02 Dec 2023

According to a report by Colliers, a notable upswing in real estate investment activities is expected in the Asia Pacific region in 2024, with India emerging as a key destination for capital inflows. The report highlights India's prominence due to its robust economic growth, drawing investor interest in various real estate segments such as office spaces, logistics, private credit, residential properties, and data centres. Institutional investments in India's real estate sector saw a 27% year-on-year surge in the initial nine months of 2023, totalling $4.6 billion, with foreign inflows constituting a dominant 77% share. The report anticipates major transactions and increased investment volumes in 2024, signalling a positive outlook for the region, particularly in India.Read more

02 Dec 2023

Greater Noida West has become a hotspot for real estate investors as property prices surged by an impressive 21.6% YoY, according to a recent Magicbricks report. The study highlights a growing demand for spacious residences, with apartments exceeding 1,250 sq ft contributing to 54.5% of the total demand. The area's strategic location and affordable housing options have attracted both domestic and international investors, with NRIs from the United States, Canada, United Kingdom, and UAE constituting 85% of the international demand. This surge solidifies Greater Noida West as a thriving real estate destination.Read more

01 Dec 2023

Tata AutoComp Systems sells a 13.26-acre land parcel in Pune's Maan area to Titania Industrial Development for Rs 134 crore. Tata has applied for rezoning the property in the industrial zone to residential zone. The strategic move aligns with Pune's growth dynamics, particularly in areas like Hinjewadi, which is witnessing increased business activity. Pune is hailed as a top real estate investment destination, exhibiting remarkable growth in sales and value. The present land transaction reflects the current trend of developers opting for residential development on acquired or existing land parcels amid the ongoing upcycle in the housing market across key cities.Read more

01 Dec 2023

The Securities and Exchange Board of India (SEBI) board has unveiled plans to regulate online platforms offering fractional ownership of real estate assets. These platforms will now need to register under a framework designed for small and medium real estate investment trusts (REITs), part of SEBI's efforts to oversee evolving online investment platforms. Additionally, SEBI announced the implementation of electronic storage for fresh investments by alternative investment funds (AIFs) from September 2024, aiming to enhance transparency.Read more

01 Dec 2023

The Nagpur Municipal Corporation (NMC) has intensified its crackdown on property tax defaulters by attaching 225 vacant plots in the Hanuman Nagar zone, totalling Rs 45.52 lakh in defaults. The affected plots include those owned by Shewanta Co-operative Housing Society Limited, Suvikas Co-operative Housing Society Limited, and Gangotri Developers, all located in the Hudkeshwar area. This action follows earlier notices and warrants issued by the NMC to property owners, emphasizing the municipality's commitment to enforcing property tax regulations and recovering outstanding dues.Read more

01 Dec 2023

The Nashik Municipal Corporation (NMC) plans to implement Geographic Information System (GIS) mapping for all properties within the city, aiming to identify and record over 5.2 lakh properties. Each property will receive a unique index number, facilitating easy access to information on built-up area and other details. This initiative aims to bring unrecorded properties under the tax net, boosting NMC’s revenue. The NMC also intends to outsource property tax bill distribution to a private agency, allowing the civic body to focus on tax recovery. Additionally, the mapping will cover both authorized and unauthorized slums to curb illegal settlements.Read more

30 Nov 2023

Aamor Inox Limited, a stainless steel bars manufacturer, has acquired 12 bighas of farmland with a farmhouse in South Delhi's Rangpuri for Rs 87.5 crore. The deal, completed in September, involved a stamp duty of Rs 6.12 crore. This transaction is part of a trend of significant real estate deals in Delhi this year. The move reflects a growing interest in farmhouses, with wealthy individuals seeking spacious residences after pandemic-related restrictions. The surge in farmhouse investments extends beyond Delhi, with locations near Mumbai and Rishikesh gaining popularity among high net worth individuals and celebrities.Read more

30 Nov 2023

Luxury housing sales in India, particularly those priced over Rs 4 crore, have doubled, according to CBRE. The festive season from October to December is expected to witness further growth in this sector, with rising aspirations, economic growth, and smart home technologies contributing to the surge. The post-pandemic need for larger spaces has intensified the demand for luxury homes, attracting high-net-worth individuals (HNIs) and non-resident Indians (NRIs). CBRE forecasts a potential 10-year high in premium and luxury residential sales in 2023, emphasizing evolving lifestyle preferences and a robust Indian economy.Read more

30 Nov 2023

Magicbricks, a prominent real estate platform, has observed a significant uptick in property rents across major Indian cities, recording a robust 22.4 percent YoY and 4.6 percent QoQ surge in July–September 2023. Thane, Gurugram, and Greater Noida witnessed the highest increases. Millennials constituted 67 percent of rental demand. Thane led with 57.3 percent YoY growth, followed by Gurugram (41.4 percent), Greater Noida (28.7 percent), Noida (25.2 percent), and Hyderabad (24.2 percent). The report also highlighted tenant preferences for mid-segment rentals and semi-furnished units.Read more

30 Nov 2023

SEBI, India's securities regulator, unveiled a set of decisions to boost investment through Small and Medium Real Estate Investment Trusts (SM REITs), strengthen investor protection in Alternative Investment Funds (AIFs), and establish regulatory measures for index providers. The move aims to broaden market participation and transparency while introducing flexibility for not-for-profit organizations in fundraising through social stock exchanges. SEBI's regulatory framework includes a shift to demat form for AIF investments and changes to social stock exchange parameters to encourage wider participation and positive impact assessment.Read more