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Builders seek interest rate cut in RBI's next meet to boost housing demand / February 8, 2024 Realtors on Thursday demanded that the RBI should consider reducing the repo rate in its next monetary policy review meeting to boost sales of residential properties, while welcoming stability in the interest rate regime.
Builders seek interest rate cut in RBI's next meet to boost housing demand / February 8, 2024 The RBI decided to keep the policy rate unchanged for the sixth time in a row in view of global uncertainty and the need to bring down retail inflation to 4%. RBI governor Shaktikanta Das in his statement said the buoyant demand for residential housing, coupled with increased thrust on government capex, is expected to propel construction activity.
Builders seek interest rate cut in RBI’s next meet / February 9, 2024 Real estate developers and consultants feel that the strong momentum in the housing market will continue with the RBI deciding to keep the key policy rate unchanged. The RBI decided to keep the policy rate unchanged for the sixth time in a row in view of global uncertainty and the need to bring down retail inflation to 4 per cent.
Union Budget 2024-25: Nirmala Sitharaman Announced 2 Crore Houses under Pradhan Mantri Awas Yojana / February 01, 2024 Union Budget 2024-25 was presented on 1 February 2024. Finance Minister Nirmala Sitharaman announced measures for the real estate sector, with a focus on affordable housing and PMAY. Finance Minister Nirmala Sitharaman lauded the excellent implementation of Pradhan Mantri Awas Yojana Gramin. Despite challenges posed by the Covid-19 pandemic, the PMAY scheme was implemented successfully.
Interim Budget 2024-25: FM’s housing, infra push boosts realty sector / February 01, 2024 While presenting the Interim Budget 2024-25, finance minister Nirmala Sitharaman chose to stick to the past trend and didn’t touch on big policy related issues or announcements related to the economic reforms. She, however, made her intention clear that in the next 5 years, the government will continue to push for more growth and developments.
Interim Budget 2024-25 provides more boost to Nari Shakti / February 01, 2024 Finance minister Nirmala Sitharaman presented her sixth consecutive Budget on February 1, 2024. while presenting the Interim Budget 2024-25 said that the empowerment of women through entrepreneurship, ease of living and dignity has gained momentum in 10 years. This is in line with the government’s focus on Viksit Bharat by 2047.
Union Budget 2024: Real Estate Perspectives from Industry Leaders / February 01, 2024 As the Interim Budget 2024 unfolded, real estate stakeholders eagerly anticipated significant announcements that could shape the industry's trajectory. While the budget did not bring about big-bang changes, it maintained a focus on infrastructure upgrades and nationwide connectivity, promising indirect benefits for real estate growth, especially in Tier 2 and 3 cities.
Charms of Ready to Move-In-Homes / January 07, 2024 Indian real estate market is currently witnessing a pronounced shift in buyer preferences towards ready-to-move-in homes. and the reasons are compelling. Immediate possession and certainty. stand out as the primary advantage, with 72% of homebuyers prioritizing this option to avoid construction delays, according to a recent report by Knight Frank India.
Budget 2024: Real estate sector bats for tax sops / January 07, 2024 (New Indian Express) The real estate industry has high hopes from the Union Budget 2024 as it expects the budget to boost the affordable housing segment, which is facing inflationary pressure. The industry is eagerly anticipating Finance Minister Nirmala Sitharaman on February 1 to announce supportive measures, the most prominent being in- creasing the deduction for home loans (u/s 24).
India's Real Estate: BRIGHT PROJECTIONS SIGNAL A THRIVING FY 2024-25 / January 20, 2023 (The Hindu) Real Estate market stands at a pivotal juncture, marked by dynamic shifts and strategic initiatives. Embracing the nuances of the present, we anticipate a compelling surge in in growth during FY 2024-25. Projections indicate a commendable 7-8% economic expansion, instigating heightened demand across residential and commercial sectors.
