Authorities expect the Global City project to begin building in August 2023 or September 2023, when the monsoon season has passed. It will be finished within 36 months of construction beginning.… Read more
Rose Valley: The Enforcement Directorate seizes assets worth Rs 159 crore in a money laundering investigation!
Tags: Realty News
The Enforcement Directorate (ED) has attached assets worth Rs 159 crore in the Rose Valley money laundering case. The attached assets include land, buildings, and other immovable properties in West Bengal, Odisha, and Delhi. The ED initiated the investigation into the Rose Valley case in 2013 and has been pursuing it since then. Rose Valley was a chit fund company that operated in West Bengal, Odisha, and other parts of the country. The company collected money from people promising high returns on their investments. However, the company failed to deliver on its promises, and the investors lost their money. The company’s founder, Gautam Kundu, was arrested in 2015, and the ED filed a charge sheet against him and other accused … Read more
India Developer Sells $1 Billion of Luxury Homes in Three Days!
Indian real estate developer, Macrotech Developers, recently sold $1 billion worth of luxury homes in just three days, in what is being touted as a record-breaking sale. The Mumbai-based developer, also known as Lodha Group, sold over 500 units in its latest luxury residential project, the World Towers, located in the upmarket Worli area of Mumbai. Here are some key factors behind the success of this sale.… Read more
Will India’s real estate market be hurt by high housing prices and rising interest rates in 2023–24?
Tags: Realty News
The real estate sector in India has been one of the primary drivers of economic growth over the past few years. However, the sector is facing several challenges in the wake of the COVID-19 pandemic. One of the significant concerns is whether high home prices and rising interest rates will dent India’s real estate sector in 2023-24.… Read more
Property charges are increased by the Yamuna Expressway Authority!
Recent property rate increases proposed by the Yamuna Expressway Authority (YEA) have alarmed both investors and locals. The decision to raise rates has been justified by several elements, including inflation, the growing cost of building, and the requirement for more money to support new infrastructure projects.… Read more
Gulam Zia of Knight Frank India Discusses Mumbai’s Real Estate Shift towards Renting!
Tags: Realty News
Throughout the past several years, there has been a change in tendencies in Mumbai’s real estate market. While demand for rental houses has surged, demand for home purchases has fallen. Experts like Gulam Zia of Knight Frank India have commented on the causes of this tendency, which is becoming more and more obvious.… Read more
Real estate developers predict that property prices in Chennai would rise by 10-20%.
Tags: ChennaiRealty News
“Property prices are growing as building materials and labour costs rise. Stock prices in the city have risen by 100-200 percent. Steel, cement, copper wiring, and switches have all grown in price, and developers will ultimately have to pass this on to clients,” stated P. Kruthivas, Convener of FAIRPRO 2023.… Read more
Maintenance against property in the gift deed: Supreme Court
Tags: Realty GuideRealty News
Recently, the Supreme Court of India issued an important decision that might have profound effects on the nation’s property laws. The court has determined that a gift deed’s provision for property upkeep may be enforceable against the beneficiary. This implies that if a gift deed specifies that the receiver is responsible for property maintenance, they can be held liable for doing so.… Read more
Report: Real estate investment increased by 32% in India
Real estate investment in India climbed 32% year over year to a record $7.8 billion, according to consultancy company CBRE South Asia Pvt Ltd. According to CBRE’s research, India Market Monitor 2022, quarterly investment in Indian real estate increased by 64% from quarter to quarter and by 115% from year to year, totaling $2.3 billion during the October-December quarter.… Read more
Despite the global downturn, the Indian real estate sector is thriving, according to experts.
Tags: Realty GuideRealty News
Despite the fact that global housing industry is in a recession, real estate consultants predict that 2023 will be a year of expansion and progress for the Indian market, thanks largely to the economy’s resilience and significant end-user residential demand.… Read more
