Residential Sales in January-March Attains 4-Year High Across Top 8 Cities: Report
The residential property markets across the country’s top 8 cities have seen sales in January-March attain a 4-year high despite the disruption created by the third wave of the Covid19 pandemic. The first quarter of the new year has seen quarterly sales touch a high of 78,627 residential units, up 9% from a year ago, […]
Buying a Home has Already Become Costlier; Expect Another 9-15% Hike in Realty Prices this Year
A combination of demand revival and rising construction costs have resulted in real estate prices inching up as developers look to protect their margins. India’s top eight real estate markets have all witnessed a rise in the average capital values of residential properties, shows data from Knight Frank India. All cities posted up to 7% […]
Housing Sales in Q1 at an All-time High Since 2015
Home sales in India surged to their highest in seven years in the first quarter of 2022, underscoring the role record low interest rates have played in fueling ownership demand in a country where real estate continues to be the biggest asset class for the average saver. In the top seven cities, 99,550 units were […]
Brookfield to Buy 51 Per cent Stake in Bharti Enterprises’ 4 Commercial Properties
Canada-based alternative asset management firm Brookfield will buy 51 per cent stake in Bharti Enterprises’ four commercial properties in India for Rs 5,000 crore, according to a joint statement released by the two firms on Friday. The properties include Worldmark Aerocity (Delhi), Worldmark 65 and Airtel Center (Gurgaon) and Pavillion Mall (Ludhiana). The two firms […]
Khattar Launches Huda City Centre Flyover, Underpass
Inaugurating the underpass and flyover at the Huda City Centre junction on Friday, Haryana Chief Minister Manohar Lal Khattar said that three road projects in Gurgaon are likely to be completed and ready for commuters by July this year. These include the Atul Kataria Chowk, Mahavir Chowk and Umang Bhardwaj Chowk projects. “Three major projects […]
Real Estate Sector Witnesses Stupendous Growth in Post-Pandemic Era
The real estate sector has witnessed a massive growth in FY 2021-22, with a significant increase in residential and commercial real estate investments. A report released by Indian Real Estate Industry suggests the real estate sector will contribute a significant 13 per cent to India’s GDP by 2025. The market size is expected to grow […]
Smartworld Developers Pvt. Ltd. is Nnow a Great Place to Work-Certified
Smartworld Developers have recently been Great Place to Work-Certified in India from March 2022 to March 2023. The Great Place to Work certification has been granted based on the company’s favorable workplace policies and practices, which underscores Smartworld Developers’ commitment to fostering a positive work environment conducive to employee satisfaction and happiness. Headquartered in Gurgaon, […]
Housing Sales witness 7% Increase in First Quarter of 2022: Report
Builders in India are sitting on an unsold stock consisting of 7,35,852 units as on March 31, 2022; Delhi NCR has the highest inventory overhang while Bengaluru and Kolkata have the lowest. There has been a seven percent increase in the number of units sold in the first quarter of 2022 compared to the first […]
Real Estate Prices Set To Rise As Construction Cost Jumps, Says Colliers
A surge in construction costs is likely to push up real estate prices at a time the sector is recovering from a prolonged slowdown, according to Colliers. Over the last year, developers’ average cost of construction has risen 10-12%, owing to higher input costs due to supply-side constraints, according to the property consultancy firm’s report. […]
Pardos Logistics Acquires 41-Acre Land near Gurgaon to Develop Warehousing Facility
Pardos Logistics has acquired 41-acre land parcel for around Rs 50 crore on the Ballabhgarh-Sohna Highway and will develop one million sq ft of prime warehousing space with an investment of Rs 200 crore, two persons aware of the deal said. “The land, which was acquired from a group of Delhi-based investors, will be developed […]