The majority of this capital was directed toward Bengaluru, Mumbai, Pune, and Delhi-NCR, underlining the continued momentum and demand in key Tier/cities.
Since the operationalisation of the Real Estate Regulatory Authority (RERA) in 2017, 1.19 lakh projects, comprising 97.14 lakh units, have been registered with top 10 State RERAs between 2017-2024, said a report by NSE-listed data analytics firm PropEquity.
In a significant milestone for the real estate sector in Bengal, Sree Balaji has unveiled its latest venture, Bon Bungalow Dooars, a luxurious project that promises to redefine the concept of vacation homes in the pristine landscapes of the Himalayan foothills.
PropEquity, a real estate data analytic firm, data shows that housing sales in Delhi-NCR are likely to rise to 12,915 units during the October-December period of this calendar year from 10,354 units in the year-ago period.
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.
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.
the past five years, the foreign investors have infused USD 4 billion annually in the Indian Real Estate business, a recent report by property consulting firm Colliers said.
