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News Updates

16 Jan23

India’s housing market hit a 9year high in 2022

The year 2022 saw the demand for apartment in India increase by 34% reach a nine-year-high in a trend driven primarily by a post-pandemic need for security, increased savings and income disruption for middle- and higher-income groups, according to a new report. The report says house sales stood at 312,666 units in 2022, adding that the growth was particularly noticeable in the higher-income segments. For comparison, the sales in 2021 stood at 2,32,903 units, according to the report. Also shows

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23 Nov22

Kolkata Records Highest Residential Registrations Oct 2022

Stamp duty and Circle rate relaxation has boded well with Kolkata as the city recorded significant sales volume in October 2022. The Kolkata Metropolitan Area expects the ongoing homebuying momentum to continue. Read on to know more about the city’s realty performance in October 2022. Ongoing relaxations have led to an improvement in registrations across Kolkata. The city has witnessed highest property registrations this year in October 2022, and the second-highest since the relaxations

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21 Oct22

Diwali: Good time to Invest in Real Estate Sector

Diwali is an auspicious celebration that is rooted deeply in the rich cultural tradition of our country. The festival brings with it lots of hopes for new happiness and beginnings. Many people prefer buying property during this time of year since it symbolises wealth and progress.  The festive season brings appraisals, bonuses, and other workplace benefits, leaving property buyers with extra money to spend on their dream homes. Here are some reasons why buying property during Diwali is

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17 Oct22

Why Buying a Property During Dhanteras?

Dhanteras is a Hindu festival celebrated for the Goddess of wealth, Laxmi and Dhanvantari. According to Hindu mythology, anything, including properties like cars, gold, lands and other properties, reaps rich benefits. The word Dhanteras is derived from the Hindi word where “Dhan”, which stands for Wealth, and “Teras” refers to the 13th day of Krishna Paksha, of the lunar month Kartik. What Happens on Dhanteras? On this day of Dhanteras, individuals thoroughly clean

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26 Sep22

Reasons to Buy a Property During Navratri 2022

Navratri is celebrated with nine days of divine power devoted to the manifestations of the idol Durga. There has never been a better time to buy a apartment. Real estate purchases during Navratri are considered highly auspicious and give more value for your money. What is Navratri? Navratri is a Sanskrit word meaning ‘nine nights’.It is a Hindu festival dedicated to Goddess Maa Durga and her nine incarnations. According to the auspicious calendar, these nine days are the best time

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16 Sep22

7-point homebuyer’s checklist for 2022

After several years of tardy growth, a surge in demand for residential property has led to a smart uptick in real estate prices across the country. Delhi NCR saw the biggest jump in prices, with prices in Noida Extension and Greater Noida shooting up smartly (see chart). Despite the sharp rise, prices are still within reach in these micro markets. A 2-BHK house measuring 800 sq ft would cost roughly Rs.34-38 lakh, which makes the property affordable for the middleincome group. In Ahmedabad,

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07 Sep22

India house price index goes up by 3.5% in Q1 of 2022-23

During the first quarter of 2022-23, the pricing index for homes in India went up by 3.5 per cent year-on-year, data released by the RBI showed. It is based on transaction-level data obtained from the housing registration authorities in 10 major cities in the country. The cities are: Ahmedabad, Bengaluru, Chennai, Delhi, Jaipur, Kanpur, Kochi, Kolkata, Lucknow, and Mumbai. Large-scale variance was observed in the year-on-year movement of the index across the country's cities and regions, RBI

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16 Aug22

Real Estate Regulatory Authority Increasing transparency in real estate sector

India’s real estate sector has come a long way in the past few decades. From a largely unorganized and unregulated sector, it has become one of the largest and most resilient real estate industries in the world. Today it is one of the most significant contributors to the country’s GDP. It also employs one of the highest numbers of unskilled and semi-skilled labourers. However, the real estate sector in the country has had a fair share of ups and downs during this period. There were

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08 Aug22

Reason Why Home-Buyers More Interested in Buying a Flat in New Town

Kolkata’s real estate market is witnessing a speedy transformation. The city’s property market, coming out from the stagnation post demonetization and GST, has gained much momentum in recent times. With the apprehension about GST getting cleared, New Town is gradually receiving increased buyers’ interest in recent months. Affordability Is the Key For Buying A Flat in New Town Pricing and value are always the primary concerns while looking for flats for sale in New Town

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26 Jul22

Chinese property stocks rally on $44bn bailout hopes

China will set up a real estate fund to help developers resolve a crippling debt crisis, aiming for a warchest of up to 300 billion yuan ($44.4 billion), according to a state bank official with direct knowledge of the matter. The size of the fund would initially be set at 80 billion yuan through support from China Construction Bank and the People's Bank of China (PBOC), the person, who declined to be identified due to the sensitivity of the matter. The source said the fund will be used to

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