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.
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.
Cities, including Mumbai metropolitan region (MMR), NCR, Bengaluru, Chennai, Hyderabad, Kolkata, and Pune saw homes worth Rs 1,55,833 crore sold in the first half of FY23, rising yearly by 119 per cent. The overall value of units sold in the corresponding period of FY22 was nearly Rs 71,295 crore, said a research by real estate consultancy firm Anarock.
Festivals are around the corner and finally, after a hiatus of two years, the market is returning to its normality, including the real-estate. From buyers to sellers all are ready to revive the fortune.
“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,"
