In the dynamic landscape of the real estate industry, the role of technology has undergone a revolutionary transformation. The amalgamation of real estate and technology, often referred to as PropTech, has emerged as a powerhouse driving innovation and reshaping industry practices.
In a significant move, the Noida Authority has given the green light to the draft Master Plan 2041 for New Noida, setting the stage for acquiring approximately 21,000 hectares of land. This visionary plan focuses on industrial growth within the Dadri-Noida-Ghaziabad Investment Region (DNGIR), where the development of New Noida is envisaged.
Infrastructure development and the real estate sector share a symbiotic relationship in India. The growth of infrastructure, including transportation networks, highways, airports, and metro systems, has a profound impact on the demand, value, and development of real estate in various regions. This article aims to explore the intricate interplay between infrastructure development and the real estate sector in India, highlighting successful examples of infrastructure-led real estate developments and their impact on urbanization and economic growth.
India is experiencing rapid urban transformation with people increasingly moving to urban areas and cities over the last few years. This trend will continue into the future too with the UN predicting that the country will see an addition of over 400 million people to the population by 2050, making it one of the fastest urbanizing countries in the world. The urban population in India is also expected to account for over 60% of the country’s GDP by 2030, indicating that the migration from rural to urban will be very significant. According to a report, the country’s residential sector is expected to reach a market size of $1 trillion by 2030 driven by rising incomes and urbanization. Another report states that India needs to invest $4.5 trillion in infrastructure by 2040 to keep pace with urbanization. With more people coming into cities, demand for homes and residential real estate will continue to rise. Hence, it is important to understand the impact of urbanization on real estate.
The real estate market in West Bengal is experiencing a high trend, and this includes a notable increase in luxury real estate property sales in Kolkata. In the period between January and March 2022, the number of flats sold in Kolkata reached 3,810, which is almost three times higher compared to the previous year when only 1,320 flats were sold.
The luxury real estate market in West Bengal is dynamic. From suburban to semi-urban, real estate companies are showing interest to develop luxury properties because West Bengal has a high demand for upscale real estate properties. Kolkata has significantly transformed into the most emerging real estate market.
The real estate market relies heavily on the surrounding infrastructure, including transportation systems and utilities, which greatly influence its overall performance and success. The vitality of this sector, as a crucial component of the economy, is intricately linked to the quality and accessibility of the infrastructure supporting it.
In the Indian real estate market, customer expectations play a pivotal role in shaping the industry's dynamics. Meeting and surpassing customer expectations is vital for real estate developers and professionals to build trust, establish a strong brand presence, and drive business growth. This article aims to provide a detailed overview of customer expectations in the Indian real estate market, including key factors influencing expectations and strategies to meet and exceed them.
The real estate business is one of the most important sectors of the economy, and the infrastructure that supports it is critical to its success. The infrastructure of a place can have a considerable impact on the real estate market, from liquid transportation systems that connect buyers and sellers to utilities that power homes and businesses.
Poor infrastructure can cause property values to stagnate or decline, whereas well-developed infrastructure can increase the value of real estate and drive economic growth. This is why many developers and investors value properties near high-quality infrastructure.
Housing can be significantly impacted by infrastructure in several different ways. By making it simpler to create new projects, it can increase the amount of housing available in a community. For instance, a better transportation system can make it simpler to convey employees and equipment to a construction site, as well as, building materials. This may lower the price of constructing new dwellings, increasing the overall supply of housing in the region. Property values may increase because of this rising demand, particularly in previously neglected locations. For example, a new motorway or improved public transportation system might make commuting more accessible, increasing demand for nearby homes and businesses. Also, the construction of new public areas and amenities can raise the general attractiveness of a region, in turn raising local real estate prices. In general, infrastructure development can have a big impact on the value of real estate and present opportunities for property owners and investors
Housing sales have increased by 12 per cent to 1,38,051 units during January-September period of the current calendar year from 1,23,725 units in the corresponding period of 2020 as per the recent report 'Real Insight residential Q3 2021 by PropTiger.com’, one of the leading online housing brokerage firms in the country
With more than 1.42 billion inhabitants – an increase of a billion in less than 60 years – India will overtake China to become the most populous country on Earth in less than two years. Projections by the World Bank predict the number will grow to 1.64 billion by 2050.
