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Construction Costs Surge in 2024 with Labor as Key Driver

Labor Costs Push Construction Expenses Higher as Key Material Prices Stabilize Gurugram, 14 November 2024 — The average cost of construction has surged up to 11% over the past year across India’s real estate sectors, mainly driven by rising labor expenses and a moderate increase in the cost of essential materials like sand, bricks, glass, […]

“Job Market Boom to Fuel Real Estate Demand: Rising High-Paying Jobs Set to Drive Housing Growth in India”

Rising employment opportunities in India are set to provide a significant boost to the real estate sector, as an expanding job market—especially in high-paying tech and advanced sectors—fuels a demand surge for housing. According to a recent report by ServiceNow, India’s workforce is expected to grow by 33.89 million by 2028, with emerging technologies like […]

India’s Office Space Market in 2024: Growth, Trends, and City-Wise Analysis

India’s Office Space Sector Sees Steady Growth in Demand and Supply India’s office space market witnessed substantial growth in both occupancy and supply in the first half of 2024. Cumulative occupancy across major cities rose by approximately 7.3% from H1 2023 to H1 2024, with supply increasing by 6.4%. As a result, vacancy rates decreased […]

“India’s Real Estate Market Set for Growth: Rising Demand, Property Price Hike Expected in 2024”

Anticipated Surge in Property Prices Within a Year If you’re planning to buy a home or move into a rental property in the next 12 months, a new report suggests that property prices in India could witness a notable increase soon. With a projection of a 6-15% rise in property values across the country, the […]

Homebuyers Demand Stricter Guidelines for Real Estate Sector to Curb Unfair Practices

In a move aimed at safeguarding consumer rights, the Forum for People’s Collective Efforts (FPCE) has urged the Ministry of Consumer Affairs to establish stricter guidelines for the real estate sector. The group of homebuyers expressed concerns over widespread unfair trade practices and the inability of the Real Estate (Regulation and Development) Act (RERA) to […]

Affordable Housing Faces Growing Buyer Discontent: ANAROCK-FICCI Survey Reveals 53% Dissatisfaction

Accessibility, Quality Issues, and Compact Units Leave Buyers Unimpressed Mumbai, 21 October 2024: The affordable housing segment, once touted as the backbone of the real estate market, is now struggling to retain buyers, with 53% of prospective homeowners dissatisfied with available options. The ANAROCK-FICCI Homebuyer Sentiment Survey for H1 2024 sheds light on major deterrents, […]