As we step into 2024, the Indian real estate sector finds itself at the threshold of a significant transformation, driven by dynamic market shifts, policy adjustments, and the ongoing recovery from the global pandemic. Industry insiders foresee a landscape shaped by resilience, sustainability, and technological innovation
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Highlighting the significance of these vehicles, the CM emphasised their role in enhancing the municipal corporation's waste management initiatives. He reiterated the state government's commitment to ongoing efforts aimed at ensuring cleanliness throughout Uttarakhand
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In the face of obstacles such as rising property prices and initial home loan interest rate hikes in the early part of the year, the real estate sector saw a substantial uptick in 2023, with around 4,76,530 units sold. This reflects a noteworthy 31% year-on-year increase compared to the 3,64,870 units sold in 2022
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The demand for luxury apartments, particularly in the INR 1-2 crore bracket and above, is expected to surge in 2024. The report notes a remarkable 7.5 times increase in online property search volume year-over-year in 2023 for this segment
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Bengaluru experienced a remarkable 58 per cent rise, reaching 5.5 million square feet during October-December 2023 compared to 3.5 million square feet in the same period the previous year
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With a 32-year loan maturity and a 7-year grace period, this programme aims to fortify cities against climate challenges like floods and droughts, crucial for the state's urbanised landscape
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Under the 'Ten Cities Development Concept,' special attention will be given to the digitisation of municipal services, strengthening financial infrastructure, and optimising manpower in the selected cities
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As part of a recently launched scheme by YEIDA, interested parties can submit applications for plot acquisition until 1 January 2024. The e-auction process is slated for completion by 29 February 2024. These plots, strategically located near Jewar Airport, will be allotted on a leasehold basis for a duration of 90 years under the scheme
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