real estate news
Nitco Secures Rs 19.4 Crore Tile Orders for Major Real Estate Projects
Nitco has secured Rs 19.44 crore worth of tile and marble supply contracts from Prestige Estates and Lodha Group, boosting its presence in the premium building materials market. The orders will support major residential and commercial projects across India over the next 12 months.
Real Estate Pune
Pune Real Estate Firm Seeks Merger with Subsidiary: Another Satyam-Maytas Scenario?
Pune-based real estate player EFC (I), acquired by Umesh Sahay and Abhishek Narbadia in April 2022, is proposing a merger with its own subsidiary, Whitehill Interior. The move, which will be voted on in a court-convened meeting on September 15, has raised corporate governance concerns.
real estate news
Delhi-NCR Leads Interior Spend; India Market Set to Double by 2030
The interior design market in Delhi-NCR is booming, with the entire Indian market expected to double by 2030. This growth is driven by increasing urbanization and a rising demand for modern, stylish living spaces.
Real Estate
CREDAI Pledges to Pass GST Savings to Homebuyers, Aiding Affordable Housing
CREDAI, the Confederation of Real Estate Developers' Associations of India, has committed to passing on the savings from recent GST rate cuts on construction materials to homebuyers. This move is expected to reduce property costs, especially in smaller cities.
real estate news
GST Cuts on Construction Materials to Spark Housing Market Growth
The Indian government's reduction in GST rates on construction materials is expected to boost the housing market, driving demand and reducing construction costs.
real estate news
GST Rate Cuts on Construction Materials to Boost Housing Market, Especially Mid-Income Segment
BPTP CEO Manik Malik anticipates improved affordability and buyer confidence, especially in the mid-income segment, following recent GST rate cuts on cement and construction materials.
real estate news
GST Council Cuts Rates on Key Housing Materials, Providing Relief to Homebuyers
The GST Council has announced significant reductions in GST rates on essential building materials, providing a major relief to the housing sector and the common man. This move is expected to reduce the overall cost of construction and improve affordability for middle-class families.
real estate news
GST Cuts Spark Mixed Reactions in Real Estate Sector
Recent reductions in GST rates for construction materials have elicited varied responses from real estate developers. While some see it as a positive step towards affordability, others believe the impact will be minimal.
Real Estate
India's Home Interiors Market Set to Double to $24.5 Billion by 2030: Magicbricks Report
The Magicbricks report highlights the significant value that well-designed home interiors add to real estate, projecting the market to reach $24.5 billion by 2030. This growth is driven by rising disposable incomes, rapid urbanization, and a growing consumer desire for personalized living spaces.
real estate news
GST 2.0: How Will Cuts in Cement, Marble, and Tile Rates Impact Homebuyers?
While immediate price reductions for homebuyers may be limited, real estate developers are expected to pass on savings through festive offers and flexible payment plans, making homes more affordable.
Real Estate
GST 2.0: Significant Cuts in Cement and Other Construction Materials to Boost India's Real Estate Sector
India's real estate sector is set for a significant boost as the government slashes GST rates on key construction materials, including cement, marble, and granite, potentially lowering project costs for developers and homebuyers.
Real Estate Maharashtra
GST 2.0 Set to Boost Real Estate Sector with Lower Tax on Construction Materials
The reduction in tax rates under GST 2.0 is expected to alleviate financial pressure and boost both residential and commercial real estate projects.
Real Estate Mumbai
GST Reduction on Construction Materials Boosts Real Estate, but Homebuyers May Not Benefit
The real estate sector has welcomed the GST Council's decision to reduce tax rates on key construction materials. However, industry experts warn that the benefits for homebuyers will be minimal.
real estate news
GST Reduction on Construction Materials: A Boon for Real Estate, but Not for Homebuyers
The real estate sector in Mumbai has welcomed the GST Council's decision to reduce tax rates on key construction materials. However, industry experts and analysts suggest that the benefits will mainly boost developers' margins, rather than lowering home prices for end-users.
Real Estate
GST Relief on Construction Materials: A Game-Changer for Real Estate
The central government's decision to reduce the Goods and Services Tax (GST) on cement and steel has been hailed as a game-changing move by leaders from the real estate industry, significantly lowering construction costs and boosting demand.
real estate news
How GST Rate Cuts on Cement and Construction Materials Will Impact Homebuying
The GST Council's decision to reduce GST rates on cement and construction materials is expected to boost the real estate market, particularly in the affordable and mid-income segments, by lowering costs and improving affordability.
Real Estate
GST Cuts on Construction Materials: A Festive Boost for Real Estate
The GST Council's decision to reduce tax rates on essential construction materials is expected to lower project costs, benefiting both developers and homebuyers. However, the real impact will depend on whether developers pass on these savings.
real estate news
GST 2.0 Boost for Real Estate: Lower Rates on Cement and Construction Materials
The GST Council's decision to cut tax rates on cement and key construction materials is expected to reduce project costs for developers and homebuyers, benefiting the real estate sector.
Real Estate
GST Relief on Building Materials: A Boon for the Real Estate and Housing Sector
The real estate and housing sector is set to benefit from the GST Council's decision to reduce tax rates on essential construction materials, which is expected to lower overall project costs for developers and homebuyers.
Real Estate
Applied Materials Secures 8 Lakh Sq Ft Office Space in Bengaluru for ₹855 Crore
In a significant move, global semiconductor display equipment manufacturer Applied Materials has leased 8.06 lakh sq ft of office space in Bengaluru's Whitefield for ₹855 crore over 10 years, marking one of the city's largest commercial real estate deals.