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  Introduction Indian Real Estate Set for Quantum Growth by 2047 India's real estate market is poised for exponential growth, projected to become a USD 10 trillion market by 2047, according to a joint report by Colliers and the Confederation of Real Estate Developers' Associations of India (CREDAI). Currently contributing around 7.3 per cent to the nation's GDP, the real estate sector is expected to significantly impact India's economy, with its share in GDP rising to 14-20 per cent over the next few decades. Rapid Urbanisation and Demographic Shifts India's urban population is projected to reach 50 per cent by 2047, contributing to high demand for residential, office, and retail spaces. The report emphasises that rapid urbanisation and infrastructure development will drive real estate growth beyond Tier-I cities, fostering new real estate hotspots in Tier-II and III towns....... Read More

  Purva Tivoli Hills Devanahalli sprawls over a huge acreage of land parcel made up of multiple plots of all shapes & sizes. The plots provide a variety of configurations for different segments of home buyers and financial experts that are excellent for configurations like Twin Bungalow, Row Houses, Row House at Corner, and Independent Bungalow. These opulent homes have a striking elevation that overlooks the breathtaking natural scenery. Bangalore City is a lively city because it is an important metropolis! The city is constantly prepared to adapt and develop into the changing field of advancement. By providing commercial and occupied parts that are truly of the highest quality, the local real estate market is expanding quickly. The project in Bangalore has excellent road, rail, and aviation connections to other major cities. A successful realty setting for neighbourhood living in Bangalore is made possible by the current residents of this area's connections to numerous key ex...

  Introduction Average Prices Rise 23% in 7 Cities The Indian real estate market experienced a sharp rise in property prices during the July-September quarter of 2024, leading to a significant impact on housing sales across the  top seven cities . According to a report by property consultancy Anarock, average residential prices increased by 23 per cent year-on-year, pushing many potential buyers to reconsider their purchases. Housing Affordability Declines Amid Price Hike The surge in prices, which saw a jump from Rs 6,800 per square foot in Q3 2023 to Rs 8,390 per square foot in Q3 2024, has strained housing affordability across cities like Hyderabad, where prices rose by 32 per cent. This sharp increase, driven by escalating input costs and high demand, contributed to an 11 per cent decline in housing sales during the same period, with only 1,07,060 units sold compared to 1,20,290 units in the previous year................. Read More

  Introduction Majority of office occupiers to shift towards flexible workspaces A new report by Colliers, titled " Flex Spaces : Reshaping the New-Age India Office Market," reveals a significant shift towards flexible office space in India. The survey found that over 80 per cent of office occupiers plan to expand their portfolios using flex spaces in the coming years. Key Drivers of Flex Space Adoption This trend is driven by several factors, including: Cost Efficiency:  Flex spaces offer a more cost-effective solution compared to traditional office leases. Companies can scale their workspace up or down based on their needs, eliminating the burden of unused space. Enterprise-Grade Offerings:  Modern flex spaces provide high-quality infrastructure, amenities, and technology features, catering to the needs of large corporations............. Read More

  Introduction GoM Confirms No Additional GST Exemptions for Long-Term Land Leases The Group of Ministers (GoM) on the real estate sector has decided not to grant any further exemptions in  Goods and Services Tax  (GST) for long-term leases of land by private entities or for sector-specific exemptions, such as tourism. This decision was reached during their fourth meeting held in Goa. Key Decisions from the Meeting: No Additional Exemptions:  The GoM unanimously agreed that no further GST exemptions are required for long-term land leases or sector-specific exemptions. Continued GST Levy:  GST will continue to be levied at applicable rates on long-term land leases and other real estate transactions. Taxability of Construction Services:  The GoM discussed the taxability of construction services provided by cooperative housing societies to their members in new or redevelopment projects.......... Read More

  Introduction India Emerges as Top Destination for Foreign Real Estate Investment India's real estate market  is witnessing a surge in foreign investment, propelling the country to the third most preferred global destination for land and development projects in the first half of 2024. This impressive ranking comes courtesy of a report by international property consultancy Colliers. China and Singapore Lead, India Chases Closely China and Singapore hold the top two spots, attracting significant foreign capital for land development. However, India's growth in this sector is undeniable. According to the report, India raked in nearly USD 3.5 billion in foreign investment inflows during the first six months of 2024............ Read More

  Bhutan, a hidden paradise in the heart of the Himalayas, offers a mesmerizing blend of culture, nature, and spirituality. Whether you’re a nature enthusiast or a culture seeker, Bhutan provides a unique escape unlike any other. With serene landscapes and a vibrant culture, every traveler can find something to love. Planning your journey with a Bhutan tour package could be the gateway to experiencing the profound beauty and heritage of this mystical place. Here’s a quick guide to the top activities every first-time visitor should experience.......... Read More