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
“RERA has decided to fix this problem and is working on blacklisting such agents who have been charging brokerage arbitrarily,”
"With rising material cost, developers will be compelled to increase prices as construction materials account for about 2/3rd share in the total cost of construction. Developers have already been operating on thin margins over the last few years."
"This Capex heavy Budget with 35.4 per cent additional capital outlay is a futuristic Budget for promoting inclusive development and has been aptly coined as Budget for the Amrit Kaal of India. Though there have been no specific steps like increasing tax exemption limits against home loan principal or interest, this Budget will spur real estate growth in the long term,"
In a statement, Malik said allowing the use of agricultural land for non-agricultural purposes is another nail in the coffin of the “land to the tiller” reforms in J&K.
“This a very positive sentiment and encouraging for the mining sector as it would bring more efficiency and technological advancement in the mining industry,” said a senior officer of the Coal Ministry.
