QUICKREADS

GST Council Meeting: Will the proposed 40% slab make luxury homes costlier? What homebuyers should know

A potential 40% GST on luxury home interiors could raise apartment costs by ₹24 lakh. Developers may shift to selling 'raw apartments' without interiors, allowing buyers to source high-end fittings themselves, while maintaining luxury positioning.

Delhi office market revival: Key areas where 5 million sq ft of new office supply is expected

Delhi's office market anticipates a 5 million sq ft supply surge between 2025-2027, with key areas like Netaji Subhash Place and Rohini driving growth. Strong business confidence, particularly in research, consulting, and flexible spaces, fuels this revival after a decade-long slowdown.

Raheja Universal buys back commercial office building in Mumbai's Kalina area from HDFC at ₹211 crore

Raheja Universal repurchased a 49,359 sq ft commercial office building in Mumbai's Kalina from HDFC Bank for ₹211 crore, located near Bandra Kurla Complex, after previously selling it in 2019-2020 for ₹167 crore.

Food and Beverage sector drives retail leasing in India with 4 mn sq ft, set to add 6 mn sq ft by 2028: JLL report

India's F&B sector drives retail leasing, recording 4 million sq ft across seven cities. Bengaluru leads, with developers planning 25% mall space for F&B. By 2028, 6 million sq ft expected, attracting domestic and international brands.

Credai pushes for land reforms, digital registry, and land banks to drive housing growth

Credai advocates for land reforms, digital land registry, and land banks to boost housing growth. Aims to create 100 future cities, enhance transparency, support affordable housing, and drive sector development by 2047 through comprehensive national real estate framework.

Are rising real estate prices pushing middle-class Indians away from homeownership? Experts weigh in

Rising property prices in India are pushing middle-class families away from homeownership. With home prices doubling in a decade and affordable supply shrinking, more people are turning to rentals. The average home ownership age is shifting from early thirties to mid-forties, highlighting the growing affordability crisis.

NAREDCO says PM's birthday should be observed as ‘Right to Housing Day’

NAREDCO proposes observing PM Modi's September 17 birthday as 'Right to Housing Day', highlighting the Pradhan Mantri Awas Yojana's achievement of building over 4 crore homes and transforming India's housing landscape.

Nagpur flyover cuts through balcony; netizens dub it a ‘flyover-facing house’ and slam it as ‘planning gone rogue’

A Nagpur flyover appears to cut through a house's balcony, causing social media uproar. NHAI claims the balcony extends beyond plot boundaries and will be demolished, citing the structure was built without proper sanctioning.

Inherited a 1-acre plot in Mumbai? Here’s what you should know before taking on an SRA development on your own

A Mumbai resident with a 1-acre inherited plot aims to develop an SRA project, but experts warn against it. Challenges include complex regulations, massive upfront costs, tenant negotiations, and lack of development experience. Professionals advise selling the land instead of attempting self-redevelopment.

AI can cut real estate construction costs, halve project timelines, and reduce delays, benefiting homebuyers

AI is transforming real estate by reducing construction costs by 20-25%, shortening project timelines by 40-50%, and optimizing design efficiency. This technological advancement promises faster project completion, lower property prices, and increased usable space for homebuyers.

Court-monitored resolution process needed for 'Supernova' project: Amicus to SC

The Supreme Court has been advised to implement a court-monitored hybrid resolution mechanism for the Supertech Realtors' Supernova project in Noida, led by former judge Navin Sinha. This approach aims to balance the interests of homebuyers and creditors amid ongoing insolvency proceedings, emphasizing the necessity of a forensic audit and potential leadership changes within the company. Further hearings are scheduled for September 17.

SEBI approves equity status for REITs to broaden investor participation; Indian REITs Association welcomes move

SEBI reclassifies REITs as 'equity', retaining InvITs' hybrid status. This move aims to widen investor base, improve market liquidity, and align with global practices, potentially boosting REIT market growth and participation.

India’s REIT market set to cross $25 billion by 2030: CREDAI-Anarock report

India's REIT market is projected to exceed $25 billion by 2030, currently at $18 billion. With three more REITs expected, the market will expand into logistics, warehousing, and data centers, driven by strong economic fundamentals and urbanization.

India home prices set to soar, pushing millions into costly rentals: Reuters poll

A Reuters poll indicates that home prices in India are expected to rise faster than anticipated, driven by demand from affluent buyers and a shortage of affordable housing. This situation is pushing many potential buyers into rentals, as urban job growth benefits a small segment of the population. Affordable housing is projected to face a significant deficit, worsening inequality in urban areas.

Bombay HC rules no GST on JDA projects post-conveyance, offering relief to real estate developers

Bombay High Court rules GST not applicable on JDA projects after conveyance, offering relief to real estate developers. The judgment provides clarity on taxation, potentially reducing costs and uncertainties in land-constrained markets like Mumbai and Bengaluru.

CREDAI pledges to pass GST rate cut benefits to homebuyers if cement and steel suppliers reduce prices

CREDAI pledges to pass GST rate cut benefits to homebuyers, potentially reducing property costs in smaller cities. Developers aim to transfer tax savings, with actual price reductions depending on material suppliers and regional variations.