The outlook for India's real estate sector is looking increasingly optimistic over the next six months, according to a recent report by Knight Frank. This positive trend is fueled by a combination of government policies, improving economic conditions, and
Real EstateIndian MarketEconomic RecoveryGovernment PoliciesAffordable HousingReal EstateNov 29, 2024
The main reason for the optimistic outlook of India's real estate sector is a combination of supportive government policies, improving economic conditions, and growing demand for both residential and commercial properties.
The government has contributed to the growth of the real estate sector through initiatives such as the 'Housing for All by 2022' program, the implementation of the Real Estate (Regulation and Development) Act (RERA), and measures to boost the economy and attract foreign investments.
Lower interest rates have made home loans more affordable, encouraging more people to enter the property market. This has particularly benefited first-time homebuyers and young professionals.
The real estate sector still faces challenges such as the need for more affordable housing options, the issue of unsold inventory, and the need for further regulatory reforms.
Knight Frank is a leading real estate consultancy that provides a wide range of services in India, including property sales, leasing, valuation, and advisory services. They have been instrumental in providing insights and strategic advice to developers, investors, and policymakers.
Godrej Properties, a prominent real estate developer in India, has reported a significant 5-fold increase in its consolidated net profit for the second quarter, reaching Rs 335.21 crore. The company attributes this growth to higher revenue and a strong pe
Real estate experts, urban planners, and policymakers are calling for significant improvements to make Indian cities more livable. From better infrastructure to sustainable development, the focus is on enhancing the quality of life for urban residents.
A shocking turn of events has transformed a rape case into a massive financial scandal, with raids uncovering crores in Demat accounts, real estate, and unaccounted cash.
The real estate industry has called for increased attention to rental housing and higher tax benefits on home loans in a recent pre-Budget consultation with the finance minister.
Following the Bombay High Court's criticism, the Brihanmumbai Municipal Corporation (BMC) has intensified its efforts to control air pollution with ward-level inspections and strict regulations for construction sites.
Amol Ravetkar, a seasoned real estate developer and founder of the Ravetkar Group, offers valuable insights into addressing the growing need for urban spaces in Pune. His expertise is crucial for the city's strategic urban renewal.