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GoM Stands Firm Against GST Relief for Real Estate Sector Amid Ongoing Discussions

GoM Stands Firm Against GST Relief for Real Estate Sector Amid Ongoing Discussions

Concerns Grow Over Tax Burden in Joint Development Agreements In a recent meeting in Goa, members of the Group of Ministers (GoM) convened to address the Goods and Services Tax (GST) implications for the real estate sector, particularly concerning joint development agreements (JDAs). Despite ongoing deliberations, there appears to be little support for providing tax […]

U.P. RERA Revolutionizes Fund Transfers: A New Era for Allottees

Streamlined Processes Enhance Speed and Efficiency in Recoveries Lucknow/Gautambudh Nagar: In a groundbreaking move, the U.P. Real Estate Regulatory Authority (RERA) has linked its portal with the banking system, drastically reducing the time taken for money recovery transfers to allottees. This innovative integration promises a faster, more efficient process for all parties involved. Instant Updates […]

Office Space Demand Hits Record High: 47 Million Sq Ft Leased in 2024

Unprecedented Growth in Leasing Activity Drives Market Confidence Bengaluru, 26th September 2024: The demand for Grade A office space across India’s top six cities has surged to an impressive 46.7 million sq ft in the first nine months of 2024, marking a remarkable 23% year-over-year growth. The third quarter alone saw leasing activity soar to […]

Residential Real Estate Takes a Breather: Q3 2024 Housing Sales Decline Across Major Cities

Sales Down 11% YoY, but Demand Outpaces New Launches Mumbai, 26 September 2024: In a notable shift after a robust two-year period, residential real estate sales in the top seven Indian cities dipped by 11% year-on-year in Q3 2024, totaling approximately 107,060 units sold compared to 120,290 units in Q3 2023. Despite this decline, the […]

Bengaluru Reigns Supreme: India’s Hub for Global Capability Centres

Bengaluru: The GCC PowerhouseBengaluru has established itself as India’s premier destination for Global Capability Centres (GCCs), capturing a remarkable 36% of the GCC workforce in the first two quarters of FY25. A report from TeamLease Digital highlights the city’s dominance, driven by a thriving high-tech sector that constitutes 37% of the workforce. Professional services, particularly […]

Flex Spaces Surge as Corporations Embrace Flexible Work Environments

Occupancy Levels Soar Above 80% Across Major Markets Mumbai, September 25, 2024: A new report from Knight Frank India, titled Flexing the Future: Assessing the Readiness of Flex Spaces for Evolving Commercial Real Estate Demands, reveals that flex workspaces are experiencing exceptional demand, with occupancy rates exceeding 80% in all major office markets. Notable cities […]

Festive Surge: Housing.com Reports 10% Spike in Online Home Searches for August 2024

Delhi-NCR Leads the Pack, Indore Shines in Tier-2 City Category National, September 25, 2024 – Housing.com, India’s premier proptech platform, has unveiled its latest findings from the IRIS (Indian Residential Index for Online Search) Index, revealing a notable 10% month-on-month increase in online property search activity for August 2024. This surge propels the index to […]

Demand for Housing Sees Strong Growth in Q3 2024, Residential Demand Surges by 12.3% Amidst Rising Property Prices: Magicbricks Report

The Indian real estate market continues to experience a significant surge in residential demand, with a 12.3% increase quarter-on-quarter (QoQ) between July and September 2024, according to Magicbricks’ latest PropIndex Report. The rise in demand comes alongside an 8.3% increase in residential prices across major cities. Price Hikes in Key Markets The report highlights notable […]

Indian Startup Funding Sees Marginal Decline in 2024, Funding Drops 7% in the First Nine Months

Indian startups witnessed a slight dip in funding during the first nine months of 2024. According to data from Tracxn’s India Tech 9M 2024 report, total funding fell by 7% to $7.6 billion, compared to $8.2 billion during the same period last year. Additionally, the number of funding rounds decreased significantly, from 1,579 in 2023 […]

India’s Economic Outlook Brightens: Moody’s Boosts Growth Forecast to 7.1% for 2024

Forecast Revision Signals Positive Trends in Domestic Demand and Investment Moody’s has raised its growth forecast for India in calendar year 2024 to 7.1%, an increase from its previous estimate of 6.8% made in June. This upward revision highlights India’s potential to outpace the global economy and reflects a broader trend in the Asia-Pacific region. […]