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India’s Wealthy Lead the Charge in Real Estate and Luxury Spending

Indian Affluence Defies Global Economic ChallengesIndian millionaires are emerging as some of the most prominent global consumers, confidently investing in luxury real estate and high-end goods. Despite global economic instability, they remain optimistic about their financial futures, according to HSBC’s Global Entrepreneurial Wealth Report 2024. The report reveals a striking trend of faith in domestic […]

Manufacturing Boosts Warehousing Demand as Q3 2024 Leasing Soars to 14.65 Mn Sq Ft

Indian Market Attracts $1.5 Billion Investment in First Nine Months of 2024 The Indian warehousing sector witnessed robust growth in Q3 2024, with leasing volumes hitting 14.65 million square feet (mn sq ft) across eight key markets, according to Knight Frank India’s India Warehousing Market Report – Q3 2024. This marked a 20% year-on-year (YoY) […]

India’s Residential Real Estate Poised for Affordability Shift in 2025

Projected Rate Cuts and Income Growth to Enhance Homeownership Prospects The Indian residential real estate market is set for a significant transformation as affordability levels across major cities are predicted to improve by 2025. This shift is largely driven by anticipated interest rate cuts, sustained income growth, and moderating price increases, according to the latest […]

Signature Global Breaks Records with ₹2,300 Crore Sales in Just 10 Days

Massive Success for Daxin VistasSignature Global (India) Ltd., a leading name in Indian real estate, has achieved unprecedented success with its recently launched project, Daxin Vistas. In just 10 days, the company recorded sales worth ₹2,300 crore. This milestone was disclosed during the company’s Q2FY25 earnings call. “We crossed ₹2,300 crore of sales between September […]

CREDAI Calls for Bold Tax Reforms to Ignite Housing Demand

Realtors Push for Affordable Housing Redefinition and GST Reduction CREDAI, the Confederation of Real Estate Developers’ Associations of India, has urged the government to introduce transformative tax reforms to boost demand for affordable and mid-income housing. At a press conference held during the organization’s 25th foundation day celebration, CREDAI proposed measures including a 100% deduction […]

Massive ₹500 Crore Real Estate Fraud: ED Raids Builder Premises in Gurugram

Uncovering Allegations of Financial Misconduct Gurugram: In a significant crackdown, the Enforcement Directorate (ED) on Monday conducted raids at multiple locations linked to prominent real estate companies, including Oris Infrastructure Private Limited, Greenbay Infrastructure Private Limited, and Three C Shelter Private Limited. The raids were carried out in connection with allegations of a massive ₹500 […]

New Noida: The Future City with World-Class Amenities Taking Shape Near NCR

Introduction to New NoidaThe ambitious project to build a new city in the National Capital Region (NCR) is gaining momentum. Named “New Noida,” this urban marvel is being developed adjacent to Greater Noida, encompassing several villages from Gautam Buddha Nagar and Bulandshahr districts. Designed to match the standards of Singapore, the city aims to address […]

FII Strategy Falters: “Sell India, Buy China” Backfires

Global financial markets are witnessing a dramatic turn of events as the Foreign Institutional Investors (FII) strategy of “Sell India, Buy China” fails to deliver. This approach, aimed at leveraging China’s economic incentives for higher returns, has backfired, leaving investors disappointed and awaiting a potential shift back to India. Chinese Markets Plummet Amid Weak Earnings […]

Signature Global Plans Rs 50,000-Crore Housing Projects in Delhi-NCR

Ambitious Expansion Backed by Strong Consumer Demand Realty major Signature Global Ltd, a prominent player in the real estate sector, has unveiled ambitious plans to launch housing projects worth Rs 50,000 crore across the Delhi-NCR region over the next three years. The move comes as the company seeks to capitalize on robust consumer demand and […]

BMC’s Bold Step: Property Tax Defaulters Face Seizure and Auction Notices

BMC’s Bold Step: Property Tax Defaulters Face Seizure and Auction Notices

Mumbai’s Defaulters on AlertMumbai: The Brihanmumbai Municipal Corporation (BMC) has taken a strict stance against property tax defaulters, issuing seizure notices under Section 203 to those who fail to pay their dues within the stipulated timeline. If the pending taxes are not cleared within the deadline, BMC will confiscate the properties and auction them under […]