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Real Estate

395 posts
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.
Birla Niyaara worli

Homes Sold on Tuesday in Worli for Rs 81.45 Crore

In a notable real estate transaction in Worli, Mumbai, Ruchi Jain purchased two apartments for a total of Rs 81.45 crore. The deals, involving properties in Birla Niyara Phase 2, included ten parking spaces and a stamp duty discount for the buyer.
SFI

Logicap and Mitsubishi Estate Form Joint Venture for Industrial and Logistics Development in India

Logicap Management and Mitsubishi Estate have announced a joint venture to develop industrial and logistics facilities across India, starting with two projects in Gurgaon. This collaboration aims to address the increasing demand for modern infrastructure and support various industries, including e-commerce and manufacturing.
Green buildings

CII IGBC and CREDAI Sign MoU to Promote Green Building Practices in India

CII IGBC and CREDAI have signed a Memorandum of Understanding to promote green building practices in India. This partnership aims to encourage real estate developers to adopt sustainable technologies and work towards net zero building standards.
MHADA

MHADA Earns ₹5.68 Crore Ahead of Upcoming Lottery for 2,030 Homes

The Maharashtra Housing and Area Development Authority (MHADA) has generated ₹5.68 crore ahead of its upcoming lottery for 2,030 homes in Mumbai. With over 113,000 applicants completing their payments, the lottery, scheduled for October 8, 2024, aims to provide affordable housing options in the city.