Know this week’s top stories in just a minute. Watch latest news video from PropertyPistol.com. … Read more
Breaking Records: India’s Key Infrastructure Sectors Soar by 8% in July!
According to official data released by the Commerce and Industry Ministry on August 31, 2023, India’s eight key infrastructure sectors grew by 8% in July 2023, compared to 4.8% in the same month last year. This is a positive sign for the Indian economy, which is still recovering from the COVID-19 pandemic.… Read more
According to a Survey, Real Estate is Still the Top Investment Asset Type in India
The demand for pre-move-in homes is way higher than the supply of new ones. That’s according to the latest survey from housing.com and Naredco. It looks at consumer sentiment from January to June 2023 and found that 48% of people prefer real estate investment over other options like stocks, fixed deposits, or gold. Even though income projections are lower, real estate is still the top choice for 48% of people. The G20 summit is expected to have a positive effect on the economy and could shape India’s real estate market through policies, investments, and sustainability.… Read more
The Real Estate Market in India Attracts More Attention from Global Investors!
Despite the global recession, India’s real estate sector has remained resilient. Q-o-q demand growth across asset classes has continued to outpace the rest of the market, making the real estate sector the most sought-after instrument by global investors. As a result, several global sovereign wealth funds accelerated their investments in India, driving the sector’s upward growth trajectory. The Indian real estate sector attracted 43% of global institutional investment in the first six months of 2023, led by the office segment. Despite a difficult global economic environment, these investments account for 75% of total inflows in 2023, showing the resilience of the real estate sector and its attractiveness to institutional investors.… Read more
Infrastructure Project Woes: India’s Rs 4.65 Lakh Crore Setback Due to Massive Cost Overruns in July!
India’s ambitious infrastructure development plans have hit a roadblock as a staggering Rs 4.65 lakh crore setback looms large due to massive cost overruns in 388 key projects. The country’s efforts to modernize and expand its infrastructure are encountering financial challenges that demand a closer look at project management, financial oversight, and sustainable development.… Read more
Hyderabad’s Rental Market is Booming, with Average Costs Rising by 25–45%!
In recent times, Hyderabad has emerged as one of India’s fastest-growing cities, witnessing a surge in economic and technological development. As businesses flock to this thriving metropolis, there has been a remarkable impact on the city’s rental market. With a growing number of professionals seeking housing options, rental prices have skyrocketed, leading to an average increase in spending ranging from 25% to 45%. In this article, we delve into the factors contributing to the rental market surge in Hyderabad and its implications on residents and businesses alike.… Read more
Is Dharavi Poised to Replicate Bandra Kurla Complex? Why it Benefits Gautam Adani?
Dharavi, one of Asia’s largest slums, has been the subject of much attention and speculation in recent times. Located in the heart of Mumbai, this densely populated area has been a focus of redevelopment plans for years. The latest development is the involvement of the Adani Group, headed by Gautam Adani, in the Dharavi redevelopment project. This has led to discussions and debates about the potential transformation of Dharavi into another Bandra Kurla Complex (BKC), a prominent commercial and financial hub in Mumbai. In this article, we explore the possibilities and implications of Dharavi’s redevelopment under the Adani Group’s stewardship.… Read more
Homeownership Made Possible: Mhada Lottery 2023 Offers 4,016 Units in Konkan Mandal!
The Mhada Konkan Mandal will be offering 4,016 housing units as part of a lottery during Ganeshotsav this year. The units will be located in Virar-Bolij, Dombivli, Balkoom, Khoni, Shirdhon, and Gotheghar in the Konkan circle.… Read more
Mhada and Chadha Developers to Sell 1,000 Homes to EWS Applicants!
The Maharashtra Housing and Area Development Authority (Mhada) and Chadha Developers have announced a joint venture to sell 1,000 homes to economically weaker section (EWS) applicants. The project is located in Vangani, near Badlapur, and is part of the Pradhan Mantri Awas Yojana (PMAY).… Read more
Delhi’s Housing Market Shift: Analyzing the Impact of Transfer Duty Increase!
Buying a home in Delhi has become costlier after the Delhi government hiked the transfer duty on residential properties. The hike was announced in the Delhi Budget 2023-24, and it came into effect from April 1, 2023.… Read more