November 2024

(Bloomberg) -- China’s multiyear property crisis is set to drag on in 2025 as prices and sales remain weak despite the government’s stimulus push to spur demand, according to Fitch Ratings. China’s property slump may extend into 2025, Fitch Ratings says (Representative photo)(AFP) China’s new home prices will fall by another 5% next year, as measured by China’s official statistics...

Nov 28, 2024 07:55 PM IST The Union Housing and Urban Affairs Ministry has received 28 proposals from 23 states for incubation of new cities New Delhi, Nov 28 (PTI) The Union Housing and Urban Affairs Ministry has received 28 proposals from 23 states for incubation of new cities, which are currently with the competent authority for examination, the Lok Sabha was informed on November 28....

Survey work for 25,000 tenements has been completed and 60,000 dwellings have been numbered since the exercise began in March this year on the Dharavi redevelopment project, according to the statement issued by Dharavi Redevelopment Project Pvt Ltd (DRPPL), a joint venture between the government of Maharashtra and the Adani Group on November 28. Dharavi redevelopment: Survey work for 25,000...

A woman hunting for a house in Bengaluru says she found a lovely apartment but was rejected because of her age. Naina, aged 20, resorted to creating a Power Point presentation of her best qualities – things that would make her a good flatmate – after she was rejected by the people already living in the apartment she liked. A woman is facing lighthearted mockery for her video on flat-hunting...

Pune real estate market reported a 39% year-on-year (YoY) increase in property registrations that stood at 20,894 in October 2024 compared to 24,983 in September 2024. This rise was on account of the festive season beginning with Navratri 2024 on October 3 and culminating in Diwali 2024 on October 31. Pune real estate market reported a 39% year-on-year (YoY) spike in property registrations that...

With Delhi-NCR grappling with worsening pollution levels, Zerodha co-founder Nithin Kamath has proposed that property prices should be linked with air and water quality to help keep the pollution levels down and that a ‘property price discount’ be offered in areas where levels are high. Real estate experts, however, said that property prices in an area are guided by factors such as scarcity of...

MUMBAI: Three generations of the Mishra family have been raised in a room measuring 220 sq ft in a housing colony at Kalachowkie in Parel. When he moved in with his seven-member family in 1991, Radheshyam Mishra was 32 years old. It was a tight squeeze but, in a city whose real estate is among the world’s most expensive, the Mishras were happy to call it home. Mumbai, India - Nov. 24, 2024:...

The Noida authority has initiated the process of purchasing 25 hectares of agricultural land from farmers to develop new industrial and institutional sectors, numbered 161 to 166 along the Noida-Greater Noida Expressway, officials said on Tuesday. This expansion, which aims to attract industries and bolster regional economic growth, is likely to be the last sectoral development project in Noida due to...

New Delhi, Nov 27 (PTI) Godrej Properties on November 27 launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to ₹6,000 crore to fund its growth plan. Godrej Properties on November 27 launched its qualified institutional placement (QIP) to sell equity shares to investors for raising up to ₹6,000 crore to fund its growth plan....

Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back of growing infrastructure, proactive state government policies, and quality office developments that are aligned to meet the needs of global corporates, a report by CBRE has said. Office leasing by Global Capability Centres in Chennai is expected to touch 3.2 mn sq ft by 2025 on the back...