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Housing

India's student housing market expected to expand as demand rises

Student enrolment in higher education was 43.3 million in 2021-22, increasing 26.5 per cent from 34.2 million in 2014-15, according to data from the Ministry of Education

India's student housing market expected to expand as demand rises
Updated On : 05 Feb 2025 | 4:30 PM IST

Increased spending on housing projects will drive demand: Cement makers

Increased spending on large-scale housing and infrastructure projects announced in the Budget by the finance minister Nirmala Sitharaman will drive demand for construction materials, and allow capacity expansion, said cement makers. The Budget presents a vision for India's economic growth emphasising rural and urban development, increased infrastructure investment, employment-led growth and strategic investments, said the Cement Manufacturers' Association (CMA) welcoming the Union Budget. "The focus on increased investments on infrastructure across states amplifies opportunities and avenues for the growth of the cement sector. We appreciate the sustained core focus on infrastructure and reiterate our commitment to being partners in the Nation's progress," said CMA President Neeraj Akhoury. Moreover, the government's push on large-scale housing and infrastructure projects will drive demand for construction materials and help in capacity expansion, he said. "We are certain that despi

Increased spending on housing projects will drive demand: Cement makers
Updated On : 01 Feb 2025 | 8:39 PM IST

SWAMIH boosts affordable housing, fund of Rs 15,000 cr to be established

Under the SWAMIH Fund, 50,000 dwelling units in stressed housing projects have been completed, and keys handed over to homebuyers

SWAMIH boosts affordable housing, fund of Rs 15,000 cr to be established
Updated On : 01 Feb 2025 | 3:51 PM IST

Demand for affordable housing strong despite supply challenges: Experts

In India, today, 95 per cent of housing loan requirements come from economically weaker sections (EWS) and low-income groups (LIG) who can't afford a house

Demand for affordable housing strong despite supply challenges: Experts
Updated On : 31 Jan 2025 | 1:31 AM IST

Housing prices to moderate at 3-4% in FY26 on high base effect: Ind-Ra

Housing prices are likely to rise 3-4 per cent next fiscal on high base effect and better supply, according to India Ratings and Research (Ind-Ra). The rating agency expects the housing price rise to taper in the 2025-26 financial year. Ind-Ra expects property prices to increase 5-6 per cent year-on-year (YoY) in 2024-25 fiscal, then moderate to 3-4 per cent YoY for 2025-26, due to base effects and new launches. Prices surged 21 per cent YoY in 2023-24 with old stock cleared and existing inventory largely liquidated, the agency said. Ind-Ra has maintained a neutral outlook for the residential real estate sector for the next fiscal. "Growth in bookings is likely to reduce significantly due to the high base, high prices and a likely slowdown in the luxury segment," it said. The residential real estate market is expected to register a strong performance in 2024-25, where the sales growth will be around 17 per cent YoY in terms of area sold (square feet of area sold) and around 15 pe

Housing prices to moderate at 3-4% in FY26 on high base effect: Ind-Ra
Updated On : 28 Jan 2025 | 7:32 PM IST

Affordable housing crisis pushes Spain to plan 100% tax on non-EU buyers

Spain is planning a raft of measures to address its brewing housing crisis, including an up to 100 per cent tax on properties that non-European Union residents buy. Spanish Prime Minister Pedro Sanchez announced the plan this week which will tackle housing affordability and high rents in the Southern European nation. He said the overall goal was to provide more housing, better regulation and greater aid. However, it remains unclear if the plan put forth by Snchez's minority coalition would pass in Parliament. Here's a look at what's happening: Spain's housing affordability crisis Like most rich countries, Spain is in the throes of a growing housing affordability problem. Skyrocketing rents are particularly acute in cities like Barcelona and Madrid, where incomes have failed to keep up, especially for young people. Housing prices are also steadily rising, especially in cities and coastal areas. Rental prices have also been driven up by short-term rentals mainly offered for tourist

Affordable housing crisis pushes Spain to plan 100% tax on non-EU buyers
Updated On : 14 Jan 2025 | 6:42 PM IST

