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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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14 Oct22

Institutional investments in Indian real estate touch $3.6 billion in Jan-Sep.

Institutional investments in Delhi-NCR's real estate market jumped 2.5 fold year-on-year to USD 754 million during January-September. The total investments in Indian real estate rose 18 per cent to USD 3.6 billion during January-September this year, from 3.03 billion in the corresponding period of the previous year. The inflows were driven by the office sector that accounted for 50 per cent share.  As per the data, Delhi-NCR attracted institutional investments worth USD 754 million

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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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23 Aug22

Homebuyers body requests CM Mamata Banerjee to implement RERA laws in West Bengal

Forum for People’s Collective Efforts (FPCE) has written a letter to West Bengal Chief Minister Mamata Banerjee, to take necessary steps to make real estate law RERA functional in the state within one month. FPCE, homebuyers that played an important role in enactment and implementation of RERA, expressed concern over real estate law RERA still being non-functional in West Bengal, leaving buyers at the mercy of builders. FPCE President Abhay Upadhyay, who is also a member of central

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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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05 Aug22

Repo Rate Hike: How will homebuyers get impacted and what should they do?

The RBI increased the repo rate — the rate at which the central bank of the country lends funds to the commercial banks — by 50 basis points (bps) to 5.40 per cent in its bi-monthly policy meeting today. The decision is going to impact a large number of home loan borrowers and impact the prospective borrowers who are planning to buy a new house. Here is how the repo rate influences the home loan rates Every time a home loan is taken, the first thing that comes to mind is the

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