Middle-class Indians earning ₹12 lakh per annum are finding it increasingly difficult to purchase homes in major cities. Rising property prices and claims that only those with inherited wealth or connections secure better deals highlight the struggles faced by this demographic in the real estate market. Rising Property Prices in Major Cities In Indiaâs major...
Godrej Properties has acquired five land parcels in the April-June quarter, with a revenue potential of ₹11,400 crore. Executive Chairperson Pirojsha Godrej emphasized the company’s strong financial position and commitment to pursuing attractive land-buying opportunities in key markets across India. Recent Land Acquisitions by Godrej Properties Godrej Properties has been actively expanding its portfolio, acquiring...
The inauguration of Bengaluru’s Yellow Line Metro is expected to transform the housing market for tech professionals. By enhancing connectivity, it will make more affordable neighborhoods attractive for first-time homebuyers, allowing them to enjoy shorter commutes to key employment hubs. Impact of Yellow Line on Bengaluru Real Estate The inauguration of Bengaluru’s Yellow Line is...
Bengaluru’s e-khata system, designed to streamline property registration, is facing significant backlash due to persistent errors and delays. Homeowners are encountering issues with incorrect data, leading to disputes and unexpected property tax notices, undermining the system’s intended efficiency. Challenges in E-khata Rollout Homeowners in Bengaluru are encountering significant difficulties with the e-khata system, which was...
Prestige Group has reported impressive sales figures for Q4 FY25, selling 2,301 homes and achieving a record revenue of ₹6,957.4 crore. Notably, Mumbai has surpassed Bengaluru in sales contribution for the first time, highlighting the growing demand in the real estate market. Sales Performance Overview for Q4 FY25 Prestige Group has reported impressive sales figures...