Prime Minister Narendra Modi has recently inaugurated India’s biggest convention center, “Jasabhoomi” at Dwarka in Delhi. This ambitious project is expected to transform India’s position in the international conference tourism sector, which is estimated to be worth Rs 25 lakh crore. As a real estate specialist, I will discuss the intricacies of JASBHOMBIA’s effect on Dwarka expressway property. The inauguration of JASBhoomi is in line with Prime Minister Narendra Modi’s vision to increase India’s share of global conference tourism, which is currently at a paltry 1 percent. Jasbhoomi, along with Bharat mandapam, symbolizes India’s determination to host international conferences, meetings, and exhibitions, demonstrating a bold move towards global prominence.… Read more

Asia-Pacific commercial real estate hit a three-year low in third-quarter 2023, with deal volumes falling 37 percent year-on-year to $25,7 billion, according to a report from MSCI, the region’s largest commercial real estate market, and the lowest level since 2010. The report says the previous quarter was promising, but the story of a “higher for longer” interest rate environment put a damper on optimism for an early rebound. Most of the region’s countries saw a decline in deal volume. India accounted for 44 percent of the increase at $1,5 billion, led by Brookfield’s $683 million sale of 50 percent of its Mumbai office portfolio to Singapore’s GIC. … Read more

In the midst of a dynamic transformation within the Indian real estate sector, a notable trend has surfaced, marking the substantial rise of senior living projects across the country. This burgeoning phenomenon is a result of a confluence of factors that are reshaping the societal landscape of India.… Read more

Introduction:

In the ever-evolving landscape of real estate, sustainability has emerged as a pivotal factor influencing investment decisions. The discerning home and office seekers of today prioritize net-zero carbon measures, health and well-being, and socio-environmental consciousness when choosing their spaces. This shift aligns seamlessly with the global call to address environmental challenges, as highlighted in the “Emissions Gap Report 2022: The Closing Window” by the UNEP, which emphasizes the role of the built environment in greenhouse gas emissions.… Read more

Chennai, the capital of Tamil Nadu, is a bustling metropolis that has witnessed rapid urbanization and economic growth in recent years. This growth has been accompanied by a surge in demand for rental housing, particularly in prime neighborhoods that offer a desirable mix of convenience, amenities, and accessibility.… Read more

Mumbai property registrations witnessed a significant surge of 30% during the recent festive season compared to the corresponding period last year, according to a report by real estate consultancy firm Knight Frank India. This upbeat trend reflects a renewed enthusiasm among homebuyers, driven by a combination of factors such as positive economic sentiment, attractive property prices, and festive fervor.… Read more

The Maharashtra Real Estate Regulatory Authority (MahaRera) has approved the registration of 823 new projects during the festive season of October and November. This represents a significant increase from the 769 projects that were approved during the same period last year.… Read more

In the world of real estate, a lien is a legal claim against a property that secures the payment of a debt. This essentially means that the lienholder has the authority to seize and sell the property if the debt is not paid. There are two main types of liens that can have an impact on real estate investment plans:… Read more