Gross leasing of office space hit an all-time high of 48.1 million sq ft in 2018 across eight major cities on higher demand from domestic and global corporates as well as co-working operators, according to property consultant Cushman & Wakefield.
At a time when big builders in India are floundering with orders, many taken to courts by harassed consumers, Wave Estate, a subsidiary of the Noida-based Wave Group, has rolled out freshly constructed homes in Mohali.
The Goods and Services Tax (GST) Council on Thursday constituted a seven-member group of ministers (GoM) to look into the issues of GST rates for the real estate sector, Finance Minister Arun Jaitley said.
The sale of residential units across eight major cities in the country increased by 6 per cent in 2018 to 2.42 lakh units, a Knight Frank report said on Tuesday.
Realty major Mahindra Lifespace Developers Ltd. (MLDL) and Maharashtra government on Thursday signed an agreement to develop Murud as an eco-friendly global tourist destination, an official said here.
Strong order inflow in the last couple of years and a huge pipeline of projects to be awarded in the infrastructure segment, has led rating agency Icra to give a stable outlook to the construction sector.
Institutional investments in real estate doubled to USD 20 billion during 2014-18 compared to the previous five years, driven by reforms like a law to regulate the sector and relaxation in FDI norms, according to JLL India.
Realty portal Magicbricks said it will keep investing on bringing more property sellers online as it continues to add around 60,000 properties on its platform on a daily basis.
Housing sales are estimated to rise by 16 per cent this year at 2.45 lakh units in seven major cities on better demand for affordable homes, property consultant Anarock said in a report.