Interim Budget 2024 What can it do for real estate? / January 20, 2024 (The Hindu) The Indian real estate sector, particularly housing, is at a critical juncture as we approach the Union Budget for 2024-25. Considering the forward momentum seen in 2023, alongside global economic challenges and the stagnation in affordable housing, there are several key areas the sector should focus on in its demands from the upcoming budget.
What realty can expect from the Budget / January 30, 2024 (The Hindu) While optimism prevails for continued growth, the focus on affordable housing takes center stage. The proposal, to increase the qualifying cost for affordable properties and release government-owned lands at reduced rates. aligns with inclusive growth objectives. Crucially, the push to raise the tax deduction limit on home loans from 2 lakhs to 5 lakh aims to rejuvenate the budget housing segment amidst recent interest rate hikes.
Interim Budget: Hike IT Exemption, Lower Long Term Capital Gains Tax on Realty, Industry & Infrastructure Status, GST Rationalisation, Include Realty Demands / January 30, 2024 Policy impetus, tax breaks, fiscal support – demands real estate from Finance Minister Nirmala Sitharaman on her Interim Budget to be presented on Thursday, February 1, 2024. Among real estate sector’s demands include increasing Rs 2 lakh income tax rebate on home loan interest to at least Rs 5 lakh.
What can hospitality sector expect from budget 2024-2025 / January 24, 2024 The Hospitality sector in India stands at a pivotal juncture, fueled by recent data showcasing remarkable resilience and growth. As we approach the eagerly awaited Union Budget 2024-2025, the industry's gaze is fixed on potential policy shifts and financial measures that could shape its trajectory.
Decoding the Budget: What lies ahead / January 18, 2024 The 2024 budget holds significant implications for India’s real estate sector. While optimism prevails for continued growth, the focus on affordable housing takes center stage. The proposal to increase the qualifying cost for affordable properties and release government-owned lands at reduced rates aligns with inclusive growth objectives.
Decoding the Budget: What lies ahead / January 18, 2024 The 2024 budget holds significant implications for India’s real estate sector. While optimism prevails for continued growth, the focus on affordable housing takes center stage. The proposal to increase the qualifying cost for affordable properties and release government-owned lands at reduced rates aligns with inclusive growth objectives.
Union Budget 2024: Key Expectations of the Real Estate Sector / January 29, 2024 Union Budget 2024 will be presented on February 1, 2024. The real estate sector of India is hoping for some positive announcements. Here are the key expectations of the real estate sector from Union Budget 2024.
What Budget 2024 holds for home loan interest rates / January 15, 2024 With strong expectations and speculations circulating, particularly concerning tax rebates and home loan interest rates, stakeholders are keenly assessing the potential impact on homebuyers and the broader real estate market.
Budget 2024: Avneesh Sood unveils strategies to boost commercial real estate demand / January 11, 2024 The Real Estate Industry in India stands at a pivotal juncture, where the dynamics of the commercial real estate market are intricately tied to the forthcoming Budget of 2024. Despite global uncertainties, the Indian commercial real estate market has showcased remarkable resilience, evident in the robust leasing activities throughout 2023.
Budget 2024: Real estate sector bats for tax sops / January 06, 2024 The real estate industry has high hopes from the Union Budget 2024 as it expects the budget to boost the affordable housing segment, which is facing inflationary pressure. The industry is eagerly anticipating Finance Minister Nirmala Sitharaman on February 1 to announce supportive measures, the most prominent being increasing the deduction for home loans.
Budget 2024: Molding Affordable Housing Priorities in India / January 18, 2024 The real estate industry in India stands at a pivotal juncture as it anticipates the contours of Budget 2024, especially concerning the paramount issue of affordable housing. In the face of persistent challenges and a dynamic economic landscape, the need to reshape priorities for affordable housing has never been more pressing.
