At the heart of these stories lies a universal truth: The pursuit of a place to call one's own, a quest as primal as the human need for shelter itself
'The introduction of Real Estate (Regulation and Development) Act (Rera) in 2016 marked a major shift, bringing transparency and accountability with mandatory project registration, buyer protection'
In cities like Meerut, where multiple infrastructure projects are underway, developers have already acquired land for future projects two to three years in advance
From property listings and transactions, to their management, and development, proptech startups are now present in various aspects of the realty sector
Last year, there was an absorption of 16.4 million square feet, one of the highest globally. In 2022, the absorption was 57.9 million sq ft, and this year is also expected to be strong
Central bank calls for diverse representation
The real estate cycle is about 7-8 years. The demand for housing is always increasing, and so is housing shortage. With the government's focus on housing, the housing finance sector will only grow
Amid increasing concern for the health of the planet, sustainability is emerging as more than just a trendy buzzword for developers
Credai-MCHI has proposed a separate affordable housing index for metropolitan cities like Mumbai, removing the Rs 45 lakh price cap and declaring all houses up to 60 sq m as affordable
Government data shows that so far, some 122,000 real estate projects have been registered under Rera, with over 121,000 consumer grievances addressed nationwide
Technology also enables home management through applications, including automation, guest access, and security. These are the key themes and trends we are seeing in terms of what people want
While prices remained stagnant (2015 to 2021), incomes rose, enhancing affordability. This bodes well for the housing sector in a country facing a shortage of 20 million houses
According to PropEquity, new launches in the affordable housing segment have fallen over the last two years in both Tier-I and Tier-II cities
Housing finance companies underscore their healthy capital positions amidst heightened investor interest in the segment
The northern region also achieved a record demand met, reaching an all-time high of 86.7 GW, while the western region also touched its maximum demand met of 74.8 GW
The national consumer helpline monthly gets 125,000 complaints
Electronics steal the show with Google entry, Apple supplier expansions
However, Super Plastronics, a Kodak brand licensee, plans to hike prices in the range of 3-5 per cent in June and another 3-5 per cent in July on its televisions
Industry also working to pump up business in Africa and Russia, regions battling geopolitical crises
In India, AI PCs could have a high impact on the PC market by bringing content and ease of accessibility in native languages