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Will affordable housing definition change in budget 2024?

According to a study by property consultancy ANAROCK, the affordable housing category saw a decline in overall sales to approximately 20 percent of the overall pie in 2023 from over 30 percent in 2022. Developers ping hopes on the interim budget 2024 to get done the necessary revisions in affordable housing criterion.

Real estate boom may continue for at least 3-4 years; listed players to gain most: Motilal Oswal

Eldeco Group to develop 80 luxury villas near Kasauli in Himachal Pradesh, eyes top line of Rs 500 crore

The realty firm plans to invest about Rs 300 crore beyond the land cost to develop the ultra-luxury housing project, through its subsidiary ‘Terra Grande’.

EaseMyTrip co-founder Rikant Pittie buys commercial property in Gurugram for Rs 99 34 crore

Delhi s big-ticket property deals come to standstill

Delhi s big-ticket property transactions are affected as the Land and Development Office (L&DO) delays the conversion of leasehold properties into freehold. Around 100 such transactions are on hold, causing distress to industry stakeholders. Elderly, widows, and ailing senior citizens are suffering the most. The government is also facing revenue loss due to halted property transactions and loss of freehold conversion charges and stamp duty payments. The involvement of multiple authorities is affecting Delhi s high-value property market.

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