After being under lockdown for a year, the importance of a home is clear. Gated communities and villas are doing well, and those who can’t buy a home are buying plots. India’s organized real estate market is metro-centric. But smaller towns are suddenly in vogue.
According to a recent report by Ficci and real estate services firm CBRE, cities including Kochi, Ahmedabad, Jaipur, Chandigarh, Indore and Coimbatore will see a rise in flex office stock
National Monetisation Pipeline (NMP) unveiled: Finance Minister Nirmala Sitharaman said monetisation will create further value for infrastructure creation in the country and explore innovative ways of private participation without transfer of government ownership.
Rs 15,000 crore expected to be monetised through urban real estate; close to Rs 29,000 crore is estimated from monetising warehouses and around Rs 11,450 crore from stadiums.
“One of the decisions taken at the meeting was the reduction in transfer charges from 5 per cent to 2.5 per cent for residential land, built-up houses, shops/kiosks; the transfer charges have been fixed at a maximum of one per cent to 2.5 per cent. The decision will give a boost to the resale market in the region,” said Dhiraj Jain, Director, Mahagun Group
Real Estate Investment in 2021 has many interesting prospects. The property prices which were unchanged in the major cities have started to show some positive shifts. And the rental market is also expected to come out from a stagnant phase. so, let’s understand whether 2021 is a good time for Real Estate Investment in India. And which are the 10 Best Cities In India For Real Estate Investment in 2021
The demand for Magarpatta Cybercity has always remained strong with institutional funds and HNI investors primarily being the landlords. MYRE Capital has managed to secure the off-market opportunity and enabled retail investors to participate in the institutional-grade opportunity at a fraction of the price
When it comes to operational performance, Mumbai-based Godrej Properties, which is part of business conglomerate Godrej group, achieved highest sales bookings during the 2020-21 fiscal year, surpassing Macrotech Developers', erstwhile Lodha Developers, numbers
What does infrastructure means: Infrastructure is the general term for basic physical systems of a business, region, or nation; for instance, transportation systems, communication networks, sewage, water, and electric systems are examples of infrastructure. These systems tend to be capital intensive (capex) and high-cost investments and are vital to a country’s functioning, economic development, and prosperity. Projects related to infrastructure improvements may be funded publicly, privately, or through public-private partnerships. In economic terms infrastructure often involves the production of public goods. It is very typical to see public financing, control, supervision, or regulation of infrastructure either wholly or to a certain extent
Prestige Estates Projects acquires Ariisto Developers. On June 23, 2021, the Company has also paid an amount of Rs370cr, as the upfront cash as per the terms of the approved resolution plan
The Indian real estate sector has always remained an investor’s favourite which has shown immense resilience against the pandemic. Continuing its uphill climb against all odds, the sector continues to attract potential buyers
“The real estate sector – one of the significant contributors to India’s gross domestic product (GDP) and source of employment, remains largely unorganized and fragmented. A few reasons being paper-based land records, and organic transaction practices carried out through person-driven or word-of-mouth approaches”
Property purchase is more than arranging housing finance and putting a down payment. Rather, it’s the tip of the iceberg. Making the rightful purchase requires you to be aware of the residence’s fair valuation. Is it too overpriced? If so, then why? Will it be worth your investment?
To answer such doubts, you must first know the various factors which affect real estate value. These will help you understand if the property you want is affordable and worthwhile
Real estate represents a significant portion of most people's wealth, and this is especially true for many homeowners in the United States. According to the Survey of Consumer Finances by the Federal Reserve, 65.1% of American families owned their own primary residence in 2019
Ajmera Realty and Infra India Ltd. (BSE: 513349 & NSE: AJMERA) a leading real estate company with PAN India and International presence announced its Q4 FY 21 & FY 21 reporting strong growth numbers
It is not only pent-up demand that will push growth but the country is going through a structural transformation in housing demand. This is because of a combination of first-time homebuyers, and customers moving up the property ladder to shift to larger homes or acquiring a second home in another location, that is at play
This well-connected residential area enjoys the presence of reputed schools and hospitals, including Cambridge School and Kailash Hospital. Here are other highlights of Omega, Chi, Phi in Greater Noida that make it this week's real estate hot spot
Several functions in industries such as manufacturing, healthcare, aviation, hospitality etc. cannot be carried out from home. For the next one or two quarters, office space demand will remain muted
In terms of cost dynamics at individual companies, a variety of factors including scale of business, service/product mix, legacy of assets/real estate could be at play. Indian IT industry spends just 4.3% of operating income annually towards real estate operating expenditure
Interestingly, no prime market showed any downwards movement in prices during the October-December period of 2020, in spite of the severe pressure caused on growth, because of the pandemic
The overall trend for residential real estate remains subdued and the sustainability of this demand will depend on the ensuing economic and employment scenario where the silver lining is that the worst seems to be over
Demand forecasting is a complex exercise when it comes to real estate as homes are bought for consumption, investment and at times investment-cum-consumption. However, a broad-based analysis can definitely help chart out a trend
The office space bought by Matondkar is on the sixth floor of the building with total area of 96.61 square metres (1,039.901 square feet). According to those close to the deal, she paid Rs 36,000 per square feet.
