India

In recent times, India's urban landscape has witnessed a phenomenon where purchasing property transcends mere utility, evolving into a symbol of personal success and social status. This trend, aptly termed the 'Coldplay Effect' of Indian real estate, draws a parallel between attending high-profile events and acquiring real estate assets as markers of one's achievements. Symbolism in Property...

In a landmark announcement at the 8th Bengal Global Business Summit, the Ambuja Neotia Group declared an ambitious investment exceeding ₹15,000 crore in West Bengal over the next five years. This strategic initiative encompasses significant developments across real estate, healthcare, hospitality, tourism, and the establishment of a golf-themed township, poised to substantially bolster the state's...

Kolkata, the City of Joy, is known for its rich cultural heritage, colonial-era architecture, and a real estate market that is both dynamic and affordable compared to other metro cities in India. If you are planning to invest in an apartment in Kolkata, understanding the price trends is essential. This article aims to provide an in-depth analysis of the price trends, factors influencing real estate costs,...

Noida's ambitious transformation into a smart city, backed by a substantial investment of ₹27,000 crore, is revolutionizing the real estate landscape across this burgeoning metropolis. This comprehensive urban metamorphosis encompasses cutting-edge technology integration, sustainable infrastructure development, and innovative urban planning solutions that are collectively redefining property valuations...

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...

A RERA escrow account is a specialized bank account mandated by the Real Estate (Regulation and Development) Act, 2016 (RERA) in India. Its primary purpose is to ensure that funds collected from homebuyers are used exclusively for the construction and development of the specific real estate project for which they were intended, thereby safeguarding the interests of buyers and promoting transparency in the...

The real estate sector in India stands as a cornerstone of the nation's economy, contributing approximately 8-9% of the GDP. It holds the distinction of being the second-largest source of employment after agriculture. Encompassing over 200 ancillary industries—including cement, steel, bricks, paints, and furnishings—the real estate industry has a vast and dynamic impact. By 2030, it is projected to...

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...

Jamshedpur, a city known for its industrial significance and rapid urbanization, is now witnessing a significant shift in its real estate landscape with the emergence of ambitious projects like the Govindpur Sky Tower. Positioned as a modern, state-of-the-art residential and commercial complex, Govindpur Sky Tower is set to become a landmark in the city’s skyline. Designed with modern amenities,...