The Chief Minister of Gujarat launched the GUJCON property show, emphasizing the need to redefine affordable housing. The event, organized by CREDAI, aims to provide a platform for developers and buyers to connect and explore new opportunities in the real
Affordable HousingReal EstateCredaiGujconProperty ShowReal Estate NewsJan 05, 2025
GUJCON is a bi-annual property show organized by CREDAI in Ahmedabad. It serves as a platform for real estate developers and buyers to connect and explore investment opportunities in the housing market.
The Chief Minister of Gujarat, Vijay Rupani, inaugurated the GUJCON property show in Ahmedabad.
CREDAI, the Confederation of Real Estate Developers' Associations of India, is a national association that promotes the growth and development of the real estate sector. It focuses on transparency and ethical practices and plays a crucial role in shaping policies and regulations.
The properties showcased at GUJCON feature innovations such as energy-efficient designs, smart home systems, and community amenities. These features aim to enhance the quality of life for residents while keeping costs affordable.
The government is implementing several initiatives to support the real estate sector, including subsidies, tax benefits, and streamlined approval processes, all aimed at promoting affordable housing and fostering growth in the sector.
The Brihanmumbai Municipal Corporation (BMC) is set to renovate 47 municipal markets in Mumbai, with a focus on modernization and sustainability.
The Economic Survey 2023-24 has revealed that real estate regulatory authorities have resolved over 1.25 lakh complaints and registered over 1.30 lakh projects under RERA as of July 1, 2024.
India's real estate market has witnessed a significant surge in private equity investments, with a total of USD 1.7 billion invested in the first half of 2024, marking a 42% year-on-year increase.
The Reserve Bank of India's clampdown on unsecured loans has led to a decline in bank credit growth, with personal and agriculture loans being the most affected. Meanwhile, industrial credit demand has seen a significant increase.
Prime Minister Narendra Modi has laid the foundation stone for the Vadhvan Port in Maharashtra, marking a significant milestone in India's maritime infrastructure development.
The BKC underground bullet train station, 75% complete, is poised to significantly boost Mumbai's real estate market, attracting investors and developers alike.