Land deals rose to over 2,200 acres, mainly for housing projects: CBRE

Indian real estate sector saw more land deals in 2024 at over 2,200 acres as developers were looking to expand the business, according to CBRE. Real estate consultant CBRE data showed that land deals of more than 2,200 acres last year as against about 1,900 acres in the preceding year. Out of the total land transactions in 2024, around 2,000 acres were located in the eight major cities -- Delhi-NCR, Bengaluru, Mumbai, Chennai, Pune, Hyderabad, Kolkata and Ahmedabad. Nearly 1,200 acres of land are meant for residential projects, around 580 acres for industrial & warehousing parks and 200 acres for data centres. Anshuman Magazine, Chairman & CEO - India, South-East Asia, Middle East & Africa, CBRE, said, "The significant growth in land deals across diverse asset classes highlights strong investor confidence in India's real estate market." The residential segment is booming due to rising urbanisation, favourable policies, and increased affordability, he ...

Land deals rose to over 2,200 acres, mainly for housing projects: CBRE
Updated On : 13 Jan 2025 | 2:30 PM IST

Industry leaders seek affordable housing, duty relief at pre-Budget meet

The housing and infrastructure sectors were represented by leaders such as Hiranandani Group, Afcons, L&T, and GMR Group

Industry leaders seek affordable housing, duty relief at pre-Budget meet
Updated On : 06 Jan 2025 | 11:21 PM IST

HUA ministry focussed on metro expansion, affordable housing in 2024

The expansion of the metro rail network, installation of 84,000 CCTV cameras, development of over 700 km of cycle tracks, and construction of 88 lakh houses in cities were key focus areas for the Union Housing and Urban Affairs Ministry in 2024. Besides, the ministry launched several initiatives under the Smart Cities Mission (SCS), Swachh Bharat Mission and the Atal Mission for Rejuvenation and Urban Transformation (AMRUT) -- flagship programs of the Narendra Modi government. As of November 15, 13 out of 100 smart cities have successfully completed all their projects, while 48 cities have achieved over 90 per cent completion. Over 84,000 CCTV surveillance cameras have been installed, and 713 km of cycle tracks have been developed across the 100 smart cities so far. According to the ministry, 23 smart cities have completed more than 75 per cent of their projects, and 714 ongoing projects, totalling Rs 17,303 crore, are currently in the implementation phase. Recently, Union Ministe

HUA ministry focussed on metro expansion, affordable housing in 2024
Updated On : 01 Jan 2025 | 1:53 PM IST

India's housing market in de-growth phase, pins hopes on upcoming Budget

New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions -- a key to reviving demand conditions. The de-growth in the Indian housing market came after three straight years of stellar growth, following the COVID-era downturn, and was attributed in part to a high base in the previous year, a fall in supply of new homes and price appreciation. Anuj Puri, Chairman of Anarock, one of the leading housing brokerage firms in the country, termed the year 2024 as a "mixed bag" for the Indian residential market and noted that, while demand for the affordable housing segment was weak, sales and launches of luxury homes remained strong. India's residential real estate market, estimated to be valued at over USD 300 billion, faced a marginal 4 per cent drop in sales volumes during 2024, ...

India's housing market in de-growth phase, pins hopes on upcoming Budget
Updated On : 30 Dec 2024 | 2:44 PM IST

Housing supply up 44% in Delhi-NCR this year to 53,000 units: Anarock

The Delhi-NCR housing market witnessed a 44 per cent growth in new supply this year to 53,000 units, of which nearly 60 per cent were ultra-luxury homes priced above Rs 2.5 crore each, according to Anarock. The number of new launches of residential properties stood at 36,735 units during 2023. Real estate consultant Anarock has released the data of primary (first sale) housing market for 2024 of India's seven major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Chennai, Hyderabad, and Kolkata. As per the Anarock data, Delhi-NCR launched 53,000 new housing units in 2024 -- a significant 44 per cent rise over 2023. "Over 59 per cent of the new supply was in the ultra-luxury segment priced more than Rs 2.5 crore," it said. According to the data, housing sales in Delhi-NCR declined 6 per cent to 61,900 units in 2024 from 65,625 units in the preceding year. Overall, these seven cities saw a 7 per cent decline in launches to 4,12,520 during 2024 from 4,45,770 u

