News

Finance Minister Nirmala Sitharaman's Budget 2024 announcement of reinstating the interest subsidy for middle-class and lower-middle-class homebuyers under the Pradhan Mantri Awas Yojana (PMAY) marks a significant policy shift. This move is poised to bolster the housing sector by making home loans more affordable, especially in an environment of rising interest rates. Here, we explore the intricacies of...

The Union Budget 2024 has earmarked a substantial investment in urban housing through the PM AWAS Yojana Urban 2.0, promising a transformative impact on the real estate sector. This analysis delves into the implications of the announced Rs 10 lakh crore investment, with Rs 2.2 lakh crore allocated centrally, and its potential to rejuvenate the housing market, stimulate economic growth, and foster...

The real estate sector in India has shown remarkable resilience and growth post-COVID-19. With the upcoming Budget 2024, there are high expectations for reforms and incentives that can further propel this sector. Key areas of focus include the rationalisation of GST rates, the promotion of affordable housing, and the granting of full-fledged industry status to real estate. In this comprehensive analysis,...

The Yamuna Expressway Industrial Development Authority (YEIDA) has launched a new scheme offering over 350 residential plots in the vicinity of the upcoming Noida International Airport. This initiative aims to capitalize on the growing demand for residential, industrial, and commercial spaces in the rapidly developing region. Location and Connectivity The scheme encompasses 361 plots distributed...

In the last half-decade, Noida and Greater Noida have undergone a transformative journey, evolving from regions known for affordable and mid-segment housing into thriving hubs of luxury real estate. This metamorphosis is driven by several key factors, including infrastructural advancements, policy reforms, and a burgeoning demand for premium living spaces. This comprehensive analysis explores the drivers...

In a recent move poised to significantly impact the real estate landscape, the Greater Noida Industrial Development Authority (GNIDA) board has approved a substantial 5.30% hike in land allocation rates for the fiscal year 2024-25. This strategic decision, influenced by the ongoing and upcoming infrastructural advancements in Greater Noida and Noida Extension, aims to align property values with the...

As India approaches its last phase of 2024 general elections, the real estate sector stands at a critical juncture. Historically, elections in India have had significant effects on various economic sectors, including real estate, due to changes in policy direction, economic sentiment, and investment flows. The 2024 elections are poised to have similar, if not more pronounced, impacts. The 2024 Indian...

The Indian real estate sector is poised for unprecedented growth, with projections indicating a market size of USD 1.3 trillion by 2034 and USD 5.17 trillion by 2047. This dynamic sector is set to play a pivotal role in the nation's economic development, driven by increasing residential and commercial demands and contributing significantly to GDP and employment. This article delves into the factors...

In February 2024, Kolkata witnessed an astonishing surge in property registrations, marking a 64% increase compared to the same period in the previous year. Its a 5 years high for the city of joy. This surge reflects a significant resurgence in the real estate market of the city, indicating favorable conditions for property transactions and investments. Several factors contribute to this remarkable...

The real estate market in Kolkata has been witnessing significant growth and stability in recent years, making it an attractive destination for investors and homebuyers alike. Here's a detailed overview of the real estate market in Kolkata. According to a report by Economic Times, Kolkata's real estate market showed robust growth in 2023. A total of 14,999 residential units were sold, marking a notable...