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
Although Evergrande’s debt is large at RMB2 trillion (US$300 billion), its financial debts account for around a third of its total liabilities with a diversified creditor structure. The larger amount owed outside the banking sector is due to the peculiar funding structure of the Chinese real estate model.
According to the Central Board of Direct Taxes (CBDT), a large number of incriminating evidence in the form of documents, diary notings and digital data showing earning of huge unaccounted income by the group and its investment in assets have been found and seized.
The conflict between builders and home buyers in Greater Noida has been a pressing issue for the last few years amid delays in the delivery of several housing projects which has affected thousands of investors.
Homebuyers are also looking to upgrade to bigger spaces for reasons of safety and this is fueling demand in the real estate sector making it the best time to buy property.
Repurposing existing buildings is also a sustainable and cost-effective alternative to building anew -- adaptive reuse and conservation projects allow us to convert uninhabitable spaces into habitable ones and preserve built heritage.
