Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 1.38 lakh units this year on lower demand because of the COVID-19 pandemic, according to property consultant Anarock. New housing supply, too, is likely to fall 46 per cent to 1.28 lakh units in 2020 in seve... Read more...
Max Estates, a subsidiary of Max Ventures & Industries Ltd. (MaxVIL), announced leasing of approximately 62,500 sq ft. at its Iconic Max Towers in Noida to Yes Bank, which plans to relocate its offices from the Central Business District to the new location as part of its exercise to rationalize ... Read more...
Somany Home Innovation Limited, has expanded its Internet of Things (IoT) product portfolio with addition of futuristic, intelligent, and connected home appliances – Elara iPro Water purifier and Hindware Agnis iPro Air purifier. All IOT enabled smart Hindware appliances can be seamlessly manag... Read more...
Despite a fall in household income in 2020, Kolkata is the most affordable market this year for buying a property, compared to six other major cities across the country, according the JLL Home Purchase Affordability Index (JLL HPAI). Mumbai continued to be the only market below the affordability ... Read more...
Delhi-NCR reported a noticeable improvement in property enquiries and sales in the Jul-Sep 2020 quarter, as against April-June 2020 when the nationwide lockdown marred activities in the real estate market. Overall, the quarter closed with transactions numbering at around 3,100 units. While sales ... Read more...
The pandemic has made luxury buyers crave for the best when it comes to their homes as the idea of health and safety has kicked in. As per various reports, housing units priced above between Rs 80 lakh and Rs 1.25 crore are the most inquired ones, especially in Delhi NCR. Also, around 80% of housing... Read more...
Realty firm Mahindra Lifespace Developers Ltd reported a consolidated net loss of Rs 223.9 crore for the quarter ended March due to lower income and provisioning of loss in a joint venture project in Delhi-NCR. The company had posted a net profit of Rs 31.27 crore in the year-ago period, according t... Read more...
Though the government has allowed the resumption of construction activities at non-COVID hotspots of the district, developers say nothing has actually moved on the ground as only about 30 projects have managed to commence work and that too with a thin labour force. In the 250 real estate projects... Read more...
Mumbai and Delhi - two metropolises that drive India’s economy and politics, but have little in common. There are several differences in the real estate profiles of NCR (National Capital Region) and Mumbai Metropolitan Region (MMR) that are as distinct as the cities themselves. While Mumbai sco... Read more...
Realty players say that Southern Peripheral Road (SPR) has emerged as a posh locality with a mix of residential and commercial properties. A crucial link between Faridabad-Gurgaon road, Golf Course Extension Road and Delhi-Gurgaon Expressway, SPR is an emerging realty hotspot in New Gurugram. Positi... Read more...