The Municipal Corporation of Delhi (MCD) has initiated a revamp of Kamla Market, officials aware of the project said on Monday, stating that as part of the renovation, the façade of the market will be painted white, similar to nearby Connaught Place. The civic body has also begun working on restoring the corridors of the 72-year-old market, and will repair the existing clock tower, the officials said, adding that the entire revamp work is expected to cost around ₹1.2 crore

Noida-Greater Noida has witnessed a strong real estate demand in the past few years and now, the market is seeing a rising trend that includes the surge in green homebuyers, where consumers prioritise environmentally conscious features, and those seeking professional space at home. In an interview with news18.com, Neeraj Sharma, MD of Escon Infra Realtor, discussed the Indian real estate market, especially Noida-Greater Noida, and shared his views on key factors driving the realty demand.

Max Estates has recently finalized binding agreements for a potential group housing residential development spanning 18.23 acres of land, with an estimated gross development value (GDV) exceeding Rs 9,000 crore in Gurugram. This development is set against a backdrop of approximately 4 million sq-ft of development area. Situated adjacent to its existing 11.80 acres of land on Dwarka Expressway in sector 36 A, Gurugram, where Max Estates entered into a Joint Development Agreement (JDA) last year, this new land parcel marks a significant expansion.

Realty firm Godrej Properties plans to launch residential projects worth Rs 30,000 crore this fiscal across major cities to achieve 20 per cent growth in sales bookings amid strong demand, its executive chairperson Pirojsha Godrej said. In an interview with PTI, Pirojsha said, "We have given a sales bookings guidance of Rs 27,000 crore for the current fiscal, a 20 per cent growth from high base in 2023-24." In the last fiscal, the company's sales bookings jumped 84 per cent to a record Rs 22,527 crore, from Rs 12,232 crore in the preceding year.

Move over jodi apartments. The latest trend that has caught on in Mumbai is that of duplex and triplex homes. Experiencing ‘villas in the sky’ instead of combining two apartments into a ‘jodi unit’ is the new norm, especially among luxury homebuyers who are looking at upgrading to bigger homes. Advertisements that call out for experiencing ‘the lavish lifestyle with cost-effective duplex flats in Mumbai’ or ‘beautifully designed 4BHK duplex apartment with a private terrace for sale in Bandra. Apt for a large family’, therefore don’t come in as a surprise.

New Gurugram stands out as a prominent micromarket inside Gurugram, supported by a strong retail and commercial infrastructure in addition to first-rate social facilities. Gurugram has solidified its position as a top choice for premium residential real estate, fueled by its status as a leading commercial and IT hub in Northern India. The influx of skilled professionals migrating to the city has bolstered its real estate market. However, the dwindling inventory of available properties has pushed prices towards the higher end of the spectrum.

A majority (69 per cent) of women preferred to invest in property as opposed to gold, SIPs, stocks and luxury fashion, according to a recent survey conducted by NoBroker, a tech-based brokerage-free real estate platform. NoBroker's survey revealed that of total women respondents looking to buy homes, 27 per cent declared investment their primary motivator, while 81 per cent were looking to buy for end-use. NoBroker’s annual real estate report (issued in December 2021) also mentioned that real estate is currently an end users’ market.

Credit outstanding to the housing sector rose by nearly Rs 10 lakh crore in the last two fiscals to reach a record Rs 27.23 lakh crore in March this year, according to RBI's data on 'Sectoral Deployment of Bank Credit'. Experts from banking and real estate sectors attributed this growth in housing credit outstanding to a strong revival in the residential property market post-COVID pandemic on pent-up demand.

In the dynamic landscape of the modern workplace, co-working spaces have emerged as vibrant hubs of innovation and collaboration. However, with escalating operational expenses and intensifying competition, co-working companies face the imperative to streamline their costs while enhancing their competitive position. By implementing strategic measures, co-working spaces can optimize efficiency, trim unnecessary expenditures, and fortify their market advantage.

Tenants in New York City’s 1 million rent-stabilized apartments are on track to face the third year in a row of rent increases as renters and landlords grapple with rising costs. The city’s Rent Guidelines Board on Tuesday endorsed potential rent hikes of 2% to 4.5% for one-year leases and 4% to 6.5% for two-year leases. Price increases in those ranges are likely to be approved at a final vote in June.