India Real Estate Latest Trends | Overview | Growth | Investments

March 23, 2021
Shapoorji Pallonji Group to develop 440 luxury residential flats in Bangalore with an investment of ₹300 crore

The famous Real Estate group Shapoorji Pallonji has planned to invest ₹300 crores in the construction of approximately 440 luxury apartments in Bangalore. The conglomerate has now launched a phase of its new 46-acres residential space, Parkwest in Binnypet, Central Bengaluru. The price of the apartments starts at ₹72 lakh and goes all the way to ₹2.06 crore. The apartment sizes will range from 462.10 sq ft to 1,185.07 sq ft.

The company has launched more than 1,900 apartments in their combined three phases. As per their timeline, they have successfully delivered about 700 flats in phase 1. Venkatesh Gopalakrishnan, Chief Executive Officer at Shapoorji Pallonji Group said that they have noticed a rapid rise in the demand for luxury residential properties in the past few months. This indicates a difference in the user behavior in the Bangalore Real Estate market post-COVID-19.

Mr. Gopalkrishnan also said that keeping in mind the current state of affairs, home seekers are looking for assured deals from reputed conglomerates to rebuild their trust in investing in residential properties. Keeping in mind the revival of the real estate market and growing demand for residential properties, the developer has now come up with the latest phase of its project. He is more than confident that their newest project Parkwest will exceed in delivering all the expectations of the customers for a comfortable luxury lifestyle.

Real Estate Developers Urges Maharashtra State Government On Seeking Review To Ease Lockdown Regulations

Real estate developers based in Maharashtra have urged the state government to reconsider the regulations for the partial lockdown imposed, prohibiting the real estate sector to carry out infrastructural development effectively. As per the recent notification issued in public interests last week on April 4 meant for the imposition of lockdown, the state government announced that construction developments would only be granted for the property projects where the building workers/labourers are

Realty In Mumbai Witnesses Record Registrations In First Quarter Of FY 2021

In March, Quarter 1 of FY 2021-2022, the financial capital, Mumbai recorded a surge by 365% in property registrations with toll standings of 17,681 closed deals, as per the datasheets released from the office of the IG, Registration Office, Maharashtra. In addition, stamp duty collection also witnessed a 174% hike compared to yesteryear to Rs 837 crore in March ending. Financial transactions while registration of property in Mumbai is, the country’s biggest and costliest realty market, whic

5 Trends Decoding Real Estate In India In The Post-Pandemic Era

The real estate sector in India in the Post-Pandemic era is expected to do much better with the investments largely driven into the mid and luxury segment housing sector, including 2/3 BHK flats available at much-lowered prices. Better days are expected in this year 2021 from the perspective of the investment in the real estate sector. Amidst the growing inclination of buyers and investors towards homeownership, It can be certainly said that the demand f