A huge 8 per cent surge in rent was seen in Bengaluru's prime areas in the first quarter of 2024 said real estate consultant ANAROCK's report, according to which residential rental values shot up in all top 7 cities. The trend is not limited to IT-dominated Bengaluru with a rental yield of 4.45 per cent in Q1 2024 but other cities have not witnessed a surge like that of the magnitude seen in Bengaluru.

Luxury housing units priced more than ₹4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. The percentage share of the luxury segment in the overall residential unit sales stood at about 5% during the period, according to CBRE South Asia’s report titled 'India Market Monitor Q1 2024'. As per the data, the total sales in this price category stood at 4,140 units during January-March this year across seven major cities from 3,780 units in the year-ago period

Home prices in India are likely to increase by 4-6 per cent this year but rising per capita income will support demand, said a report on Tuesday. Moderating inflation, stable commodity prices, a lower fiscal deficit, and a decline in global policy rates would set the stage for interest rate cuts to boost housing demand, according to CRISIL Ratings.

Selecting the appropriate home loan lender is a vital step in the home-buying process. It can influence not just the interest rate you receive, but also the overall cost, simplicity, and transparency of the transaction. However, it’s important not to rush into making this decision. Instead, take the time to secure quotes from a few lenders to compare interest rates, fees, and terms

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ASK Property Fund, the real estate private equity arm of Blackstone-backed ASK Asset and Wealth Management Group, has announced an exit of ₹354 crore from its investment in three projects of QVC Realty Developers. The investment amount was ₹200 crore and the company has achieved 1.8x multiples of capital invested with an IRR of approximately 20%, the company said in a statement.

The Housing and Urban Development Department on Sunday organised a one day training cum interactive session under the supervision of Commissioner Secretary, H&UDD, Mandeep Kaur. The session was conducted by Anand Malligavad, Water Bodies Rejuvenation Expert from the Ministry for Housing and Urban Affairs (MoHUA).

Ahead of the June 30 delivery date, the Delhi Development Authority hiked the workforce and nodal officers for each of the 11 towers in the Golf View Apartments in Sector 19B of Dwarka by half to ensure timely completion, officials said on Monday. The move comes after allottees raised concerns over timely delivery of flats. DDA officials said the authority’s vice-chair Subhashish Panda visited the site on April 25 and was briefed that the deadline would be met

Construction of 82.36 lakh houses has been completed till April 22, 2024, under the government’s flagship Pradhan Mantri Awas Yojana Urban (PMAY-U) component, official data show. The Centre has sanctioned 118.64 lakh units under the PMAY-U as against the demand for 112.24 lakh units. Of the 118.64 lakh sanctioned units, ground for construction has been laid for 114.17 lakh houses till April. In terms of finances, Rs 1,99,653 crore was committed for the PMAY-U. Of this, Rs 1,63,926 crore has been sanctioned while Rs 1,50,562 crore has been spend on house construction.

Rating agency ICRA expects the construction industry in India to maintain a healthy revenue growth momentum in FY2025 with a projected YoY growth of 12-15% in FY2025 after witnessing a stellar 18-20% revenue growth in FY2024e. The Government’s thrust on infrastructure is reflected in its increase in capex allocations to Rs 11.1 trillion (+16.9% YoY) in FY2025 budget estimates (BE), which augurs well for the sector. ICRA maintains a Stable outlook on the sector with steady growth in operating income, moderate leverage, and healthy coverage metrics.

Highways and expressways have always been the story behind the real estate sector’s growth. We have seen how the ease of connectivity has transformed the regions in and around Delhi. Over the years, there has been buzz around NH 24, Dwarka Expressway etc. The people and real estate developers have reacted to the opportunities constructively. The latest entrant to the real estate scene is the 46-km-long Gurugram-Pataudi-Rewari Highway in Haryana.