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.
"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.
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.
