Square Feat India

Realty

How India Searched for Homes in 2024

Magicbricks’ 2024 report reveals the latest trends in India’s real estate market, showing a shift towards tier-2 cities, compact homes, and vastu-compliant properties. With varying preferences in metros and emerging towns, homebuyers are increasingly focused on location, floor levels, and parking needs, shaping the future of the housing sector.

December 23, 2024

Realty

MHADA to Host Eighth Democracy Day on January 13, 2025

The Maharashtra Housing and Area Development Authority (MHADA) will hold its eighth Democracy Day event on January 13, 2025, at its headquarters in Mumbai. This initiative, aimed at addressing public grievances, will feature departmental heads to ensure swift resolution of issues. Citizens can submit their complaints in advance for consideration at the event.

December 21, 2024

Realty

GCC Policy Impact on Residential Real Estate in Bengaluru

Bengaluru’s residential real estate is experiencing significant growth due to the expansion of Global Capability Centres (GCCs) driven by favorable state policies. As GCCs fuel commercial growth and create high-paying jobs, demand for upscale housing, smart homes, and co-living spaces is on the rise. With infrastructure projects like KWIN city, Bengaluru’s appeal as a prime real estate market continues to grow, making it a key hub for both global businesses and homeowners.

December 20, 2024

Realty

Dharavi Redevelopment: Bombay High Court Rules in Favor of Adani, Rejects UAE Firm’s Plea

The Bombay High Court has upheld the Maharashtra government’s decision to cancel Seclink Technologies’ winning bid for the Dharavi redevelopment project and issue a fresh tender. This move led to the award of the project to Adani Properties. Seclink had challenged the cancellation, arguing that the revised terms benefited Adani, but the court dismissed the plea, paving the way for the redevelopment of Dharavi.

December 20, 2024

Nirmala Sitharaman to present the union budget

Realty

Builders ask Govt To Reconsider GST on FSI Charges, Warns of Potential 10% Increase in Housing Prices

CREDAI has strongly opposed the proposed 18% GST on FSI (Floor Space Index) and Additional FSI charges, claiming that it could raise housing prices by 7-10%, making affordable housing projects financially unfeasible. The real estate body has urged the government to reconsider the move, warning that it could lead to stalled developments and disrupt the housing market.