Housing supply up 44% in Delhi-NCR this year to 53,000 units: Anarock
Updated On : 29 Dec 2024 | 2:11 PM IST

Housing shortage to reach 31.2 mn units by 2030: CII-Knight Frank report

India is estimated to have a cumulative affordable housing shortage of 31.2 million units by 2030 with a potential market size of Rs 67 trillion, according to a joint report by CII and Knight Frank. Industry body CII and real estate consultant Knight Frank India on Wednesday released a joint report 'Affordable Housing in India' at a conference here, pointing out that there is already an existing shortage of 10.1 million units. Addressing the event, Ghulam Zia, Senior Executive Director, Research, Advisory, Infrastructure & Valuation at Knight Frank India, pointed out the shortage of affordable housing in India, presenting a huge business opportunity for real estate developers. "The cumulative Affordable housing shortage in India is projected to reach 31.2 million by 2030, with the market size estimated at Rs 67 trillion," he said. The affordable housing segment also could provide a lot of opportunities for financial institutions. "Based on the assumption of a 77 per cent loan ...

Housing shortage to reach 31.2 mn units by 2030: CII-Knight Frank report
Updated On : 04 Dec 2024 | 11:51 AM IST

Top Indian cities report about 1 million unsold housing units: Study

The new housing supply during Q3 2024 declined by 19 per cent YoY

Top Indian cities report about 1 million unsold housing units: Study
Updated On : 03 Dec 2024 | 12:42 AM IST

Rs 200 cr of homebuyer's compensation recovered from realtors: MahaRERA

The Maharashtra Real Estate Regulatory Authority (MahaRERA) on Monday said it has recovered over Rs 200 crore from developers to compensate homebuyers for their losses. The authority also outlined plans to further intensify its recovery efforts. The real estate watchdog said it has issued 1,163 warrants for recovering Rs 705.62 crore across the state and has made developers cough up Rs 200.23 crore from 283 warrants involving 139 real estate projects, as per an official statement. Over Rs 378 crore of the recoveries are due from Mumbai suburban and Pune alone, the statement said, adding that specific efforts are being undertaken to expedite the same like appointing retired Tahsildars (revenue officials) in the offices of the district collectorates in Mumbai suburban and Pune. Of the Rs 200 crore in recoveries, Mumbai city contributed Rs 46.47 crore in recoveries involving 22 warrants in 13 projects, Rs 76.33 crore came from 85 warrants in 42 projects in Mumbai suburban and Rs 39.10

Rs 200 cr of homebuyer's compensation recovered from realtors: MahaRERA
Updated On : 02 Dec 2024 | 2:37 PM IST

Gaurs Group to invest Rs 750 cr on new housing project in Greater Noida

Realty firm Gaurs Group will invest about Rs 750 crore to develop a luxury housing project in Greater Noida to expand its business amid strong demand for residential properties. Gaurs Group Chairman and Managing Director (CMD) Manoj Gaur said the company will develop around 250 units in this new housing project. "We will soon be launching a new housing project in Greater Noida. The project will have 12 lakh square feet of developable area," he told PTI. Asked about project cost, Gaur said it will be around Rs 750 crore, including land and construction costs. The company had bought this land located at Jaypee Greens in Greater Noida from banks. Gaurs Group is already developing one project at the same location. Gaur, who is also Chairman of realtors' apex body CREDAI, said the demand in Noida and Greater Noida remains strong, and there is a lack of adequate supply. Last month, Gaurs Group said it would develop a 17-acre commercial project in Noida with an investment of Rs 4,000 cr

Gaurs Group to invest Rs 750 cr on new housing project in Greater Noida
Updated On : 27 Nov 2024 | 2:55 PM IST

Signature Global to launch housing projects worth Rs 50K cr in next 3yrs

Realty firm Signature Global Ltd plans to launch multiple housing projects worth Rs 50,000 crore in Delhi-NCR over the next three years as part of its expansion plan amid strong consumer demand. Signature Global, listed on stock exchanges, is one of the leading real estate firms in the country. It sold properties worth Rs 7,200 crore last fiscal and is targeting to sell Rs 10,000 crore this fiscal. In an interview with PTI, Signature Global Chairman Pradeep Aggarwal noted that housing demand continues to be strong in Gurugram, and the company would keep expanding its presence by launching more projects and acquiring new land parcels. "We have a strong launch pipeline. We are targeting to launch projects worth Rs 50,000 crore over the next three years," he said. The company has already acquired land in Gurugram and adjoining areas to launch multiple projects, Aggarwal noted. "We gave guidance to launch Rs 16,000 crore worth of projects during the current fiscal year. We achieved Rs

