Mumbai, India records more than 6,000 property registrations in August
Registrations fell 32 percent from July, but over two-and-a-half times increase compared to August last year
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Indian real estate now a buyer’s market, fuelled by proptech
The industry, long known for its hesitation towards digitalisation, was motivated to adapt because of Covid-related restrictions
Housing sales in India encouraged by lower lending rates and policy impetus
Sales activity was led by Pune with 26 percent share, followed by Mumbai with 19 percent
PropertyGuru Asia Property Awards (India) – Virtual Media Roundtable 2021
The PropertyGuru Asia Property Awards (India) programme has officially returned for its second edition, bolstering the confidence of Asia Pacific’s most prestigious real estate awards programme in the vast and vibrant South Asian market
2021 PropertyGuru Asia Property Awards (India) programme builds confidence in post-pandemic South Asian market
New categories in contention at the local edition of the region’s most prestigious real estate awards programme
New office supply in India rose by 4% in H1 2021
Bengaluru, Delhi, and Mumbai made up around 69 percent of the total leasing activity in H1 2021 across the country’s top cities
Indian government offers property tax waiver for hoteliers and restaurateurs
The state of Gujarat also announced that fixed electricity charges have been waived, so hoteliers and restaurateurs only have to pay for what was used
The impact of work-from-home trend on India’s office space market
A recent survey revealed that 83 percent of employees favoured a hybrid work model that allows remote working up to 75 percent
India’s flexible space supply expected to grow by 10-15% in next 3 years
Report indicates that as of Q1 2021, Bengaluru holds the highest amount in the country, followed by Delhi-NCR and Hyderbad
Slum households in India are given property rights via Basera scheme
Urgent completion of the transfer of proprietary rights to 10,000 households in the next four months is called upon
Indian real estate thrives: Analysts anticipate $36bn REIT listings in 2021 and beyond
To date, the office market in seven major cities boast potentially 284 million square feet of space
Mumbai sees highest yearly decline in unsold housing stocks
The Mumbai region saw the highest reduction in the last seven years, a decline of 8 percent
Indian real estate gets dose of reforms for increased transparency
The country’s notoriously graft-prone real estate sector is growing more transparent, thanks to government regulations and the introduction of REIT frameworks
More office spaces to be shutdown in India
Office space providers weren’t expecting recovery from the pandemic to delay for this long
Revenue through property registration slightly revives in Chennai
Experts say the slow revival is due to secondary investments in Chennaiites’ hometowns
India aims to attract overseas capital by easing foreign investment rules
A plan to authorise limited liability partnerships is under discussion
South Delhi Municipal Corporation withdraws plan to hike property tax
Increasing tax properties is not an effective solution in increasing revenue
Moody’s: 2021 looks brighter for Indian corporates
Moody’s pointed out that lockdowns cannot be eliminated yet, as recovery would remain slow
DUSIB instructed to quickly issue flats to low-income sector in Delhi
Delhi Chief Minister directed allotment of flats to slum dwellers
Bangalore’s low interest rates attract property purchases
Bankers and builders recommend purchasing residential units in Bangalore with the current low-interest-rate situation
The finest developments, designs in the Chinese territories honoured at the 2020 PropertyGuru Asia Property Awards (Mainland China, Hong Kong, Macau)
An innovative celebration of excellent developers, design practices, and real estate brands in one of the world’s largest property markets
Mangaluru, India to become a waste-free city
Apartments in Mangaluru City has set up its own waste management system by composting wet waste
Indian homebuyers of Amrapali projects can now sell their unfinished flats
Amrapali buyers can now sell their “duped” flats once their dues are cleared out
South Asian nations cautiously optimistic amid post-pandemic recovery
Competing factors ranging from political instability to ill-fated reforms may have adversely affected property markets
