No Final Decision on Delhi Master Plan 2041 Yet
The Delhi Master Plan 2041, a comprehensive blueprint outlining the capital’s developmental trajectory until 2041, is still awaiting final approval from the Union Ministry of Housing and Urban Affairs. While the Delhi Development Authority (DDA) granted its approval to the draft plan in February 2023, the ultimate decision-making authority rests
Chintels Paradiso Nightmare Deepens: Another Tower Evacuated
The crisis at Gurugram’s Chintels Paradiso residential complex has escalated once again. Following the tragic collapse of a portion of Tower D in February 2022, which claimed two lives, authorities have ordered the evacuation of Tower J. This decision comes after an IIT-Delhi structural audit deemed the tower unsafe for
Homebuyers Seek Tax Relief: Realtors Lobby for Higher Home Loan Interest Deduction.
In a bid to jumpstart India’s sluggish housing market, the National Real Estate Development Council (NAREDCO) is urging the government to raise the tax exemption limit on home loan interest payments in the upcoming budget. Currently, homeowners can deduct up to Rs 2 lakh annually from their taxable income for
Indian Real Estate Market on a High: Investors Flock In
India’s real estate sector is experiencing a resurgence of investor confidence, driven by a confluence of positive factors. The robust Indian economy, characterized by steady GDP growth, is a major draw for investors seeking stable and lucrative returns. This optimism is further amplified by the rising demand for commercial and
Mumbai’s Residential Property Market: A Tale of Two Trends
Mumbai’s June 2024 property market reflected a mixed performance. Year-on-year registrations grew by 12%, indicating continued growth. However, a 3.6% dip compared to May 2024 suggests a potential slowdown, prompting analysts to monitor market trends closely. Mumbai’s residential property market exhibited a conflicting performance in June 2024. On a year-on-year
Not Mumbai, Delhi, or Bengaluru: These 17 Cities Are India’s Next Big Real Estate Hotspots
As India’s real estate market evolves, attention is shifting from traditional hubs like Mumbai, Delhi, and Bengaluru to emerging cities. Seventeen cities across the country are now poised to become the next big real estate hotspots, driven by economic growth, infrastructure development, and increasing urbanization. In a significant shift
New Home Supply Falls 13% in April-June as Builders Launch Fewer Projects Due to Polls
New home supply in India fell by 13% during the April-June quarter as builders launched fewer projects due to the impact of elections. The slowdown in project launches was observed across major cities, with developers adopting a cautious approach amid political uncertainties. This article examines the decline in new home
Is India’s real estate sector witnessing unprecedented growth among wealthy Indians and NRIs?
India’s real estate sector is indeed experiencing notable growth, particularly among wealthy Indians and Non-Resident Indians (NRIs), driven by several factors. Firstly, there has been a resurgence in demand for high-end residential properties, especially in metropolitan cities like Mumbai, Delhi, Bangalore, and Hyderabad. Wealthy individuals, including business leaders and professionals,
Property Registrations in Maharashtra Rise Amid Unchanged RR Rates
Property registrations in Maharashtra have seen a significant increase, driven by unchanged Ready Reckoner (RR) rates. The steady RR rates have provided stability and predictability, encouraging more transactions in the real estate market. This article examines the factors behind the rise in property registrations and the implications for the state’s
Holiday Home Demand Dips as Rentals Decline
The demand for holiday homes has significantly tapered off as rental prices continue to fall. This trend is observed in popular vacation destinations where the market is experiencing an oversupply of rental properties, leading to decreased profitability for property owners. The article examines the factors contributing to this decline and
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