Search Results: real estate market (2796)

Consumer Connect RERA 7 Years, RERA, RERA India, Real Estate Regulator, Real Estate Regulatory Authority, Real Estate Regulation Act, RERA Advantages, RERA Benefits, RERA Failures, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalists

7 years of RERA; 7 unaddressed questions

It was conceptualised to clean the opaque ecosystem of Indian real estate; was touted to be the biggest reform of the sector; and expected to enhance the home buyers’ confidence index. But seven long years after the enactment of the Real Estate Regulatory Authority (RERA), it has still not evolved as a stamp of trust for the harassed home buyers. RERA’s tryst with trial & error has not only dented the confidence of the home buyers but also lent credence to the perception that complaint with RERA rather gives an edge to the builders. After all, RERA has been relegated to be the balancing act for both the builder and the buyer. A Track2Realty analysis.

Consumer Connect RERA Survey, RERA Consumer Satisfaction, Real Estate Regulatory Authority, Real Estate Regulation Act, Benefits of RERA, Advantages of RERA, RERA Failures, 7 Years of RERA, RERA Trial & Error, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalist

Home buyers’ satisfaction index still low after 7 years of RERA: Survey

As RERA (Real Estate Regulatory Authority) is close to its 7 years of completion, the home buyers across the nation have more to complain than compliment with what was supposed to be a game changer legislation. The buyers rather question as to RERA has been enacted to serve whose purpose. Most of the home buyers across India’s top 10 cities point out that the ground realities have not changed for them. A vast majority of them feel it has opened another window of litigation and thus hurts than helps the buyers. Issues range from lack of transparency to accountability, and existing market realities to consumer interface.

Beyond Headlines Land Acquisition, Sumadhura Land Acquisition, Land Deals, Bengaluru Land Bank, Bengaluru Real Estate, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalists

Sumadhura Group acquires 40 acres of land in Bengaluru to strengthen its residential portfolio

The land acquisition expands Sumadhura Group’s Bengaluru and Hyderabad land bank to a significant 100 acres in FY 2023-2024, fuelling their future growth. The company boasts an impressive track record of completing 11 million square feet of residential and commercial projects in the last 30 years. The momentum continues with over 40 million square feet of additional development currently underway or in the planning stages, encompassing residential, commercial, and warehousing projects.

Company News Fractional Ownership, Fractional Ownership in India, Fractional Ownership Market, Fractional Ownership ROI, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal, Real Estate Journalist, Ravi Sinha

hBits expands its footprint with its foray in Pune, acquires Grade A commercial property in CyberCity Magarpatta

hBits, a fractional ownership platform, has marked its entry in the second largest city of Maharashtra with the acquisition of the 44,328 square feet campus – CyberCity Magarpatta. A city within a city, the campus houses a commercial zone, a shopping mall, multiple restaurants, two schools, residential neighborhoods, a gymkhana as well as a large 25-acre serene park.  Through this asset, hBits aims to create an investment opportunity worth INR 55 crore, thus democratizing access to Grade A commercial real estate for investors. 

Reports Industrial & Warehousing Real Estate, Logistics Real Estate, Logistics Supply, Logistics Absorption, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market, Best Real Estate Website, Best Property Portal, Real Estate Journalists

Industrial & warehousing supply in Q1 2024 inched towards 7 million square feet, highest in last two years

Third-party logistics players (3PL) continued to be the top occupiers of industrial and warehousing space, contributing to over 40% in the total warehousing demand. 3PL space uptake was driven by healthy activity in Chennai particularly. The city accounted for about 43% of the overall 3PL activity in the top five cities. Interestingly, at the Pan-India level, retail players accounted for 16% of the demand during the quarter, followed by engineering and automobile players with 12% share each.

Network Belicia Thane West, Thane West Property, Mumbai Housing Projects, Preston Group, Vedanshu Kedia, House of Hiranandani, Best Real Estate Website, Best Property Portal, Real Estate Journalist, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property market

Prescon Group and House of Hiranandani launches project ‘Belicia’ at Thane

The proposed project, namely Belicia, has been floated by Prescon Group (The real estate arm of Nitin Castings) and House of Hiranandani. ‘Belicia’ offers a range of apartments with configurations of 2, 3 & 4 BHK homes, featuring carpet areas ranging from 779 sq ft to 1546 sq ft, starting at INR 1.85 crore onwards. Each apartment is designed with marble flooring in the living, dining, and bedroom areas, complemented by large decks, ample natural light, ventilation, and select residences featuring foyer areas for enhanced privacy. The project boasts of providing residents with panoramic views of the city and the serene Yeoor Hills with the first habitable floor starting from the 7th level.

Reports Property Forecast, Property Trends, Indian Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market, Residential Market, Office Spaces, Retail Spaces, Flexible Spaces, Logistics & Warehousing, Property Market Trends

Retail leasing expected to be firm in 2024, reaching 6-6.5 mn. sq. ft.

The residential sector is currently undergoing a bullish phase, characterised by a convergence of factors that foster an extremely favourable ecosystem. As we progress into 2024, we anticipate that both sales and new property launches will sustain the sector’s buoyancy. Despite the potential challenges posed by escalating land costs and limited funding options for early-stage projects, the robust underlying market fundamentals are expected to propel residential activity well above the average trend witnessed in the previous five years.

Reports Office Space, Co Working Space, Flexi Spaces, CBRE South Asia, Anshuman Magazine, India Real Estate News, Indian Realty News, Real Estate News India, Indian Property Market News, Best Real Estate Website, Best Property Portal

Flexible space operators emerge as the second-largest sector in Jan-Mar ’24 leasing, with a share of 22%

Global Capability Centres (GCCs) accounted for a share of one-third in the overall India office leasing in Jan- Mar ’24. Within the GCCs space take-up, E&M companies contributed to over one-fourth share, followed by automobile firms. Bangalore led the chart for GCC leasing, boasting a 60% share, followed by Hyderabad with 26% and Delhi-NCR with 9%. Notably, 38% of the large-sized deals (exceeding 100,000 sq. ft.) were secured by GCCs during this period, underscoring their significant impact on the office leasing landscape.

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