As India propels itself into a new era of economic growth and infrastructure development, the aviation sector stands at the forefront of expansion. The Navi Mumbai International Airport (NMIA) represents a pivotal project in this trajectory, promising to alleviate the load on existing airports and contribute significantly to the country’s air travel capacity. In this […]
In a surprising and promising turn of events, property registrations in Mumbai witnessed an unprecedented surge in 2023, reaching an 11-year high. This surge not only reflects the resilience of the real estate market but also raises questions about the driving forces behind this remarkable uptick. In this comprehensive exploration, we delve into the data, […]
Oberoi Realty, a leading real estate developer in India, announced the launch of Forestville by Oberoi Realty, a luxury residential project in Kolshet, Thane on November 20, 2023. Spread across 18 acres, Forestville will consist of five residential towers, with the first phase comprising three towers.
In October 2023, the City and Industrial Development Corporation of Maharashtra (CIDCO) canceled the allotment of two adjacent plots in Navi Mumbai’s Sanpada area to Godrej Properties. This decision came after the company had emerged as the highest bidder for the plots in an e-auction held in March 2021.
The Delhi Development Authority (DDA) will hold an e-auction for prime plots from November 7, 2023. The auction will include a variety of plots, including residential, commercial, institutional, and industrial plots. The plots are located in prime locations across Delhi, including Dwarka, Rohini, and Narela.
The Yamuna Expressway Industrial Development Authority (YEIDA) held a draw on October 18, 2023, for its residential plot scheme offering 1,184 plots in Sectors 16, 17, and 20. The draw was conducted under the supervision of an allotment committee to ensure fairness and transparency.
According to Knight Frank India’s latest report, India’s top eight office markets saw a huge jump in office transactions in the third quarter of 2023. Mumbai was the most active, accounting for 20% of the total, with office space transactions amounting to 3.2m sq ft. Global corporations have been investing heavily in India, with 44% […]
India is rapidly becoming an urbanized nation, with the rate of urbanization increasing by 32% from 2013 to 2023. This is pushing the real estate industry to look for new markets with the potential to grow. A recent report from CREDAI and Cushman and Wakefield has identified 17 cities in India that have the potential […]
The Chief Minister of Sikkim, Prem Singh Tamang, has announced two housing schemes for those who lost their homes in the flash flood that ravaged the northern part of the state in October 2023. The schemes are the Puranwas Awas Yojna and the Janta Housing Colony scheme.
The report you are referring to, “Unlocking Opportunities with Infrastructure Development” by JLL-NAREDCO, predicts that housing sales in Mumbai are likely to cross Rs 1 lakh crore in 2023 and surpass Rs 2 lakh crore in 2030. This is a significant increase from the Rs 90,552 crore in sales recorded in 2022.