The report you are referring to, “Unlocking Opportunities with Infrastructure Development” by JLL-NAREDCO, predicts that housing sales in Mumbai are likely to cross Rs 1 lakh crore in 2023 and surpass Rs 2 lakh crore in 2030. This is a significant increase from the Rs 90,552 crore in sales recorded in 2022.… Read more

After a lull due to the pandemic, the real estate industry in Pune has seen a steady increase in luxury and premium home launches over the past two years. Developers have attributed this to people having more money to spend and feeling good about the real estate market. ANAROCK, a property consultancy, has found that 22% of all the 39,870 new tenements that will be launched in Pune this year will be luxury and premium houses. This series will make up 29% of all the 64,350 new launches in 2022. This year, 39% of the total 40,770 releases will be premium and luxury.… Read more

Living in a Tier II city is more than just fancy homes – it’s a lifestyle change that appeals to today’s discerning homebuyers. This shift in buying habits is changing the real estate landscape in these cities. Luxury independent floors are becoming more popular due to their affordability, the need for more space and privacy, better infrastructure, and a better quality of life. This trend has been especially noticeable in the Tri-City region of Panchkula, Chandigarh, and Mohali, and DLF Ltd. is excited to offer our next product, set in the beautiful Tri-city town, to meet this growing demand. We think this trend will only grow in the future as more homeowners look for big, exclusive, and high-end housing options … Read more

At a time when the world is struggling with climate change and the environment, the real estate industry is playing a big role in the global effort to promote sustainability. Developers are taking responsibility for their projects by including energy efficiency, energy conservation, green materials, smart cities, and social considerations. One of the biggest examples of this is the Palava Township project, which was built by the well-known Lodha Group. … Read more

The largest housing project in India for economically disadvantaged groups will be officially opened by Prime Minister Narendra Modi in Solapur, Maharashtra, next month. This large-scale 100-acre project in Raynagar has a lofty goal of building 30,000 houses in total, with a staggering 15,000 units already constructed.… Read more

India’s residential real estate market saw a strong rebound in the third quarter of 2023, with sales of 82,612 units, up 12% from the same period last year, according to a report by Knight Frank India. This is the highest quarterly sales volume in six years.… Read more

The Uttar Pradesh government has announced a new plot scheme to develop Greater Noida as an education hub. The Yamuna Expressway Industrial Development Authority (YEIDA) has invited applications for the sale of vacant plots in Sectors 17A and 22E across five categories. Applications are open till October 27, 2023.… Read more

Prestige Group is giving the South of Bengaluru a major retail makeover as they bring their biggest and newest project from the Forum portfolio to life with the opening of the Forum at Prestige Falcon in the area.… Read more

Real estate developers in Maharashtra have been hit with a major clampdown by the state’s real estate regulator, which has suspended their registration process and shut down bank accounts connected to 388 projects that didn’t submit the necessary quarterly progress reports. These projects had been registered in January this year and had to provide the reports by April 20th. … Read more