Residential Sales Recover Over 90% to Pre-Covid Levels in Q1 2021: Report
Residential sales in Jan-March 2021 recovered to more than 90% of the volumes witnessed in Q1 2020 across the top seven cities, according to a recent report by JLL. The cities including Chennai, Hyderabad, Kolkata, and Pune surpassed the sales volumes of Q1 2020. Mumbai has consistently been the largest contributor to sales in the […]
CREDAI Announces Free Vaccination Drive for 2.5 Cr Construction Workers Across India
Construction sector is second to agri in terms of number of people employed. Real estate developers are all set to dole out free Covid-19 vaccination for up to 2.5 crore construction site labourers across the country. In terms of number of people employed, the building construction sector is considered the second biggest sector in India, […]
New Gurgaon: An Emerging Residential and Commercial Hotspot in NCR
With the Gurgaon region nearing saturation, the focus is now shifting towards New Gurgaon that has emerged as a vibrant hotspot of residential and commercial activities. Bolstered by strategic location and rapid infrastructural developments, Gurgaon has emerged as a sought-after destination for Fortune 500 multinational companies and IT firms. The region is home to several […]
India Emerges as Global Hotspot for Commercial Real Estate Investment
REIT (Real Estate Investment Trust) investors in the country can look forward to higher yields as foreign investors will now be able to put in their money more easily and also pitch-in with their international expertise in management of such trusts. The government, in the Budget announcements recently, has allowed easier participation by foreign portfolio […]
Commercial Real Estate Picks up Momentum in Top Cities Driven by IT/ITeS Sectors
With rising residential sales, commercial real estate has also started showing sings of revival, which is definitely good news for the realty sector. According to a JLL India report, once the unlocking process was initiated in the third quarter of 2020, both the residential and office markets started showing promising signs of revival. As business […]
Office Markets in Seven Cities have Potential Space of 284 million sq ft: JLL
JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq ft that could be securitised with an estimated value of Rs 2,62,800 crore. “This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. The office […]
Haryana Govt Launches ‘Tatkal’ Deed Appointment Service
The Haryana government has launched ‘tatkal’ appointment for an out of the turn and instant registration of properties in the state. In each tehsil, 10 appointment slots have been reserved for the tatkal service in addition to the 100 normal appointment slots. However, those opting for the tatkal scheme of property registration will have to […]
Real Estate: The Home Rush
The residential housing segment is witnessing a resurgence thanks to the pent-up demand for home ownership among first-time buyers against the backdrop of the Covid pandemic. But will the turnaround transform into a boom? What a coincidence! Seasons come and go but spring this time has a special feel to it. A sense of “bahaar” […]
New Gurgaon to Emerge as NCR’s Most Preferred Realty Destination in 2021
Gurgaon for its futuristic charm and elements of being a global city has always remained a preferred real estate destination in the NCR. The millennial city has attracted business giants, ex-pats, industry leaders and entrepreneurs due to the presence of international business centres, global IT clusters, industrial knots and skyline dotted with premium residential spaces. […]
GMDA Offers 30 Acres in Panchgaon for Shifting Kherki Daula Toll Plaza
The Gurugram Metropolitan Development Authority (GMDA) on Saturday said that land issues at Panchgaon for shifting the Kherki Daula toll plaza were resolved, barring for one non-critical patch, and offered to transfer 30. The Gurugram Metropolitan Development Authority (GMDA) on Saturday said that land issues at Panchgaon for shifting the Kherki Daula toll plaza were […]