Signature Global to launch housing projects worth Rs 50K cr in next 3yrs
Updated On : 23 Nov 2024 | 2:18 PM IST

CFPB's open banking rules for consumer data unveiled by US watchdog

Republican chair of the US House Financial Services Committee Patrick McHenry welcomed the announcement, calling for Congress to codify the new rule's protections into law

CFPB's open banking rules for consumer data unveiled by US watchdog
Updated On : 23 Oct 2024 | 10:07 AM IST

Housing sales in 30 major tier II cities down 13% in Jul-Sep: PropEquity

Housing sales across 30 major tier-II cities fell 13 per cent to 41,871 units during July-September period on higher base effect and drop in new supply, according to PropEquity. Data analytic firm PropEquity, which is part of listed entity P E Analytics Ltd, on Monday released the housing report of top 30 tier II cities. Sales in top 30 tier-II cities have fallen by 13 per cent in July-September quarter of 2024 while new launches have declined by 34 per cent. Housing sales fell to 41,871 units in the third quarter of 2024 calendar year as against 47,985 units in the same period last year. Launches (new supply) fell to 28,980 units in July-September quarter of 2024 from 43,748 units in the same period last year. The west zone comprising Ahmedabad, Vadodara, Gandhinagar, Surat, Goa, Nashik and Nagpur, contributed 72 per cent to the total sales. Commenting on the data, Samir Jasuja, CEO & Founder, PropEquity said, "The decline in sales and launches is on account of higher base effec

Housing sales in 30 major tier II cities down 13% in Jul-Sep: PropEquity
Updated On : 21 Oct 2024 | 2:38 PM IST

Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project

Realty firm Godrej Properties Ltd (GPL) has acquired around 3 acres of land in Vastrapur, Ahmedabad to develop a housing project having an estimated sales of Rs 1,300 crore. The company did not disclose the deal value and the name of the seller. "The development on this land is estimated to have a potential of ~0.9 million square feet of saleable area comprising primarily of premium residential apartments of various configurations with an estimated booking value of about Rs 1,300 crore," Godrej Properties said in a regulatory filing. Gaurav Pandey, MD & CEO, Godrej Properties, said, "We are happy to add our second project in Ahmedabad. This will further strengthen our presence in Ahmedabad and complement our strategy of deepening our presence in key micro-markets across India's leading cities." Earlier this month, Godrej Properties won bids to acquire 3 adjoining plots totalling 6.5 acres in Mumbai Metropolitan Region (MMR) to develop a housing project with a revenue potential of .

Godrej acquires 3-acre land in Ahmedabad for Rs 1,300 cr housing project
Updated On : 21 Oct 2024 | 11:56 AM IST

ATS Homekraft to develop housing project on Dwarka Expressway, Gurugram

Realty firm ATS Homekraft will invest Rs 1,300 crore to develop a luxury housing project on Dwarka Expressway, Gurugram as part of its expansion plan amid strong demand for residential properties. ATS Homekraft, a flagship company of ATS group, has launched a premium residential project 'Sanctuary 105', which is spread over 13 acres and comprises around 700 apartments. The company has sold around 340 luxury homes in the first phase of this new project for Rs 825 crore. Udaivir Anand, Managing Director of ATS Homekraft, said the company has launched a new luxury housing project at an affordable rate to target end-users and first-time homebuyers. Anand said the company will develop a total of around 750 apartments in this project, which has a built up area of 23 lakh square feet and a saleable area of over 16 lakh square feet. Asked about investment, he said the project cost is about Rs 1,300 crore including land. The investment will be met through internal accruals. Post-COVID, A

ATS Homekraft to develop housing project on Dwarka Expressway, Gurugram
Updated On : 18 Oct 2024 | 1:20 PM IST