With an aim to expedite the process of land acquisition for the development of a dedicated sector for industrial growth, the Yamuna Expressway Industrial Development Authority (YEIDA) has released a fund of over Rs 650 crore to the district administration for the acquisition of land along Yamuna Expressway near the upcoming Noida International Airport, officials aware of the matter said.
In the bustling metropolis of Mumbai, the demand for residential properties has seen a remarkable surge, particularly along the Western Express Highway (WEH). This golden corridor, stretching through the heart of the city, has become a hotbed for real estate development, attracting buyers and investors alike.
Gross office leasing in Delhi-NCR touched 4.03 mn sq ft in the first quarter (Jan-March) of 2024 on the back of leasing demand from domestic occupiers, including flex, who accounted for approximately 54% of the total leasing activity, according to a report released by JLL on April 8.
NH-8 in Gurugram and Noida city showcased the highest leasing activity, collectively accounting for over 50% of the total leasing during the quarter, the report said
Continuing its upward trajectory, India’s top eight primary residential markets witnessed a strong demand during January-March (Q1 2024) this year with sales rising by 68 per cent in value terms to nearly Rs 1.11 lakh crore, according to a report by PropTiger.com.
In its quarterly report titled ‘Real Insight Residential – January–March 2024’, PropTiger.com reported that housing sales in value terms rose to Rs 1,10,880 crore in January-March 2024 from Rs 66,155 crore in the year-ago period.
The Indian residential real estate market has greatly benefited from several reforms by the Modi-led government, helping the industry to not only to emerge stronger but also to scale new heights. A new report ‘Real Estate Unboxed: The Modi Effect’ by Anarock and Naredco showcases a housing landscape that is ripe with potential for evolving growth opportunities.
In a decade marked by reforms and economic shifts, India's real estate sector has emerged as a powerhouse, contributing significantly to the nation's growth trajectory. A recent report by the real estate industry offers insights into the sector's evolution under the Modi government, highlighting its challenges, reforms, and future prospects.
The Indian residential real estate sector has experienced a major transformation fueled by key reforms introduced by the Modi-led government, as revealed in a new report titled "Real Estate Unboxed: The Modi Effect," jointly released by Anarock and NAREDCO. The report sheds light on the sector's journey over the past decade, highlighting significant growth and the emergence of new opportunities.
Employment in the Indian real estate surged to 7.1 crore in the last calendar year from 4 crore in 2013, driven by healthy growth in the housing segment supported by several policy reforms by the Modi government, according to a joint report by Anarock and NAREDCO.
An agreement between two parties, results into a contract only when all the essential elements of a valid contract are present. In case, one or more such elements are missing, the contract will either be void, or voidable, or illegal, or unenforceable. What is a void contract? A binding contract is drafted, keeping in mind the legal nitty gritty of law. In case of any oversight, such a contract will have no enforceability. This is where the terms void and voidable contracts come into picture
Old, abandoned buildings, such as power plants, mills, factories, and old houses, serve as concrete links to a city’s industrial and social history, representing important stages in its evolution. As cities grapple with the twin issues of a rising population and overcrowding, the redevelopment of these neglected structures has often entailed demolishing them to make way for new modern buildings and infrastructure.
