Housing

It would take the government another five years to construct all houses sanctioned under Pradhan Mantri Awas Yojana (urban).

Furthermore, the surge in the housing sales in India has not been accompanied by a sharp rise in prices so far, it added

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Tata Housing plans to invest around Rs 1,200 crore over the next two years to acquire land outright and through joint ventures across major cities to develop group housing projects

Housing sales increased by 7 per cent year-on-year to 70,623 units during January-March across eight major cities on better demand driven by very low-interest rates on home loans

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The decision was taken during a meeting via video-conferencing, held under the chairmanship of Lt Governor Anil Baijal, who is also the chairman of Delhi Development Authority (DDA).

The Indian real estate sector is expected to account for 13% of India's GDP by 2025, according to NITI Aayog, the official public policy advisory to New Delhi.

Registration of homes in the Mumbai municipal region fell 4 per cent year-on-year to 9,805 units in February this year, according to a property consultant.

Registration of homes in Mumbai Metropolitan Region rose 53 per cent last year to 2.42 lakh units, driven by stamp duty reduction by the Maharashtra government and low interest rates on home loans

The Maharashtra cabinet on Wednesday approved the state government's decision to waive property tax on houses upto 500 sq ft in Mumbai.

DLF is developing this project in partnership with Singapore sovereign wealth fund GIC

Among others, vehicle financiers are expected to post sequential growth

The demand fell short of pre-Covid levels

Ahmedabad is the most affordable housing market among eight major cities while Mumbai is unaffordable due to high EMI to total income ratio, according to Knight Frank.

Housing sales are likely to reach pre-Covid level in the next year while rates may appreciate by 5-10% during 2022, according to property consultant Anarock.

Registration of housing properties in Mumbai municipal region fell by 18% in November to 7,582 units, but numbers during January-November jumped over twofold to 102,232 units

In the pre-demonetisation period, new supply outstripped housing sales - whereas, in the post-demonetisation period, housing sales overtook new supply in the top 7 cities

The apartment on the Peak, a luxury residential area on Hong Kong Island, came with three parking spaces and is measured at 4,544 square feet

Driven by pent-up and deferred demand, India's online furniture and home market is geared up to reach $40 billion in the next five years, a new report showed