Avg price of new launch projects in top 10 cities surges by 88%
A recent report by the real estate data analytics firm PropEquity said the average price of new launch projects in India’s top 10 cities have surged 88 per cent in the past five years.
A recent report by the real estate data analytics firm PropEquity said the average price of new launch projects in India’s top 10 cities have surged 88 per cent in the past five years.
Top eight listed real estate developers in India have reduced their net debt by over 54 per cent in the first quarter of current fiscal (FY25) from the previous peak in FY19.
The Indian real estate industry is witnessing a boom in terms of value and volume with a well-established value chain of developers in residential and commercial real estate, contractors, consultants such as architects and engineers, investors and so on.
Driven by strong end-user demand and healthy affordability, the residential sales in the top seven cities are expected to witness double-digit growth in FY2025 and the outlook on the residential real estate sector is stable, a report showed on Wednesday
The Indian realty sector has largely given a thumbs up to the Union Budget 2024-2025 presented in the Parliament on Tuesday by Finance Minister Nirmala Sitharaman
In the April-June period (Q2), the number of land deals closed, was 25 for over 325 acres, according to latest Anarock data.
Textiles and apparel major Raymond Ltd announced on Thursday that its board has approved the demerger of its real estate business, Raymond Realty Ltd.
The nine major cities include Mumbai, Delhi NCR, Bengaluru, Chennai, Hyderabad, Kolkata, Pune, Navi Mumbai and Thane, the report highlighted.
It said that compared to inflation rates of 6.7 per cent in 2022-23 and 5.4 per cent in 2023-24, real estate prices have increased at a compound annual growth rate (CAGR) of 13 per cent.
A recent report has highlighted that the optimism in the real estate industry stakeholders in India touched a decadal high in the first quarter of 2024.
