Real Estate News

All About Chennai-Coimbatore Vande Bharat Express!

The Chennai-Coimbatore Vande Bharat Express is all set to launch on April 8, 2023, marking a new era in Indian railway transportation. This high-speed train, also known as Train 18, is a flagship project of the Indian Railways, aimed at providing a luxurious and comfortable travel experience to passengers.

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India’s most affordable cities for housing!

India is a country with a diverse landscape, culture, and economy. With the rapid growth of urbanization, housing has become a major concern for many people. However, some cities in India offer affordable housing options. Let’s take a look at India’s most affordable cities for housing.

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India’s highways infrastructure to match US by 2024: Nitin Gadkari

Indian Minister for Road Transport and Highways, Nitin Gadkari, has announced that India’s highways infrastructure will match that of the US by 2024. This ambitious goal is part of the government’s plan to invest heavily in the country’s infrastructure, including highways, railways, and airports, to spur economic growth and development.

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Changes in consumer behavior and their influence on real estate, during recession

A recession can have a significant impact on the real estate market, as it affects consumer behavior and their ability to purchase and invest in real estate. In times of economic uncertainty, consumers tend to shift their behavior to prioritize their basic needs, and real estate investments may not be a top priority. Here are some of the ways that a shift in consumer behavior during a recession can impact the real estate market.

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Institutional investors are returning to the Indian real estate market. Here’s why?

The Indian real estate market has been through some challenging times in recent years, with issues like oversupply, regulatory changes, and a sluggish economy impacting the sector. However, there are signs that institutional investors are returning to the market and expressing renewed interest in Indian real estate.

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Residential searches increased 14.2%, while listings up 1.9% in January-March 2023, according to the report!

According to a recent report, residential property searches increased by 14.2% in the first quarter of 2023, compared to the same period last year. The report also indicates that the number of listings increased by 1.9% in the same period. The increase in property searches can be attributed to the overall improvement in the economic situation of the country. The pandemic-related restrictions are slowly easing, and people are getting back to their routine lives. The job market is also showing signs of improvement, which is driving people to explore new residential properties.

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Protests against new construction in Pune until the city’s water problems are rectified

A plea has been filed in the Bombay High Court against the construction of new buildings in Pune until the water crisis in the city is resolved. The plea highlights the city’s acute water shortage and construction’s impact on the already strained water resources. Pune has been facing a severe water crisis for the past few years, with the water levels in the city’s reservoirs dropping alarmingly low. The situation has been aggravated by the rapid pace of urbanization in the city, which has increased the demand for water. The city has been relying on water supply from neighboring districts, which is both expensive and unsustainable in the long run.

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Housing plot sales in Rajasthan are on the rise, but apartments face double stamp duty!

Housing plot sales in Rajasthan have surged in recent months due to a number of factors, including a growing preference for standalone houses, low-interest rates, and government incentives for affordable housing. However, the surge in plot sales has come at the expense of flat sales, which have been hit hard by the recent increase in stamp duty. According to recent reports, the demand for housing plots in Rajasthan has increased by over 30% in the last quarter. The demand for flats, on the other hand, has declined by a similar percentage, largely due to the increase in stamp duty rates.

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Small office space is in high demand in the Kolkata market!

Kolkata, also known as the ‘City of Joy’, is witnessing a surge in demand for small office spaces. With the rise of start-ups, small businesses, and freelancers, the need for affordable and flexible office space has increased manifold. This has given rise to a new trend in the Kolkata real estate market – small office spaces. Gone are the days when businesses had to rent large and expensive commercial spaces in prime locations to establish themselves in the market. Today, the scenario has changed completely, and small office spaces are becoming increasingly popular due to their affordability, flexibility, and convenience.

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The Aarey Station on Mumbai Metro Line 3 is being built!

The construction of Mumbai Metro Line 3’s Aarey Station has finally begun after a long wait. The construction work has been in the pipeline for several years, and it is a significant step toward improving the city’s public transportation system. Mumbai Metro Line 3 is an ambitious project that aims to connect the city’s eastern and western suburbs. The 33.5-kilometer-long line will have 27 stations, and it is expected to reduce travel time and ease congestion on the city’s roads. The Aarey Station is one of the key stations on the line, and it will serve as an interchange station for the Mumbai Metro Line 6.

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