More HNIs are Looking to Buy Luxury Property in 2022
The frequent restrictions imposed by state governments to curb the spread of Covid-19 infections is likely to push up the demand for luxury properties, both in metros and at holiday destinations, according to property developers and brokerage firms. Home buyers are now increasingly looking for secure gated communities, open spaces, greens, vehicle-free podiums and play […]
2022 may be the Year of Booming Real Estate Markets
Which is the place you’ve spent most of your time during the COVID-19 lockdowns? You are correct if the first thought that comes to your mind is — your home. In the last two years, our lives have been more homebound than taking the usual daily commutes to the office. This period gave people enough […]
Farmhouses see Jump in Demand after New CLU Policy
The Haryana government has devised a new policy for change of land use (CLU) in the state’s agriculture zones to prevent uncontrolled farmhouse construction and encourage eco-friendly housing units. A major real estate firm, Raheja Developers, has applied for the CLU to construct Haryana’s first CLU approved farmhouse. With the announcement of the new policy, […]
Real Estate Sector Expects Tax Relief, Industry Status from Union Budget 2022
The Union Budget 2022 must focus on strengthening the investment climate and streamlining taxation in the real estate sector, according to developers. The developers are expecting tax relief and industry status for the sector. “Real-estate buyers are looking forward to an increase in the tax rebates. The demand towards investments in real-estate from these young […]
Realty Developers Expecting 30% Rise in Real Estate Prices This Year: Survey
A significant percentage of real estate developers expect property prices to rise of up to 30 per cent this year due to sharp increase in rates of building materials, according to a survey conducted by realtors body CREDAI. The Confederation of Real Estate Developers Associations of India (CREDAI) conducted the ‘Real Estate Developers Sentiment Survey 2022’ during December 30 to […]
Elan Group Acquires 40-Acre Land in Gurgaon from Indiabulls for Rs 580 crore
Gurgaon based Elan Group has acquired 40-acre land from Indiabulls real estate for Rs 580 crore in Sector 106, Dwarka Expressway Gurgaon, in one of the biggest land deal of the country in recent times. According to the regulatory filing by Indiabulls, company has divested 100% stake in its subsidiaries – Airmid Developers Limited, Mariana […]
Positive Sentiment Score in Real Estate Hit Record High in Dec qtr: Report
The sentiment index score for India’s real estate sector remained positive and touched an all-time high during October-December quarter, while stakeholders showed “prudent optimism” in their outlook for the next six months amid rising cases of coronavirus, according to a survey report. As per the Knight Frank-FICCI-NAREDCO Real Estate Sentiment Index report, the ‘Current Sentiment […]
Golf Course Extension Road and Gurugram Sectors Around it are Seeing Traction
Close to several MNCs, IT Parks, the international airport and the National Capital, there is demand for Gurugram properties despite problems like traffic snarls and flooding of roads during the monsoon. Of late, Golf Course Extension Road in Gurugram and some adjoining sectors are witnessing traction from homebuyers and investors. The demand is not limited […]
Sohna Elevated road to Fully Open to Commuters by March End, says NHAI
The 21km-long Sohna elevated road, under construction for nearly four years now, would be fully opened to commuters by March-end this year, according to the National Highways Authority of India (NHAI). The 12km-long stretch between Badshapur and Sohna, package 2 of the project, is almost ready and will be thrown open this month. However, package […]
Budget 2022: Govt should make Deep Policy Reforms to Accelerate Growth in Realty Demand
Real estate is one of the key pillars of Indian economy contributing around 8% to 9% to the overall GDP. Almost two years after the outbreak of COVID-19, the sector is coming to terms with the way the pandemic has rewritten every expectation of how people live, work, and interact. Consumer mindsets have undergone a […]