Residential Market Poised for Steady Growth, Says ICRA
India’s residential real estate sector is projected to maintain its upward trajectory in FY25, with average sale prices anticipated to increase by 5-6% compared to the previous year. This growth is primarily attributed to a strategic shift by developers towards the luxury housing segment, which has been driving demand and
DDA Begins Handover of Golf View Condos in Dwarka
A new chapter is unfolding for eager homebuyers as the Delhi Development Authority (DDA) commences the distribution of possession letters for its highly anticipated Golf View Condos in Dwarka Sector 19B. Launched earlier this year with much fanfare, the project has generated significant interest among home seekers. Under the watchful
DDA Announces Major Housing Initiatives
The Delhi Development Authority (DDA) has taken significant strides towards addressing the city’s housing challenges. In a high-level meeting chaired by Lieutenant Governor V.K. Saxena, the authority approved several key initiatives. A cornerstone of the DDA’s plans is the introduction of the ‘Sasta Ghar’ housing scheme. This ambitious project is
Bengaluru Remains the Top Choice for Global Capability Centers
Bengaluru has solidified its position as the preferred destination for Global Capability Centers (GCCs) in India, accounting for a commanding 40% share of office space leased between 2022 and the first half of 2024. A recent report underscores the city’s unparalleled appeal to multinational corporations seeking to establish or expand
Sobha Limited Battles Ransomware Attack
Bengaluru-based real estate giant, Sobha Limited, has disclosed a cyberattack that impacted its IT systems on August 4th. While the company assures minimal disruption to its core operations, the incident underscores the escalating threat landscape for businesses. Ransomware attacks, a form of malicious software that encrypts a victim’s data and
Gurugram’s ATS Marigold: A Tale of Delays and Distress
Homebuyers at Gurugram’s ATS Marigold project are facing significant delays in possession and allegations of fund diversion, highlighting the risks inherent in the real estate market. The residents of ATS Marigold, a residential project in Gurugram, find themselves entangled in a complex web of delays and financial uncertainties. Initially promised
Goa CM Rejects Residential Project on Zuari Agro Land, Vows Strict Action
Goa CM rejects residential project on Zuari Agro land, vows investigation, and seeks legal advice to prevent land-use change. Goa Chief Minister Pramod Sawant has categorically ruled out the possibility of converting industrial land owned by Zuari Agro Chemicals Ltd in Sancoale into a residential complex. This decisive stance comes
Prabhas: A Real Estate Mogul in the Making
Prabhas, the renowned actor, has built a substantial real estate portfolio, including properties in Hyderabad, Mumbai, and Italy, showcasing his business acumen beyond the film industry. Beyond his undeniable on-screen charisma, Prabhas has quietly established himself as a shrewd investor in the real estate market. The Baahubali star has meticulously
Omaxe Reels Under SEBI Hammer
Omaxe’s stock price has crashed after SEBI imposed a ban on key officials due to fraudulent activities, sparking a crisis for the real estate company. Shares of Omaxe Limited have taken a severe beating on the stock market following stringent actions imposed by the Securities and Exchange Board of India
Yeida Unveils New Group Housing Scheme
The Yamuna Expressway Industrial Development Authority (YEIDA) has taken a significant step towards bolstering the residential landscape of Greater Noida. The authority has announced a new group housing scheme, offering 19 plots across strategically located sectors 17, 18, and 22D. These plots, varying in size from 2.5 to 12 acres,