More than Rs. 10 lakh crore in home loans in the last two years RBI statistics revealed Home loan arrears in the country have reached Rs. 27 lakh crore. RBI statistics RBI statistics revealed that, especially in the last two fiscal years, these loans have increased by Rs. 10 lakh crore and reached Rs. 27.23 lakh crore by March this year. Experts from the banking and real estate sectors are analysing the increased demand in the residential market after COVID as the reason for this growth. By March 2024, loans in the housing sector had reached Rs. 27,22,720 crore. In March 2023, these were Rs. 1 ..read more

They are necessary to prevent pollution in cities. In cities that are turning into concrete jungles, parks are the people’s respite. At the time when existing trees are being cut down and projects are being built, there is a need for parks. However, the Delhi High Court has made it clear that there is a need to create forest wealth wherever possible in the cities in the face of increasing pollution. The Delhi Development Authority has been directed to establish as many forests as possible in the city. The DDA rejected the proposal of setting up an ornamental park instead of a forest on the 55 ..read more

HDFC Capital, a real estate private equity firm belonging to the HDFC Group, has exited the Total Environment project in Bengaluru. The company has invested around Rs. 229 crore in this project related to residential apartments to be built in an area of 10 lakh square feet in Whitefield. It recently came out with returns of around Rs. 300 crore. “This is a great milestone for all our stakeholders. We have added great value to their share,” said Kamal Sagar, founder of Total Environment. The post HDFC out of Total Environment first appeared on Real Estate Guru | Regnews ..read more

Rents increased by 8 percent in Bengaluru. Four percent increase in Hyderabad. Residents of the country have been burdened not only by inflation but also by rising rental prices. With all the offices fully open, the demand for rental houses has increased. Due to this, the owners increased their rents. Statistics show that rents in Bengaluru have increased by 8 percent in the last quarter. By the end of 2022, the rent for a 2-bedroom apartment in Whitefield was Rs. 22,500. On Sarjapur Road, it was Rs. 24,000. By the end of 2023, these had increased to Rs. 30,200 in Whitefield and Rs. 31,600 in ..read more

The real estate sector in the suburbs of Hyderabad has been severely hit. Since last December, the number of people buying plots has declined. Especially after CM Revanth Reddy announced that they are removing Pharma City, real estate business on Sagar Highway has hit very hard. Although the CM said that metro connectivity will be provided from the airport to Kandukur, there is no movement in the real estate market there. During the last BRS period, sales of plots on the Yadadri side were frozen. Sangareddy and Sadasivapet were worse. There, the prices of plots skyrocketed. Compared to five ye ..read more

But now the pace of development will slow down. Many companies claim that the draft norms recently released by the Reserve Bank of India in terms of lending to real estate projects are likely to hamper the pace of infrastructure development in the country. However, it is hailed as a prudent move from the point of view of long-term sustainability. The provisions proposed to increase the standard asset provision by 5 percent in the case of loans for real projects created a sensation. Commercial banks are planning to write a letter to the RBI on this. Experts in the real sector say that this will ..read more

It will be held in Delhi for three days. The National Real Estate Development Council (NAREDCO) will conduct its 2nd Management Development Programme for three days from the 15th to the 17th of this month. The event will be held under the banner of the National Institute of Real Estate Development (NIRED) under the name ‘RERA, Real Estate Essentials’ at PhD House, Delhi. The programme aims to empower people in the real estate construction and infrastructure sectors through comprehensive training, workshops, and capacity-building programmes. Several sessions will be conducted as part of the pro ..read more

CII IGBC Green Property Show, Second Edition Platform: Hi-Tech Dates: May 17–19 CII IGBC National Vice Chairman said that buildings can be made zero-energy buildings through renewable energy sources, said Shekhar Reddy. Speaking to Real Estate Guru during the CII IGBC Second Edition Property Show in Hyderabad, he said that there will be an opportunity to generate renewable energy equal to what is consumed. He shared, “These targets can be reached by adopting effective measures like reducing electricity demand and moving towards 100 percent renewable energy sources. Along with green materials ..read more

Without water, no living creature can survive. It is impossible to imagine what the situation would be like if there was no water for a day. And the more we conserve that precious water, the more it conserves us. Every drop of water should be used efficiently and not wasted. There are many benefits to harvesting rainwater for this purpose. Even if you want to use water carefully or reduce your water bill, rainwater harvesting is the right way to do it. Although this water is not used for drinking, by using it for some simple tasks, both water and money can be saved. They are as follows: Wateri ..read more

This is the latest trend in Indian realty. Millennials are changing the face of real estate. Showing interest in buying a second home in tourist and spiritual places. After COVID, there have been many changes in people’s ways of leading life as well as their tastes and habits. Those who once wanted to live in the city now want to rest in the lap of nature in a peaceful environment away from noise and pollution. Although they stay in the city for work and business, they buy a second home to stay in such an environment during weekends and holidays. Millennials in particular are stepping forward ..read more