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Pune

61 posts
MahaRERA

MahaRERA Invites Objections to De-Registration of Macrotech and Raheja Projects Along with 17 Others

MahaRERA has issued a notice inviting objections to the de-registration of 19 real estate projects, including prominent developments by Macrotech Developers and K Raheja Corp. Stakeholders are encouraged to submit objections by 12th December 2024, ensuring transparency in the real estate sector.
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.
The government of Maharashtra has issued a new circular, effective immediately, canceling the appointment of all Authorized Service Providers (ASPs) for online Leave and License registration. This move aims to simplify the process for citizens and eliminate intermediaries, but it also places new responsibilities on tenants and landlords.

Rent vs. Buy: Analysis of Residential Trends in India’s Top 7 Cities

The debate between renting and buying homes in urban India is heating up, with recent ANAROCK Research showing that rental values have surged in several cities, outpacing capital appreciation. As more residents evaluate their housing options, key micro-markets reveal significant trends that could influence individual decisions.
Office real estate

GCCs to Drive 40% of Demand for Grade A Office Space in India

Colliers report projects that Global Capability Centers (GCCs) will drive almost 40% of the demand for Grade A office space in India in the coming years. The report highlights the increasing role of GCCs, engineering, and BFSI sectors in the office space market, with major cities like Bengaluru, Hyderabad, Chennai, and Pune showing significant growth. ESG considerations are also shaping demand, with a substantial portion of office space expected to be green-certified.
Rapid-urbanisation-of-Thane

Qubit’s Navigo Facilitates ₹510 Crore in Real Estate Sales

Qubit’s Navigo has made a remarkable impact on the real estate market, facilitating ₹510 crores in sales within nine months of its launch. This innovative 3D visualization tool is projected to drive sales over ₹5000 crores by September FY 25 and is expanding into Pan-India and UAE markets. With features like 360-degree walkthroughs and real-time geospatial mapping, Navigo is setting new standards in real estate visualization and sales.