The Indian Construction Committee (ICC) recently hosted 'North Bengal Realty Reimagined 2024,' a significant event in the real estate and allied sectors. Touted as one of the largest real estate conclaves in the Northeast, the event featured over 15 promi
Real EstateNorth BengalIccSustainable DevelopmentConstructionReal Estate NewsDec 22, 2024
The Indian Construction Committee (ICC) is a leading organization in the construction and real estate sector, founded in 1980. It is committed to promoting sustainable and innovative practices and fostering collaboration and knowledge-sharing among industry stakeholders.
The main theme of 'North Bengal Realty Reimagined 2024' was to reimagine the future of real estate in North Bengal by addressing the unique challenges and opportunities in the region, with a focus on sustainable development and innovative practices.
The event featured over 15 prominent speakers, including developers, architects, urban planners, and government officials, who discussed various aspects of the real estate industry and shared their insights and best practices.
The conclave included a panel discussion on 'Unlocking the Potential of North Bengal's Real Estate Market,' a session on 'Sustainable Practices in Real Estate Development,' and a series of workshops and interactive sessions covering topics like project financing, marketing strategies, and legal and regulatory frameworks.
The trade fair provided a platform for leading real estate companies to showcase their latest projects and innovations, attracting a diverse audience of potential homebuyers, investors, and industry professionals, and offering a space for networking and generating leads.
The government has announced a proposal to modify the capital gains tax formula for real estate investors, providing an option to choose between a 12.5% tax rate without indexation or a 20% rate with indexation for properties acquired before July 23, 2024
The residential market outlook in Q2 2024 remains optimistic, with 63% of respondents expecting a rise in residential prices, while the office market outlook exhibits buoyancy on all key parameters.
Sh. Kuldip Narayan, IAS, Joint Secretary & Mission Director (Housing for All), Ministry of Housing & Urban Affairs, highlights the significant role of the real estate sector in fostering socio-economic development.
HSBC has noted a strong demand in India's real estate sector, despite the challenges posed by inventory constraints and project approvals. The bank's analysts recommend a 'buy' rating on several key stocks.
The Regional Ring Road in Hyderabad is witnessing a surge in land demand, as investors flock to key junctions, driving up prices and expanding the real estate market.
The year has been a mixed bag for the real estate industry, especially in Mumbai, as housing supply has slowed down. However, the recent audit of 13,000 buildings for redevelopment has brought a ray of hope, boosting the spirits of realtors.