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...
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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...
We are constantly impacted by fluctuating commercial spaces and inflation due to the ever-changing ways people shop.Crisil Ratings, a trusted research company, has shared some interesting predictions. The recent studies suggests that the space in shopping malls is going to get much bigger – by at least 35% – all over the country by the year 2027. This news is not just about more places to shop and...