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Realty

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Stay updated with the latest news and trends in the realty sector. This tag encompasses various aspects of real estate including property developments, market insights, investment opportunities, and industry news, providing comprehensive coverage for real estate professionals and enthusiasts.

Get the latest news, trends, and insights in the real estate industry. This tag covers a wide range of topics including market analysis, property developments, investment opportunities, and residential and commercial real estate updates. Stay informed about the dynamics shaping the real estate sector.

MHADA

LIG Receives Highest Applications in MHADA Mumbai Board Housing Lottery 2024

The Mumbai Housing and Area Development Board (MHADA) reports an overwhelming response to its 2024 housing lottery, with the Low-Income Group (LIG) receiving the highest number of applications—61,571 for just 627 units. This reflects the persistent demand for affordable housing in Mumbai.
Office real estate

Office Demand Surges with 47 Million Square Feet Leased in First Nine Months of 2024

In Q3 2024, India’s office space demand soared to 17.3 million sq ft, marking a 31% increase year-on-year, bringing total leasing in the first nine months to 47 million sq ft. Bengaluru and Hyderabad drove this growth, with technology and BFSI sectors leading the charge. New supply also surged, reflecting strong developer confidence in the market.
housing

Housing Sales Dip 11% Year-on-Year in Top 7 Cities; New Launches Fall Below 1 Lakh Units

In Q3 2024, India’s residential real estate market saw an 11% decline in housing sales across the top seven cities, totaling approximately 107,060 units. While new supply fell below 1 lakh for the first time since Q1 2023, strong demand continues to drive residential prices up by 23% year-on-year, indicating a stabilizing market following a two-year bull run.
Reduce prices to survive or suffer: Piyush Goyal to Builders

Union Minister Piyush Goyal Shares His Struggles with Mumbai Developer

Piyush Goyal recently shared his personal struggles with a Mumbai developer at an event organized by the developer fraternity. He recounted how, despite purchasing his home in 2010, it took five years to obtain the Occupation Certificate after the property was completed in 2012. Goyal’s experience highlights the challenges many homebuyers faced in the pre-RERA era and underscores the need for ongoing reforms in the real estate sector.
residential real estate

Residential Demand Rises 12.3% QoQ with 8.3% Capital Appreciation

The latest PropIndex Report from Magicbricks highlights a notable 12.3% increase in residential demand and an 8.3% rise in prices from July to September 2024. Noida, Gurugram, and Greater Noida have seen the most significant price increases, indicating a robust market driven by both homeownership and investment interest.