FlyBlade India recently launched helicopter services between Mumbai and YOOVillas Helipad. YOOVillas is India’s first and only YOO-branded villa enclave.
GIC will invest in the PML subsidiaries through a mix of primary infusion and secondary purchase of equity shares
PML’s subsidiaries include Offbeat Developers Pvt Ltd, Graceworks Realty and Leisure Pvt Ltd and Vamona Developers Pvt Ltd
The design for the Ruby Flyover from Kalikapur to VIP Bazaar on EM Bypass in Kolkata is almost ready, and the construction work on the stretch would begin soon. The tallest flyover in the city, Ruby Flyover would comprise six lanes and would be available for public use in three years.
India’s first Bullet Train planned between Mumbai and Ahmedabad may face up to five years delay amid the COVID-19 crisis. The train was slated to begin operations in 2023.
The 62 km-long Outer Ring Road (ORR) in Chennai would be finally available for public use in November 2020 as the stretch between Nemilichery and Minjur is on the verge of completion.
The Phase 1 extension of the Chennai Metro from Washermenpet to Wimco Nagar is expected to become operational by the end of January 2021. The stretch will be opened once all the safety clearances are obtained from the authorities.
The NAHB/Wells Fargo Housing Market Index (HMI) rose five points to an all-time high of 83 this month, data showed on Wednesday. A reading above 50 indicates that more builders view conditions as good than poor.
"The conditions these families were compelled to live in were just horrendous, said Gregory Leyh, the tenants' lawyer. "The court used the phrase 'outrageous and reprehensible,' which I think is really an apt phrase."
The Teranet-National Bank Composite House Price Index, which tracks data collected from public land registries to measure changes for repeat sales of single-family homes, showed prices were up 0.6% in August from July.
As in many other countries, the crisis has hit people in the pocket - some have lost jobs, others have seen their wages fall, and businesses have encountered difficulties.
Moving debt off books by setting up ventures with other developers to purchase land is already common practice and will intensify, said the sources, declining to be identified due to the sensitivity of the matter.
Already behind schedule, two Namma Metro corridors are likely to miss their deadlines yet again. This time, the delay is being attributed to the lockdown-induced exodus of migrant workers from Bengaluru.
The elevated Metro corridor will now run along the periphery of Airport land parallel to VIP Road before it goes underground to reach the station where it will have an interface with Noapara-Airport Metro.
The notification issued under section 19 (1) of the Land Acquisition Act on July 11, also paves way for compensation to the people affected by the greenfield project.
The HMDA had proposed the scheme in three village around Hyderabad for around 2,000 acres but has received consent for only 100 acres that too in only one village, Pratap Singaram.
A team of the enforcement wing, led by district town planner RS Batth, carried out the demolition drive in the presence of police on Sohna road and Bhondsi.
Only the inhabited portion of the village where people have built residential properties would be covered under the Samitva scheme for preparing a comprehensive database of the residential clusters.
MCG plans to lay sewer and water pipelines and construct water supply boosting stations after the takeover. Officials said none of these villages have organised sewerage.
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notices to the ministries of Home Affairs, Defence and Civil Aviation, Delhi Cantonment Board (DCB) and Airport Authority of India (AAI) seeking their stand by August 12.
The detailed project report (DPR) of the two corridors, that was sent to the state government earlier, will now be forwarded to the state finance department for approval.
