The High Court of Punjab and Haryana quashed the FIR against Emaar India and JLL India, citing undervaluation and fraud allegations as baseless. The case involved accusations of asset manipulation during demerger, with no criminal elements found in the complaint.
Last year, the Indian real estate sector witnessed a surge in institutional investments, exceeding $5.8 billion through 53 transactions, marking a 14% increase from 2022. This growth signifies ongoing confidence among investors, despite uncertainties in the global macroeconomic landscape and geopolitical tensions.
Home purchase affordability is expected to improve in 2024 due to a 60-80 basis point repo rate cut, according to a JLL India report on the Home Purchase Affordability Index (HPAI). This is expected to keep buyers affordability within a comfortable range and sustain market momentum over the next year. India s economic growth and domestic inflation levels have provided headroom for the central bank to maintain the status quo.