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Housing sales in Tier 1 cities up by 8% despite decrease in new launches by 19% in Q1 2024

India, March 28 -- The residential market in India has witnessed a growth in sales in Q1 2024, with an 8% year-on- year increase despite a decrease in new launches by 19% during the same period, a rep... Read More


NBCC sells 4.8 lakh sq ft of commercial space for Rs.1905 crore in Delhi's World Trade Centre

India, March 27 -- NBCC (India) Ltd, the government's construction arm, has sold commercial space spread across an area of 4.8 lakh sq ft for Rs.1905 crore in the World Trade Centre located in Delhi, ... Read More


Bengaluru-based real estate firm Concorde acquires 4.5 acre land for Rs.100 crore

India, March 27 -- Bengaluru-based real estate developer, Concorde, has acquired 4.5 acre land for Rs.100 crore in Thanisandra, a micro market of North Bengaluru to develop a residential project with ... Read More


Housing sales in top seven cities record 14% increase in Q1 2024; prices rise by 10-32%

India, March 27 -- As many as 1.30 lakh housing units were sold in Q1 2024 across the top seven cities on the back of increase in demand which is a 14% yearly rise against approximately 1.13 lakh unit... Read More


Luxury homes priced above Rs.50 crore and above witness a 1.5X y-o-y increase

India, March 26 -- Luxury homes priced Rs.50 crore and above have seen a surge in sales value from Rs.2,859 crore in 2022 to Rs.4,319 crore in 2023, an increase by almost 1.5X. Mumbai witnessed the ma... Read More


Luxury homes priced above Rs.50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

India, March 26 -- Luxury homes priced Rs.50 crore and above have seen a surge in sales value from Rs.2,859 crore in 2022 to Rs.4,319 crore in 2023, an increase by almost 1.5X. Mumbai witnessed the ma... Read More


RERA update: Uttar Pradesh real estate regulatory authority passes 5 orders to safeguard homebuyers' interests

India, March 26 -- The Uttar Pradesh Real Estate Regulatory Authority has passed several orders over the last few weeks to protect the interest of homebuyers. It has directed real estate developers to... Read More


Share of GCCs in office transactions in Chennai increases by 55% in 2023

India, March 26 -- Global Capacity Centres (GCC) focused transactions dominated more than half of the office volume deals in Chennai during 2023, totalling 6.02 mn sq ft across 71 deals, a report by K... Read More


Bank of America leases two commercial units in Malad for 10 years for Rs.91.5 lakh per month

India, March 22 -- Bank of America, through its non-banking subsidiary, has leased two commercial units in Malad for 10 years at a starting monthly rent of Rs.91.5 lakh, documents accessed by FloorTap... Read More


Rekha Jhunjhunwala buys Mumbai apartment for Rs.11.76 crore

India, March 22 -- Rekha Jhunjhunwala, who is the wife of late billionaire Rakesh Jhunjhunwala, has purchased an apartment in Mumbai for Rs.11.76 crore, documents accessed by IndexTap showed. The apa... Read More