China deflating realty bubble
Chinese officials are blaming the speculators for soaring property prices and have announced to build 36 million affordable homes over the next five years.
Search Results: urban housing (580)
Why can’t home buyers define demand for the real estate projects?
At a time when there is a mad rush to launch new projects in & around the airports across the cities of India, a developer in Bengaluru opted to go in the diametrically opposite direction. Prima facie, what appeared to be a case of finding a better or affordable land parcel in that given location of South-West Bengaluru had a strategy that very few adopt in the business of Indian real estate. The strategy to define demand through scientific research. The demand in the market was assessed with consumer psychograph study – what consumers want; what they need; where are the gaps; and how a new housing project could fill in that gap.
Equity investments in real estate sector crossing USD 10 billion in 2024: CBRE-CII Report
Equity capital inflows touched USD 8.9 billion between January and September, registering a 46% Y-o-Y growth. The strong momentum in deal volume continued, with about 200 deals reported during this period, compared to 151 deals in the same period last year. The average deal size also increased to nearly USD 45 million in the first nine months of 2024 from about USD 36 million in 2023. Mid-sized deals, ranging between USD 10-50 million, represented 56% of the total investment inflows during this period.
Is RERA a rehabilitation center of ex bureaucrats?
RERA is yet again under the scanner after the Supreme Court of India questioned whether it is a rehabilitation center of ex bureaucrats. The functioning and performance of RERA, or rather lack of it, has been challenged at each and every level in now nearly 8 years of its existence. A Track2Realty report. Wait! I am not giving any opinion. My opinion is already there in the public domain. Now the Apex Court in the country, the Supreme Court of India is saying so. I have always maintained that the very purpose of RERA was defeated when the ex-Bureaucrats were made the Chairman and members.
Delhi-NCR leads the property price rally with 57% YoY growth: PropTiger.com Report
The western cities of Ahmedabad and Mumbai, along with the southern tech hub of Bengaluru, all experienced healthy price appreciation in the 15-21% range whereas Chennai in south and Kolkata in east saw robust growth of 22% compared to the previous year, indicating strong economic activity and housing demand in these metros. This trend points to sustained demand in these economically vital centers. Pune, often seen as a more affordable alternative to Mumbai, also saw an 18% increase, suggesting it’s maintaining its appeal for homebuyers while still seeing significant price growth.
16% annual growth forecasted to propel real estate market to $10 trillion by 2047: Colliers-CREDAI Report
This long-term growth in real estate is underpinned by six salient growth levers which includes, rapid urbanization, infrastructure development, digitalization, demographic shifts, sustainability and investment diversification; all of which will form the bedrock for a quantum leap in Indian real estate by 2047. These long-term growth ingredients will be pivotal in the expansion of Indian real estate – from under a trillion currently, to potentially a USD 10 trillion market by 2047, accounting for a 14-20% share in the country’s GDP.
Why is Indian real estate applauding Union Budget 2024-25?
Understanding the mindset of Indian real estate has never been easy. The built environment of the Indian real estate could argue and demolish the best of consumer-centric reforms. Remember the way industry body CREDAI had called RERA prior to its inception, and that too in front of the then Union Minister Kamal Nath, builder harassment and public amusement bill. But at the same time they celebrate the self-inflicted injury on many occasions. Track2Realty finds the overtones of the sector all the more contradictory with the Union Budget, before and after the budget.
DLF is India’s most valuable real estate company with a value of INR 2 lakh crore: GROHE-Hurun India Real Estate 100 Report
DLF has emerged as the top real estate company in the 2024 GROHE-Hurun India Real Estate 100, with a valuation of INR 2,02,140 crore. Following DLF, Macrotech Developers holds the second position with a valuation of INR 1,36,730 crore, and Indian Hotels Company ranks third with INR 79,150 crore. Among the top 10 companies, 60% are headquartered in Mumbai, while two are based in Bengaluru and one each in Gurugram and Ahmedabad.
More than 50% of developers seek tax rationalization and lower interest rates from new government: CREDAI Sentiment Survey ’24
53% of the developers saw a rise in buyer enquiries and engagement in 2023 compared to 2022. About half of the surveyed developers feel that residential demand would remain stable in 2024. Developers confident of an upward trajectory of housing prices in 2024. Nearly two-thirds of developers are willing to explore alternate segments like plotted developments, branded residences etc. within housing.
Colliers identifies 17 emerging real estate hotspots across India
A comprehensive analysis of these cities was done involving assessment of various social, economic, financial, and real estate specific demand & supply side parameters. Colliers conducted a broad-based assessment and developed an objective framework incorporating the above-mentioned parameters to assess their relative degrees of importance and impact on various real estate segments such as office, residential, warehousing, retail, hospitality, and alternatives (data centers, senior living, second homes etc.) in the respective cities.