Real estate developers were the first to recognize the potential, constructing luxury villas. However, the grocery market has lagged behind, while the liquor trade has shown more promise...
GoaLuxury TourismReal EstateHighvalue TouristsSustainable TourismReal EstateDec 07, 2024
The real estate and liquor trade sectors have shown the most promise. Real estate developers have built luxury villas, while the liquor trade has expanded its range of premium products.
The grocery market in Goa has not yet fully adapted to the needs of high-end tourists, with global brands and gourmet options not as widely available as required.
Guided tours of historic sites, private beach dinners, and cultural performances are some unique experiences that can add significant value to the stay of high-value tourists.
Sustainable practices are crucial to ensure that tourism operations do not harm the local environment and communities. This includes waste management, water conservation, and supporting local businesses.
The government plays a critical role by investing in infrastructure, education, and marketing. A coordinated effort from the government, private sector, and local communities is essential to create an environment that caters to the needs of luxury travelers.
India's real estate sector is set to witness significant changes with SEBI's latest amendments to REIT regulations, effective from July 9, 2024.
The Maharashtra Real Estate Appellate Tribunal (MREAT) has ruled that the City and Industrial Development Corporation (CIDCO) must register its land schemes as real estate projects, aligning with the Real Estate (Regulation and Development) Act of 2016.
Prestige Estates Projects Ltd faced significant setbacks in the first half of FY25, but is gearing up for a strong second half with major launches. Timely regulatory approvals will be crucial for the company to meet its ambitious targets.
In 2024, luxury home sales in Mumbai, Pune, and Hyderabad collectively accounted for nearly 63% of the total unit launches, driving a significant 53% YoY growth in the top 7 cities.
After a three-day losing streak, real estate stocks bounced back on Tuesday, with the Nifty Realty index gaining over 3 percent in intraday trade. Companies like Raymond and Lodha witnessed significant gains.
The Confederation of Real Estate Developers' Associations of India (CREDAI) has welcomed the revised infrastructure tax payment plan, which is expected to provide significant relief to the real estate sector. The first instalment of the tax payments will