India's real estate sector stands as a cornerstone of its economy, intricately linked to various macroeconomic factors. Understanding these dynamics is essential for stakeholders aiming to navigate and capitalize on market opportunities. Gross Domestic Product (GDP) Growth and Real Estate Demand Correlation Between GDP Growth and Real Estate Economic expansion directly influences real estate...
residential
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...
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,...
Kolkata, historically known for its affordable housing market, is undergoing a significant transformation. The city is witnessing a surge in premium and luxury residential projects, reflecting a shift in both demand and economic dynamics. Emergence of Premium Housing Projects In recent years, several prominent developers have launched upscale residential projects in Kolkata. For instance, Godrej...
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...
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...
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,...
When purchasing an apartment in India, one critical concept that buyers often encounter is the Undivided Share of Land (UDS). This pivotal aspect influences legal ownership, resale value, and future benefits. In this guide, we delve deep into UDS, offering insights on its significance, calculations, legal implications, and more. What is UDS in Real Estate? The Undivided Share of Land (UDS) refers to...