India continues to face significant infrastructure development challenges despite extensive government efforts, according to the 2024-25 Economic Survey presented to Parliament on Friday. The survey highlights that while the union government’s capital expenditure on major infrastructure sectors has grown at a trend rate of 38.8% from FY20 to FY24, private sector participation remains limited in core sectors.
The Yamuna Expressway Industrial Development Authority (Yeida) on Thursday said it has approved the layout plan for the proposed Film City in Sector 21, thereby issuing permission to filmmaker Boney Kapoor-led Bayview Bhutani Film City Private Limited to proceed with its construction on the ground.
Bayview Bhutani submitted the layout plan on December 24, 2024, for the requisite approval because without it, work cannot start at the site.
‘Buying a house will never go out of fashion; it will always be there,’ said Vikas Oberoi, Chairman and Managing Director of Oberoi Realty, while highlighting the enduring appeal of housing demand in the real estate market during the company's investors' call held recently.
The Maharashtra Housing and Area Development Authority (MHADA) will build around one lakh new house over the next two years to meet the demand for affordable housing in the state's key markets, deputy chief minister Eknath Shinde has said.
Shinde also said the state's housing policy, which has been in the works for several years, would be introduced "soon". He was speaking to the media late on January 29 after the conclusion of the MHADA's Pune board lottery.
Goa has long been a coveted destination for homebuyers, attracting those looking for second homes, vacation retreats, and luxury investments. While opulent villas priced above Rs 5 crore continue to dominate premium locations like Assagao, Anjuna, and Morjim, the state’s real estate market is evolving to accommodate a wider range of buyers.
Delhi-based couple Jyoti and Rishi Arora recently chose to invest in commercial property, attracted by higher rental yields and the prospects of capital appreciation. They selected a 250-square-foot office space priced at Rs 80 lakh. “After extensive research, we selected a project in Sector 140, Noida, developed by a reputable builder,” says Jyoti. The presence of major IT companies in the area has strengthened their confidence in this investment.
Advantages of commercial real estate
In a relief for owners of industrial, commercial, and residential plots who have defaulted on instalments or failed to complete construction on land allotted by Punjab’s Housing Department, the government has drawn up an amnesty scheme. The initiative aims to assist defaulters while also boosting state revenue.
The scheme, set to be tabled in the upcoming Cabinet meeting, will be rolled out after approval. It will apply to plot owners across all urban estates in Punjab.
Nearly 62 percent of wealthy Indians, including HNIs (high net-worth individuals) and UHNIs, are interested in investing in luxury real estate in the next 12-24 months despite a substantial rise in luxury property prices in the last two years and subdued economic growth.
The real estate sector has been advocating "industry" status for the past two Budget sessions and is making it a priority once again this year, noted Grant Thornton Bharat's Union Budget 2025 expectations survey. As India prepares for the session, the survey highlights key reforms that could drive investment, spur innovation, and enhance economic growth.
Average property values in India’s National Capital Region (NCR) showed a whopping 49% appreciation in the past one year as demand for luxury homes continued to sustain. This comes amid an escalation in the cost of building materials and labour, according to a new report by PropTiger.com.
