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Industry News

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Industry News

  • Hindustan Times-Gautam Budh Nagar circle rate hike: What the proposed 20% to 70% increase means for homebuyers

    For the first time in nine years, the Uttar Pradesh Stamp and Registration Department is considering a 20% to 70% increase in circle rates, set to take effect on April 1. The proposed hike for high-rise apartments in Noida is expected to be 20%, while Greater Noida may see an increase of up to 30%. Circle rates for agricultural land are also set to rise, with Jewar experiencing a 70% increase, Greater Noida rising by nearly 50%, and Noida by 40%.

     

  • Constructionweekonline.in-Luxury homes in Delhi-NCR: Nothing less than Rs 10 crore

    In the vibrant landscape of Delhi-NCR, the luxury real estate market is experiencing a remarkable renaissance, capturing the attention of affluent buyers and investors alike. With over 34% of homes currently listed for sale priced at Rs 10 crore or more, the region has firmly established itself as a premier destination for those seeking opulent living spaces that cater to their refined tastes and aspirations.

  • etnownews.com-Are branded homes good investment in India? Insights from experts

    Branded homes in India have become an increasingly appealing investment option, driven by growing demand from high-net-worth individuals (HNIs) and aspirational buyers. Over the last decade, the number of branded residential projects has expanded by 160 per cent and the market is on track to reach $5 billion by 2025.

     

  • Financial Express-Robust demand and premiumisation to define India’s office space growth in 2025

    India’s office sector is expected to maintain its strong growth momentum in 2025, which is likely to be driven by resilient economic fundamentals, a firm employment outlook, readily available talent pool, and favourable government policies, including relaxation of SEZ denotification norms, boosting occupiers’ confidence in expanding their real estate portfolios, according to a CBRE report.

     

  • The Times of India-Chandigarh urban planning department approves Manimajra housing project layout

    In a significant move, the urban planning department of the Chandigarh administration has approved the layout and zoning plan for the MC's land to develop a housing society in Manimajra. The MC aims to earn Rs 250 to 300 crore by auctioning this prime land. The civic body authority will now proceed to finalise the terms and conditions, and related aspects to maximise revenue from the land disposal.

     

  • Hindustan Times-Bengaluru civic body to use AI for property tax crackdown, doorstep khata delivery from April

    The Bruhat Bengaluru Mahanagara Palike (BBMP) will now use artificial intelligence to deliver property documents to the doorstep and to identify illegal constructions, Karnataka Deputy Chief Minister DK Shivakumar announced on Monday.

     

  • constructionweekonline.in-Record warehousing & logistics investments in 2024 powered by quick commerce surge

    According to Vestian’s latest report, the warehousing & logistics (W&L) sector received investments worth USD 1.96 Bn, accounting for 29% of the total institutional investment garnered in the real estate sector in 2024. Investment inflows surged to 203% year-on-year, driven by the growing demand for warehouses amid the rapid expansion of the quick commerce sector.

     

  • thecore.in-Small Developers Face The Heat Amid India’s Luxury Real Estate Boom

    On an early March morning, Jamshed Ahmed, a builder and co-owner of Gurgaon-based J3 Design Expansion, gears up to visit his latest project. The housing development project in Gurugram has 10 flats valued at around Rs 1 crore each, but Ahmed, who has been in the construction and real estate industry since 2010, is worried about selling them.

     

  • The Economic Times-NRI investors fuel growth in India’s luxury real estate market, driving record sales

    India's luxury real estate market is witnessing rapid growth, driven by strong demand from high-net-worth individuals (HNWIs), non-resident Indian (NRI) investors, and domestic buyers looking to invest in premium properties.

     

    According to a report by GRI Club, an international real estate company, the sector is outperforming expectations and is set to record its third consecutive year of unprecedented sales.

     

  • The Economic Times-Housing Price Index in NCR rises 17 points in Dec on high demand: Housing.com-ISB report

    Housing Price Index (HPI) in Delhi-NCR increased 17 points in December last year compared to September on high demand, according to Housing.com and ISB report. The Housing Price Index (HPI), a joint initiative by online real estate advisory platform Housing.com and the Indian School of Business (ISB), tracks changes in the selling prices of new residential properties over time.