In a candid conversation, prominent figures from Bengaluru's real estate sector share their experiences, challenges, and optimism about the future of the industry. They discuss the tough work involved, the thrill of creation, and the growing demand in the
Real EstateIndiaDevelopmentChallengesFutureReal Estate MaharashtraOct 15, 2024
Nirupa Shankar, Joint MD of Brigade Group, mentioned that the real estate business in India is a lot of 'donkey work,' involving extensive paperwork, obtaining numerous licenses, and navigating a complex regulatory landscape.
According to Nirupa Shankar, affordable housing is defined as around ₹45 lakh, but with rising land prices, most projects end up costing around ₹60 lakh. This makes it challenging to execute affordable housing projects.
Real estate leaders recommend exploring land aggregation and engaging in Joint Development Agreements (JDA) with existing landowners. They suggest using the ₹10 crore as equity and securing the rest as debt from a bank for construction financing.
The leaders are bullish on the future of the real estate market in India, citing the country's large population and growing aspirations. They believe that the demand for housing is a multi-decade opportunity and that it is physically impossible to build enough capacity to meet the demand.
According to the World Bank's Country Director for India, Auguste Tano Kouamé, by 2036, India’s towns and cities will be home to 600 million people, or 40% of the population, up from 31% in 2011.
From Kriti Sanon to Amitabh Bachchan, find out why Alibaug is the preferred choice for second homes and investments in real estate.
Government data reveals a staggering number of real estate disputes pending in consumer courts, affecting thousands of homebuyers and developers alike.
The latest statistics from Land Sterling reveal that Dubai's real estate sector witnessed over 47,300 transactions in the third quarter, with apartments leading the charge and accounting for a significant chunk of the $31.8 billion in total transactions.
Mumbai-based Build Capital, a real estate-focused asset manager, has successfully concluded fundraising for its maiden investment vehicle, marking a significant milestone in the company's growth. The fund aims to capitalize on the robust real estate marke
As the Maharashtra Legislative Assembly Elections of 2024 draw near, tensions are brewing within the Maha Vikas Aghadi (MVA) coalition over the choice of the Chief Minister (CM) candidate. The ongoing spat between Nana Patole and Sanjay Raut threatens to
Fueled by increasing homeownership preferences, low interest rates, and government incentives, the real estate sector is exhibiting promising signs of recovery, as seen in Suraj Estate Developers' recent financial performance.