UP Expressway scam looms larger than ever
Even though storm is not over Noida Extension land acquisition, another scam in UP Expressway has surfaced that could be India’s biggest land controversy.
Search Results: land acquisition (330)
Kisan Mazdoor Sabha demands ban on forced eviction of farmers
The All India Kisan Mazdoor Sabha has demanded that the new law for Land Acquisition being proposed by the Union Rural Development minister should include a complete ban on forced eviction of farmers.
Supreme Court order leads to standstill in home sales at Noida Ext
Sale of housing units have virtually come to a halt in Noida Extension following a Supreme Court order quashing land acquisition from farmers by the state authorities in some parts of the area.
Noida Extension developers to share their side of story
Developers who have suffered by the Supreme Court judgment on the Noida Extension land acquisition have organised a press conference on Thursday, July 14, to share their side of the story.
Amrapali to refund entire amount; Supertech seeks legal opinion
Real estate company Amrapali, which has been worst affected by the Supreme Court judgment regarding land acquisition in Greater Noida, today said it is refunding the entire amount to home-buyers who have opted out from its township in the area.
Policy intervention needed for an organized real estate
Land acquisition has become a very contentious issue these days. There are some states where land acquisition has evoked public protest and at some places these are politically motivated as well.
Education sector real estate opportunity estimated at over 4 bn. sq. ft. in India over the next ten years
As the education sector evolves, factors such as technology permeation, revamped building designs, and focus on health & safety are likely to define education real estate. Besides, modern educational building design must prioritise flexibility so that spaces can be reconfigured to adapt to various teaching methods and activities, developing a dynamic learning environment. To address this and move away from traditional classroom setups, educational buildings now include collaborative spaces to encourage teamwork and group learning. Moreover, sustainable, and eco-friendly design elements, such as energy-efficient systems and natural lighting, are becoming increasingly common to reduce the environmental impact of educational buildings.
Real estate records the highest-ever equity investment since 2018
In a report ‘India Market Monitor Q3 2024 – Investments’, CBRE indicates a robust 46% Y-o-Y growth in real estate equity investments, totalling USD 8.9 billion in Jan-Sep ’24 —the highest-ever recorded since CY 2018, surpassing the USD 7.4 billion total equity investments for CY 2023. On a quarterly basis, equity investments in real estate stood at USD 2.6 bn in the Jul-Sep’24 period. Domestic investors (predominately developers) took the lead with ~79% share in equity capital inflows in Jul-Sep ‘24. Singapore-based investors accounted for nearly 73% of the total foreign capital inflows, followed by the United States (~22%). Developer activity picked pace in Jul- Sep ’24 quarter, accounting for a share of nearly 47% in total equity investments, followed by institutional & collective vehicle investors (~36%).
Puravankara reports revenue of INR 676 crore for Q1; 100% Y-o-Y growth
The Indian real estate sector is poised for robust growth in FY25, driven by the country’s strong economic performance and rising demand across residential, commercial, and industrial segments. The IMF has revised India’s GDP forecast to 7% from 6.8% for FY25. Increased urbanization, infrastructure development, and favourable government policies are boosting homebuyers confidence. The residential sector is witnessing a continued surge in demand. Overall inventory overhang has reduced from 3.7 years (2017) to 1.3 years (Q1 CY 2024). Puravankara is expected to experience sustained growth, in line with the sector, supported by a conducive economic environment and evolving consumer preferences.
Luxury segment housing sales rise by ~27% Y-o-Y in Jan-Jun ‘24 across top seven cities
The surge in demand for luxury housing has been primarily driven by a growing preference by affluent buyers seeking enhanced amenities and more spacious living areas that complement their multifaceted lifestyle. Additionally, the aspirational class has been on an upward trend, significantly driving luxury sales. Furthermore, the rise in NRI and astute investors in the Indian real estate market has considerably contributed to the heightened demand for luxury properties.