Top 7 cities witness home sales worth INR 1.56 lakh crore in H1 FY23

Despite increased interest rates and basic property cost, the top 7 cities saw homes worth INR 1,55,833 crore sold in the first half of FY23, rising by 119% on yearly basis. The overall value of units sold in the corresponding period of FY22 was approx. INR 71,295 crore. Between April and September 2022, approx. 1,73,155 […]

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Naredco completes 24 years, celebrates its foundation day

National Real Estate Development Council (NAREDCO), an autonomous self-regulatory apex national body under the aegis of Ministry of Housing & Urban Poverty Alleviation, celebrated its foundation day. It was also an occasion to mark the 24 years of existence of NAREDCO, which was established in 1998. Speaking on the occasion, Gautam Chatterjee, Founder and Chairman […]

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NAREDCO joins hands with WAI to eliminate difficulties in the way of warehouse construction

With an aim to address the difficulties related to construction and land that the developers of warehousing confront, the National Real Estate Development Council (NAREDCO) has signed an MoU with Warehousing Association of India (WAI). NAREDCO— the apex real estate body under the aegis of Ministry of Housing & Urban Affairs— together with WAI will […]

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NAREDCO Mahi takes a definitive step forward to promote water conservation

NAREDCO Mahi—the women wing of National Real Estate Development Council (NAREDCO) —was launched in an event graced by Minister for Housing and Urban Affairs Hardeep Singh Puri and Tara Subramaniam, President, NAREDCO Mahi. Rajan Bandelkar, the Nation President of NAREDCO was also present on the occasion. The event ‘PlumbEx India’ was organised by Indian Plumbing […]

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CREDAI Hyderabad Property Show held on the theme of home for everyone

The Hyderabad chapter of CREDAI organised Hyderabad Property Show at Hitex, Hyderabad. Aimed to bring together the people from diverse segments of construction industry, the property show was inaugurated by Minister of Municipal Administration, Urban Development, Industries, Commerce and Information Technology of Government of Telangana, Arekapudi Ghandhi. The property show was themed around home for […]

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Indian Real Estate Market to reach USD 1000 bn by 2030, prices of residential property to grow 5% in 2022

In a report titled ‘The Outlook of the Real Estate Market in India’, optimistic signs of the revival of real estate sector have been forecasted. The report brought out by RBSA Advisors, a valuation and consulting firm, has expected the real estate sector in the country will grow USD 1,000 bn by 2030 from USD […]

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Sentiments in residential, commercial and office real estate markets improved in Q1 of 2022

A recent joint survey by Knight Frank India and NAREDCO highlights an optimistic outlook for the residential real estate market. As per the survey, the demand for buying home has been strong in Q1 2022 and 80% of the respondents in this survey expect that sales of residential real estate are going to increase in […]

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MoHUA frames agreement for sale rules for UTs without legislatures

The ‘Agreement for Sale’ rules under the provisions of RERA Act  have been framed for Union Territories (UTs) without legislatures and sent to the states and UTs for adoption. Besides for redressal of the issues of stalled project across Noida, Greater Noida and Yamuna Expressway Authorities, a high-level committee was constituted by the Uttar Pradesh […]

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NAREDCO MAHI convention brings spotlight on the contribution of women realtors and experts in real estate sector

NAREDCO MAHI, the women wing of Naredco organised it’s first convention in the city. Themed at Realty Women – The Transforming Catalyst to Real Estate’, the event witnessed leading lights of the industry deliberating on the importance of the women stakeholders in the real estate sector of the country. The convention noted that the participation […]

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Elan Group partners with BL Kashyap and Sons for construction of Elan Paradise

Elan Group has awarded construction contract for Elan Paradise to BL Kashyap and Sons Ltd. The contract worth Rs 62.15 crore has been given for the construction of the project Elan Paradise, a luxury retail project spanning over 3.35 acres. Located at Sector 50, Gurgaon, the project Elan Paradise comprises  high-end retail, food court, multiplex and […]

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