Residential Projects

Many people want to upgrade their homes after the Covid-19 pandemic confined them indoors, industry executives say. Working from home has also led to a demand for larger apartments

New supply of residential properties rose 51 per cent last year to 3,57,635 units across seven major cities as builders launched more projects to tap rising demand, according to Anarock. In its annual report for 2022, the leading housing brokerage said new launches increased to 3,57,635 units last year from 2,36,693 units in 2021 across seven major cities. New launches of housing units were up in five cities --Mumbai Metropolitan Region (MMR), Kolkata, Bengaluru, Hyderabad and Pune, but fresh supply fell in Delhi-NCR and Chennai. The total new launches in 2022 remained lower than previous peak of 2014 when more than 5.45 lakh units were launched in the top seven cities, Anarock said. As per the data, new launches in MMR jumped over two-fold to 1,24,652 units in 2022 from 56,883 units in the previous year. Bengaluru saw a 61 per cent increase in new launches to 49,196 units in 2022 from 30,646 units earlier. Pune too witnessed a 61 per cent growth in new launches to 64,343 units f

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Shapoorji Pallonji Real Estate has launched a tower named 'CEDAR', comprising 225 apartments, in its 46-acre residential project Parkwest in Bengaluru

The Municipal Corporation of Delhi has extended the last date for filing property tax for 2022-2023 for availing rebate of 15 per cent to July 15, officials said on Friday. Previously, the last date was June 30. MCD provides a rebate of 15 per cent in property tax if the amount due for current financial year is paid in lump sum. "MCD has taken this decision to provide relief to citizens who failed to avail this rebate by not filing their property tax till June 30 due to some reasons. "MCD has ordered all concerned officials in this regard and property tax offices have also been made aware about the decision so that citizens don't face any inconvenience," the civic body said in a statement.

Alternatively, if you can, enter the market at a discount price

Deal is a milestone for firm's India residential credit biz; Against Rs 1,500 cr raised for this strategy, Investcorp has already made profitable exits exceeding Rs 1,350 crore in gross proceeds

Analysts say investors should moderate return expectations; DLF and Macrotech top picks

The Indian real estate sector has seen a spike in demand during the festive period, a recent report by Knight Frank, India informed

Despite home loan rates being at record lows and stamp duty cuts to encourage sales, 90 per cent of inventory in south central Mumbai, one of the biggest markets, remains unsold, a report said

The company plans to launch two housing projects during this month after getting the necessary regulatory approvals

Godrej Properties said it sold 340 homes with an area of more than half a million square feet on the first day of launch, making it one of the most successful launches in the country in recent times

It is looking to develop commercial properties in Bengaluru, Hyderabad, Chennai and Mumbai and Pune, is aiming at 8.5 mn sq ft in next 3-4 years

Venkat K Narayana, CEO of Prestige Estates Projects, tells Raghavendra Kamath that residential sales will do well due to multiple factors, and that demand for office properties will remain robust

Realty firm Ashiana Housing has acquired 22-acre land in Gurugram from Ramprashta group for about Rs 170 crore to develop a residential project. Recently, the company entered into a development agreement to build a 12-acre residential project for senior citizens in Pune on a revenue-sharing basis. "We have purchased about 22-acre land from Ramprastha group for about Rs 170 crore," Ashiana Housing MD Vishal Gupta told PTI. He said the company will develop a group housing project, which is located in Sector 93, New Gurugram, Haryana. Gupta said it would take 6-8 months to get various approvals to start the construction of this project. The potential saleable area is 21 lakh sq ft in this project. Ashiana Housing has added two projects to its portfolio this month, as part of its strategy to expand the business and future growth. In the Pune project, Ashiana Housing said the total size of the land is 11.93 acres, located in Mouje Varale, Taluka Mawal, District Pune (Maharashtra). Th

Housing.com and ISB launched an index to track prices of residential properties across eight major cities as part of their effort to provide real-time data to all stakeholders

Oberoi said the company is open to redevelopment of large residential societies and doing joint development, he said .

Driven by sustained demand for housing and supportive government policy, residential building will see a strong rebound in 2021 and robust growth over the coming decade, according to Fitch Solutions

The company registered record Q3 sales bookings

Two of the four projects being funded are planned in Kochi and Bengaluru, with saleable area of 4.5 mn sq ft. About 4,000 housing units will be built in next 5-7 seven years