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India's real estate sector is undergoing a significant transformation as developers shift their focus from metropolitan hubs to Tier 2 and Tier 3 cities. In 2024, these cities accounted for 44% of the total 3,294 acres of land acquisitions, marking a pivotal moment in the expansion of India's property market. The growing demand for quality housing, coupled with infrastructural advancements, has positioned...

HSBC has recently adjusted its outlook on India's residential real estate sector, signaling a potential peak in the market. This reassessment has led to reduced target prices for prominent developers such as Godrej Properties, Oberoi Realty, Prestige Estates, and Sobha Developers. The NSE Realty Index has experienced a significant decline of 23% year-to-date, markedly underperforming the Nifty 50, which...

Godrej Properties has made a significant move in Kolkata's real estate market with the acquisition of a 53-acre land parcel near Joka, marking its first foray into residential plotted development in Bengal. This strategic purchase, valued at approximately ₹115-120 crore, highlights the company's expansion into one of the city's rapidly developing micro-markets. 1.3 Million Square Feet Development...

The National Real Estate Development Council (NAREDCO) NextGen Conclave 2025, held on February 11 at Mumbai's Jio World Centre, marked a significant milestone in India's real estate sector. This event introduced groundbreaking initiatives aimed at revolutionizing the industry and empowering the next generation of real estate professionals. Launch of the NAREDCO NextGen Digital Learning Hub A...

In 2024, India's financial markets experienced a remarkable escalation in Qualified Institutional Placements (QIPs), achieving record-breaking fundraising levels. The real estate sector emerged as a significant beneficiary, reflecting robust institutional confidence in the nation's economic resilience. What is a Qualified Institutional Placement (QIP)? In the dynamic landscape of corporate finance,...

The Union Budget 2025 introduces a series of transformative measures aimed at revitalizing the real estate sector and making homeownership more attainable for the middle class. These initiatives are poised to stimulate economic growth, bolster infrastructure development, and restore confidence among homebuyers and investors. Significant Tax Relief for the Middle Class A pivotal component of the...

The upcoming Union Budget 2025 presents a pivotal opportunity to implement strategic policy reforms that can significantly enhance the real estate sector's contribution to India's economic development. By addressing key areas such as affordable housing, industry status recognition, taxation, regulatory frameworks, infrastructure development, sustainable building practices, and foreign investment, we can...

The ambitious ₹6,000 crore Film City project is scripting a remarkable transformation in Noida's Sector 21, creating ripples across the entire real estate landscape. Spanning an impressive 1,000 acres, with 780 acres dedicated to film studios and 220 acres for commercial and residential development, this mega project is set to rival global entertainment hubs. The development, scheduled for completion by...

In 2024, India's real estate sector experienced significant developments across various dimensions, including regulatory changes, market dynamics, technological advancements, and investment trends. 99Realty have covered most of these topics in our regular articles and this comprehensive article brings to you the major events in the Indian Real Estate Sector in 2024 along with our future prospective for...

The Maharashtra Real Estate Regulatory Authority (MahaRERA) has introduced a key regulation that mandates the inclusion of real estate agents' fees, including commissions and brokerage charges, in the model property sale agreement. This regulation results from consultations between MahaRERA and the National Association of Realtors (NAR)-India. Their partnership reflects a push for a professionalized and...