Key Points
New Delhi: Real estate developers are avoiding festive offers this season due to the rapid oversubscription and quick sales of projects, unlike in the past when home purchases included various incentives like TVs, AC units, cars, and even foreign trips, said top real estate executives...
In the past 18 months, the majority of unsold inventory has been sold, resulting in increased demand for newly launched projects," said Manoj Gaur, chairman of CREDAI National and CMD of Gaurs Group...
According to industry reports, residential sales in India are projected to achieve a record high in 2023, as developers anticipate selling more than 500,000 housing units by the year's end...
Developers are receiving 4,000 checks for 800 flats, indicating that demand is surpassing supply," said Harsh V Bansal, convenor of the CII Delhi sub-committee on real estate...
The encouraging aspect is that reputable developers are introducing projects that appeal to both homebuyers and investors," explained Vishal Raheja, MD at InvestoXpert.com, a real estate brokerage firm...
You might be interested in
Year Ender 2023: Housing sales likely to touch 2.6 lakh units by end of 2023
21, Dec, 23Delhi NCR and Mumbai recorded maximum sales in the first nine months of 2023 in the over ₹1.5 crore housing segment; 3 lakh units expected to be sold in 2024
Housing sales breach 1 lakh mark in Q1 2023 amid high-end homes demand boost
27, Mar, 23The two leading western markets -- MMR and Pune -- accounted for over 48% of the total sales in the top 7 cities, with Pune witnessing an over 42% yearly jump.
These are the best selling SUVs in March 2023
12, Apr, 23With a total of 62,517 units sold, the Brezza outperformed its competitors and maintained its position as the top-selling SUV in the market. The Hyundai Creta came in second with sales of 42,081 units. The strong sales of these SUVs indicate the continued popularity of this vehicle segment in India.
Property values in top cities see highest appreciation in a decade
11, Dec, 23Strong demand has driven up residential prices in major housing markets, with Hyderabad and Bengaluru seeing the highest annual appreciation for two-bedroom homes, at 15% and 13.5%, respectively, while Mumbai saw a 10.3% increase. Delhi NCR saw an average 12% rise in property values, followed by Pune at 11%, according to a report by NoBroker, India's first proptech unicorn.
Outlook 2024: Defying challenges, Indian real estate scales new heights; steam remains
26, Dec, 23New Delhi [India], December 26 (ANI): The Indian real estate sector continued to scale new highs in 2023, defying the tightened monetary policy stance of the Reserve Bank of India (RBI), and also at a time when its counterpart in neighbouring China is in crisis. In the initial Covid years – 2020 and 2021– the […]
Hyderabad emerges among top three markets for luxury homes: Report
08, Nov, 23Luxury home sales in India's top seven cities, priced over Rs 4 crore, saw a 97% increase from January to September 2023. Hyderabad ranked among the t
India’s EV sales cross milestone
10, Apr, 23India Business News: The biggest slice of the EV pie at 62% was two-wheelers with the industry selling 726,976 high-speed e-two wheelers.
WeWork's troubles darken outlook for embattled office market
03, Nov, 23The troubles faced by co-working titan WeWork (WE.N) are darkening the outlook for the world's largest business hubs, where rising office vacancies are already heaping pressure on investors set to refinance big-ticket mortgages next year.
Budget 2024-25: Three key expectations for the real estate sector
09, Jan, 24Industry experts believe that to boost the real estate industry, the government should consider giving it industry status, and provide single window clearance, tax breaks, and GST rationalization in the budget
Real estate demand strong despite rising interest rates, REA India CEO says
11, Oct, 23Demand in India's rate-sensitive real estate sector is robust as pent-up demand after the pandemic and rising consumer confidence have helped home buyers shrug off concerns of rising interest rates, the head of India's largest property technology company said on Wednesday.