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Industry News

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Industry News

  • Hindustan Times-Buyers in possession of plot, flat or building must be given ownership: IBBI

    The Insolvency and Bankruptcy Board of India (IBBI) has proposed reforms to streamline the insolvency process for real estate companies and enhance protection for homebuyers.

  • Moneycontrol.com-Office space absorption grows 30% in 9 months of 2024, Bengaluru leads top 6 cities

    Office space absorption across six major Indian cities has shot up by around 30 percent on-year to 55.1 million square feet in the first nine months of 2024.

     

    Experts estimate that the office space demand will surpass 70 million square feet by the end of 2024 across Mumbai, Bengaluru, Delhi NCR, Hyderabad, Chennai and Pune.

     

  • theprint.in-High-level panel on urban planning recommends city-specific councils, empowering district authorities

    Setting up city-level economic development councils (CEDC) to leverage economic potential of cities, empowering district authorities to check on urban sprawl and planning for rural to urban transition are among the key recommendations of the Centre-appointed high-level committee on urban planning, ThePrint has learnt.

     

  • businessworld.in-India's Housing Sector Surfing From Headwinds To Tailwinds

    The Indian residential real estate (RRE) segment, which witnessed nearly a decade of sluggishness, has demonstrated remarkable resilience in the post-covid era. Prior to the pandemic, the sector was reeling under various challenges of demonetisation, the enactment of RERA, non-banking financial companies (NBFC) crisis, and pessimistic consumer sentiments, CareEdge Ratings has said in a report.

     

  • Moneycontrol.com-Noida real estate market: property prices more than double in last five years

    Once recognised for affordable and mid-segment properties, the twin cities of Noida and Greater Noida, have emerged as hotspots for premium real estate over the past five years. Real estate experts and available market data shows that property prices have doubled over the last five years in Noida and Greater Noida.

     

  • propnewstime.com-Greater Noida's real estate sector revitalized with 8,000+ flat registrations since February

    Since February 2024, Greater Noida has seen the registration of 8,106 flats following developers' adoption of the UP-government's policy aimed at reviving stalled real estate projects in the state. A report presented to the Greater Noida Industrial Development Authority's (GNIDA) board on October 27 indicated that an additional 8,000 flats are anticipated to be registered by March next year.

  • cnbctv18.com-Realty buzzes in Hyderabad as residential sales rise 20%, transactions up 7% in Sept quarter

    As the real estate market picks up pace, Hyderabad, the capital and largest city of Telangana, is showing sustained growth. According to a report by prop-tech platform Square Yards, Hyderabad saw a 20% rise in sales value and a 7% increase in transactions during July-September 2024.

     

    Real estate leaders like Aparna Constructions and Estates continued to dominate Hyderabad’s residential market, while Prestige Group also secured a top position among the leading developers in terms of both registered home sales and value.

  • asiapropertyawards.com-How Modi’s real estate reforms are transforming India’s housing market – and what’s next

    Only two years into his first term, Narendra Modi rocked India’s real estate sector by introducing the Real Estate (Regulation and Development) Act, 2016 (RERA). This legislation marked one of the most comprehensive regulatory changes the market had ever seen, signalling the prime minister’s clear intent to tackle the inefficiency and corruption that had long plagued the industry.

     

  • The Hindu Business Line-Biz families of Tier-II cities drive-up ultra luxury residential demand in North & West India

    Ultra-luxury residential projects in Gurgaon and premium plotted developments of North and West India - are witnessing active buyer interest from business families or promoter groups based out of Tier-II towns, which include Bhubaneswar, Kanpur, Ayodhya, Darjeeling, among others.

     

    For instance, ‘The Dahlias’ – realty major DLF’s upcoming super-luxury residential project in Gurgaon with units priced upwards of ₹80 crore – is witnessing active buyer interest from some of these Tier-II city-based business families.

  • Hindustan Times-Hyderabad's housing transactions rise 7%, sales value up 20% between July-Sep period: Report

    Hyderabad recorded a 7% annual growth in registration of residential properties during the July-September period of 2024, according to a report by proptech platform Square Yards on November 5.

     

    The city recorded a 7% annual growth in registered residential transactions during the July-September 2024 period at 19,527 units as compared to 18,314 units in same period last year, Square Yards said in a report that cited IGR data.