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Industry News

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Industry News

  • The Economic Times-Delhi Development Authority records highest housing sales in a decade with Rs 5,185 crore revenue

    The Delhi Development Authority (DDA) has achieved its highest housing sales collection in a decade, amassing Rs 5,185 crore from the sale of over 15,000 flats between April 2023 and February 27, 2025, TOI has reported. This figure significantly exceeds the Rs 4,462 crore collected over the previous eight years (April 2015 to March 2023), according to DDA officials.

     

  • Monyecontrol.com-Over 1.1 crore real estate units registered under RERA across 20 states since 2017, Maharashtra leads

    As many as 1.43 lakh real estate projects, comprising 1.11 crore units, have been registered with the Real Estate Regulatory Authority (RERA) across 20 states in the country till 2024 since its operationalisation in 2017.

     

    According to data provided by NSE-listed real estate analytics firm PropEquity, the number of projects registered with RERA fell by 21 percent between 2022-2024. It, however, had risen by 145 percent to 25,281 projects between calendar years 2020 and 2022.

     

  • propnewstime.com-South Delhi's luxury housing boom fuels INR 5.65 lakh crore redevelopment potential

    According to a recently published report by Delhi-based SEBI-registered Alternative Investment Fund (AIF) Golden Growth Fund, South Delhi's premium residential market presents a significant redevelopment opportunity, with nearly 18,500 privately owned residential plots spread across 42 MCD-regulated colonies. These plots, in total worth of about INR 5.65 lakh crore, are situated in Category A, B, and C colonies and vary between 125 square yards and 1,750 square yards and cost between INR 6 lakh and INR 15 lakh per square yard.

     

  • cnbctv18.com-Mumbai’s real estate holds strong, but affordable housing is struggling: Knight Frank India

    Mumbai’s property market is showing mixed signals as overall registrations remain robust while the affordable housing segment continues to shrink, according to Gulam Zia, Senior Executive Director of Knight Frank India, a privately-owned property consultancy.

     

    The numbers in Mumbai are holding steady—despite global headwinds and wealth effects seen in equity markets, the residential transaction figures have not shown any significant slowdown, Zia remarked.

  • aninews.in-India's Luxury Homebuyers Prefer Sustainable Mansions - TheLuxuryEstates.in Report

    TheLuxuryEstates, a premier digital platform for high-end real estate, has released its latest report on India's evolving luxury homebuyer preferences. The report highlights a significant shift towards eco-friendly, smart, and wellness-centric luxury homes, marking a new era in the country's high-end real estate market.

     

  • Financial Express-Second home market in India surges past $3 bn: Goa, Ayodhya lead market growth

    Second home and vacation rental market in India is growing at a staggering speed with the current market sized over USD 3 billion. Indian buyers are now actively scouting for such properties in picturesque locations. What was once a fad or lifestyle upgrade for the well-heeled & selected few is seeing increased democratization, says the Second Home Quadrant Report, released by real estate advisory 360 Realtors in partnership with Axon Developers.

     

  • Hindustan Times-Here’s what you should know about Mysuru Film City and its real estate potential

    Karnataka Chief Minister Siddaramaiah has reiterated plans for a major 150-acre film city project in Mysuru, with land already secured for development. Mysuru is rapidly emerging as a hotspot in the real estate market, fueled by its strategic location, expanding infrastructure, and robust economic growth.

     

  • The Free Press Journal-India’s Real Estate Market Trends: Luxury Buying Likely To Rise

    India’s real estate market, according to various estimates, had a strong run in 2024. As a result, the year 2025 looks promising. There have been many positive shifts, and the same trends will repeat this year with a higher demand fueling India’s housing market even as the office segment expands.

     

    Here are the top five real estate trends that are likely to dominate the Indian market:

    1.     Housing market to expand in Tier 2 and Tier 3 cities

  • The Free Press Journal-Why RBI's Repo Rate Reduction Is A Reason To Rejoice

    They say all good things come to those who wait and when the Reserve Bank of India (RBI) announced its sixth bi-monthly monetary policy for FY25 on February 7, 2025, real estate sector stakeholders across

     

  • businesstoday.in-Why Mumbai is facing hurdles in achieving affordable housing despite government schemes? Niranjan Hiranandani weighs in

    Despite ambitious governmental initiatives like the Pradhan Mantri Awas Yojana (PMAY) aimed at fostering affordable housing, major Indian cities like Mumbai continue to grapple with unaffordable home prices. Dr. Niranjan Hiranandani, Founder and Chairman of the Hiranandani Group, in an old video posted on social media, said that a significant portion of housing costs — up to 50% — is consumed by various government levies, such as GST and stamp duty.