December 2024

The weighted price of new launch projects in top 30 tier II cities saw an increase of up to 65% between 2023 and October 2024. While 26 cities saw a rise in prices, four cities witnessed a decline, according to a report by NSE-listed data analytics firm PropEquity. Jaipur saw the highest rise in weighted average price of new launch projects at 65% from ₹4240 per sq. ft. to ₹6979 per sq. ft....

Housing sales across the top seven cities- Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad - are expected to touch 3.05 lakh on the back of increase in demand. The estimated value of these homes is worth ₹5.10 lakh crore and are spread across an area of 485 million sq. ft, an analysis by JLL has shown. Year-ender 2024: Housing sales across the top seven cities- Delhi-NCR,...

Pursuant to discussions held with agitating farmers on Monday after their protest march to Delhi was blocked at the border by Delhi Police, the Uttar Pradesh government late Tuesday night formed a committee, headed by principal secretary (industries and infrastructure department) Anil Sagar, to look into the protesters’ demands related to land compensation and rehabilitation facilities....

Affordable housing in India is expected to touch 312 lakh units by 2030 with a potential market size of ₹67 trillion, a report by Confederation of Indian Industry (CII) and Knight Frank has said, adding the segment could also provide several opportunities for financial institutions.The report titled Affordable Housing in India: Demand-Supply Assessment and Financing Opportunity launched during the...

As people, particularly the youth, become mobile to avail economic opportunities, the need of the hour is to move away from housing to habitation as well as from owned assets to sharing and rentals to cater to their real-time needs, Srinivas Katikithala, secretary, Ministry of Housing and Urban Affairs, said on December 4. Srinivas Katikithala, secretary, Ministry of Housing and Urban Affairs,...

Microsoft Corporation (India) Private Limited has purchased 25 acres of land for ₹181.25 crore in Mekaguda near Hyderabad, according to property registration documents accessed by Propstack. Microsoft India buys 25-acre land near Hyderabad for more than ₹181 crore. (Picture for representational purposes only)(Reuters) The land parcel was purchased from Natco Pharma Limited and Time Cap...

Tarun Makhija (name changed) has for long aspired to buy a sea-facing luxury condo in Mumbai but did not have enough money to buy one. Recently, a real estate developer offered him a deal for a sea-view flat that suited his budget. While this seems to be a great opportunity to buy a house of his dreams, he’s not sure if it’s actually a good deal because he’s confused between a sea-facing and a...

The year 2024 was marked by luxury living. The launches of housing projects worth ₹10 crore to almost ₹80 crore made one thing clear - that demand was skewed towards luxury and ultra-luxury homes and that real estate developers left no stone unturned to launch projects that catered to buyers looking for spacious properties that could accommodate their lifestyle and long-term investment goals....

The Enforcement Directorate (ED) seized several documents from the office premises of Orris Infrastructure Pvt Ltd, along with luxury cars, various Fixed Deposits (FDs) and Bank Guarantees (BGs) worth ₹31.22 crore, in connection with an alleged real state fraud of over ₹500 crore, PTI reported. ED conducted these raids on November 25 at 14 locations across Delhi-NCR. The FDs and BGs,...

Amazon Data Services Pvt Ltd has bought a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers, also known as Lodha Group, for ₹450 crore, according to the property registration documents accessed by Proptstack Amazon Data Services Pvt Ltd has bought a 38-acre land parcel in Ambernath near Mumbai from Macrotech Developers. (Picture for representational purposes)(Pexels)...