from the real estate sector to discuss critical policy implications and their impacts on the Mumbai real estate market. Prashant Sharma, President of NAREDCO Maharashtra, inaugurated the session, emphasising the significance of such knowledge exchanges in understanding the intricacies of real estate regulations.
Indian real estate is rebounding and there is no doubt that it's an important contributor to the country's economy. While the sector is likely to touch a market size of $1 trillion by 2030, its contribution may increase to 15% to the country's GDP by 2050, feels G Hari Babu, National President of NAREDCO. The 3-day real estate workshop is jointly organised by The National Real Estate Development Council (NAREDCO), under the aegis of the Ministry of Housing & Urban Affairs, and Delhi RERA.
In the earlier days, Vastu experts figured out the correct direction with the help of the sun’s shadow. Today, thanks to technology, the Vastu compass is a simple device to learn about directions. The Earth is a huge magnet that has two centres of force – the North and the South poles. The core of the planet, which is mainly molten iron, creates a magnetic field as it spins around. This is what makes the north and south poles magnetic, based on which compasses can work. A compass is a device with a magnetic needle that aids in determining the direction of the Earth’s magnetic poles.
Brookfield India Real Estate Trust (BIRET) on May 16 reported an 89 per cent rise in its adjusted net operating income to ₹460.8 crore during the March quarter and announced distribution of ₹208.6 crore to unitholders. Its net operating income (NOI) stood at ₹244.4 crore in the year-ago period. During the full 2023-24 fiscal, the company's NOI increased to ₹1,506.2 crore from ₹960.8 crore in the preceding year, according to a regulatory filing.
Managed office space provider Skootr plans to add 5 million square feet to its inventory by FY2028 at an estimated investment of Rs 1,000 crore to expand its portfolio and widen its footprints across key micro markets of the country, Anuj Saxena, co-founder of Skootr, told Moneycontrol. The company last week launched its premium flexible workspace ‘Skootr Palace Park’, sprawled over 1.03 lakh sqft in sector 129 along the Noida-Greater Noida Expressway.
DLF Ltd. is testing Mumbai’s luxury market for condominiums with a project in the city before launching more in the financial hub, a senior official at India’s biggest real estate developer said. The development will be in the western suburb of Andheri, and will comprise of three or more bedroom apartments spread over 1,600 square feet (148.64 square meters) to 1,700 square feet, Aakash Ohri, senior executive director for business development at the company, said in an interview.
Table is turning on Ayodhya after the inauguration of the Ram temple. The small temple town is now at the center of a never-ending saga of infrastructure growth and multi-phased economic development. As a part of the master plan 2031, the GOI has committed a huge budget of Rs 83,000 crore for the development of infrastructure. Already projects worth Rs 30,500 crore are either completed or are at various stages of construction
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.
