India Real estate
M3M India acquires 3-acre land in Noida for Rs 250 crore; to invest Rs 350 crore more on development
Wed, Mar 15, 2023
M3M India will develop 9 lakh square feet of saleable area in this project, out of which 5.5 lakh square feet will be retail. Each studio apartment would be of 700-800 square feet. The company will invest Rs 350 crore on construction.
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Registration of properties in Mumbai falls 11% to 9,268 units in February
Tue, Feb 28, 2023
Real estate consultant Knight Frank India said Mumbai city (area under BMC jurisdiction) saw property sales registration of 9,268 units in February 2023. The registration of properties contributed over Rs 1,084 crore to the state revenues.
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Rents on Roll: NCR's Golf Course Extension sees highest growth of 18% since 2019
Mon, Feb 13, 2023
Pune's prominent micro-markets Hinjewadi and Wagholi saw average monthly rentals for a standard 1,000 sq. ft. home go up by 20 per cent and 21 per cent respectively in this period. Bengaluru's Whitefield recorded approximately 18 per cent average rental growth - from Rs 19,000 a month in 2019 to Rs 22,500 in 2022.
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NAREDCO to UP govt: Charge simple interest on total land due
Sat, Jan 21, 2023
Realtors apex body NAREDCO has urged the Uttar Pradesh government to charge simple interest on builders' land dues or adopt Haryana's policy to waive 75 per cent of interest portion on the total outstanding amount.
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Realty sees surge in setting up of investment platforms; partnerships worth USD 4.5 bn announced in 2022: Report
Wed, Jan 11, 2023
Foreign as well as domestic investors tie up with real estate developers to establish an investment platform for the development of different realty projects like warehousing parks, office assets, student housing and data centres among others.
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Why you should invest in real estate: 5 reasons
Wed, Jan 04, 2023
Reasons to invest in Real Estate this year: Investment in realty clearly assures a plausible customer engagement, even more so if one is in ownership of property in popular and well-oiled infrastructurally growing realty corridors.
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BK Modi Group plans to invest USD 1 billion over next 5 years in real estate, wellness sectors in India
Wed, Jan 04, 2023
In an interview with PTI, group founder B K Modi asserted that there is a tremendous scope of bringing new technologies in the real estate sector as well as wellness space.
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Costlier home loans, properties hit home buying affordability marginally in 2022: Report
Thu, Dec 29, 2022
In its annual proprietary study 'the Affordability Index 2022', Knight Frank India pointed out that home buying affordability levels in Indian markets have declined in 2022 compared to 2021, according to a statement.
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Housing sales up 19% in October-December across 8 cities; demand grows 50% in 2022 to 3.09 lakh units
Wed, Dec 28, 2022
Housing sales increased 19 per cent year-on-year to 80,770 units during the October-December period across eight major cities on better demand, according to PropTiger. Sales of residential properties stood at 67,890 units in the corresponding period of the last year.
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Retail industry sees 19% rise in sales during April-November 2022: Report
Fri, Dec 23, 2022
India's retail industry saw a 19 per cent rise in sales over pre-pandemic levels during the April-November 2022 period riding on the back of strong performance of segments such as quick service restaurant and footwear, Retailers Association of India (RAI) said on Friday.
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Piramal Realty to invest Rs 3500 cr in 2 years; aims to deliver 5,000 flats
Thu, Dec 22, 2022
Founded in 2012, Piramal Realty is the real estate arm of the business conglomerate Piramal Group. It is one of the leading developers with 15 million square feet of residential and commercial under development in the Mumbai Metropolitan Region (MMR).
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