Builders in Visakhapatnam are seeking government support to revive the city's real estate market by investing in IT and metro projects.
Real EstateVisakhapatnamItMetroCredaiReal Estate NewsJun 27, 2024
The builders are seeking government support to revive the real estate market in Visakhapatnam, which has been struggling due to the Covid pandemic and other factors.
The builders are seeking IT investments, completion of the Bhogapuram International Airport, construction of flyovers, and initiation of Metro Rail from Steel Plant to the Bhogapuram airport.
The builders are offering affordable houses because the income levels of the urban middle class in Visakhapatnam are relatively low compared to other tier-two cities.
The real estate market in Visakhapatnam has been struggling, with more than 15,000 flats remaining unsold and construction activities remaining dull during the last five years.
The builders are optimistic about the new government, led by Chief Minister Nara Chandrababu Naidu, who is known for his entrepreneurial qualities and is expected to formulate new policies to support the real estate sector.
Experience Mumbai's first Rooftop Skywalk, offering 2 & 3 Bed Lifestyle Residences with breathtaking views and world-class amenities.
Godrej Properties has achieved a record-breaking property sales figure of Rs 28,800 crore in 2024, surpassing all other listed real estate companies in India. This remarkable performance is attributed to strong demand across key cities like Delhi-NCR, Mum
Mumbai is bracing for another heatwave this weekend as the India Meteorological Department (IMD) issues a fresh warning. Temperatures are expected to soar, and residents are advised to take necessary precautions to stay safe.
Mumbai, March 13 (IANS) Worli, a premier luxury real estate hub in Mumbai, has witnessed a significant boom in property transactions, with ultra-luxury deals totaling Rs 4862 crore. Property prices in the area have surged by 30%, reflecting the robust dem
The Maharashtra government has hiked property rates by 3.9%, which will impact property taxes, stamp duty, and registration charges. This article explains what the increase means for homeowners and real estate investors.
PropEquity's recent report provides insights into the latest real estate market trends, including home prices and sales patterns in key Indian cities such as Pune, Mumbai, and Bengaluru.