Realty agents make hay as demand from the ultra-rich shines / December 04, 2024 Besides developers and ancillary services providers, real estate agents are making merry with demand for high-end properties scaling record heights this year. Brokers and consultants dealing in ultra-luxury real estate, priced at Rs 3 crore and above, cited at least a 20 per cent year-on-year surge in their incomes so far this year. This comes on the back of increased queries and a befitting supply of sale...
Family-run Eros Group mulling a public listing in five years / December 05, 2023 A "conservative family Group" by their own admission, real estate major, the Delhi-based Eros Group, is considering going public within five years, Group Director Avneesh Sood said during an exclusive interaction with DH.
Alleviating parking woes in urban landscapes / December 22, 2023 (Outlook India) Located in New Delhi's Nehru Place District Centre. Eros Corporate Tower offers a world- class solution. The 6-storey commercial tower includes an interconnected seven storey car parking facility, accommodating 1000 cars and 50 buses. "Recognizing the success of this endeavor, we are committed to replicate the similar parking infrastructure in our upcoming projects
The stage set for an optimistic outlook in 2024 / December 27, 2023 (Outlook India) Looking forward to 2024, industry A experts and stakeholders anticipate continuation of the strong homebuying sentiment witnessed in 2023, with affordability being complemented by factors such as health & safety, community living, and smart home technologies. The momentum towards housing, especially luxury segment, is poised to persist into 2024
Real estate in 2024 The outlook stays positive / December 30, 2023 (The Hindu) Despite an upward climb in property prices and global economic uncertainties, the sector's adaptability and resilience make it the first choice of investors ownership contribute positive market sentiment. Despite these optimistic trends, challenges such as rising interest rates and geopolitical uncertainties persist. However, with projected Compound Annual Growth Rate (CAGIO of 9.2%, the Indian real estate market is poised for sustained growth.
Housing prices shooting up in India, beats global average / December 15, 2023 Indian housing prices have grown nearly 6% over the past year, showcasing a remarkable renewal of interest in real estate buying since the pandemic. In the process, India has jumped a whopping 18 spots to hit the 14th position globally in residential property price increase.
Real estate in 2024: the outlook stays positive / December 29, 2024 The Indian real estate sector presents a promising landscape characterised by resilience and positive indicators in 2024. Reports, including Knight Frank's 'New Horizon Outlook 2024', highlight a surge in demand in the residential market, notably in regions with escalating logistics supply.
India's Real Estate Renaissance: Bright projections signal a thriving FY 2024-25 / December 19, 2023 Currently, the Indian real estate market stands at a pivotal juncture, marked by dynamic shifts and strategic initiatives. Embracing the nuances of the present, we anticipate a compelling surge in growth during FY 2024-25. Projections indicate a commendable 7-8% economic expansion, instigating heightened demand across residential and commercial sectors.
Continued pause on policy rates bodes well for housing market: Developers / December 08, 2024 Hailing the RBI decision to maintain the repo rate at 6.5% for the fifth time in a row, developers said the RBI decision to hold interest rates steady, coupled with favorable inflation expectations, mirrors a strategic stance fostering economic stability.
Future-Proofing Hospitality: Unleashing the potential of a skill driven workforce / December 09, 2023 The crucible of change, intensified by the COVID-19 pandemic, has accelerated the embrace of digital training methods, spotlighting the imperative for a resilient and agile workforce. As the sector diversifies, a hunger for specialised skills in culinary arts, event management, and wellness tourism emerges, necessitating a strategic roadmap for upskilling and specialisation.
RBI Keeps Repo Rate Unchanged, Increases Growth Forecast in Its Monetary Policy / December 08, 2023 RBI's Monetary Policy Committee (MPC) of was unanimous in keeping the repo rate unchanged at 6.5 per cent after its December meeting. The MPC maintained the policy stance of ‘withdrawal of accommodation’ by the majority of 5 out of 6 members. The Reserve Bank raised its real GDP projections but maintained its CPI estimate for the ongoing financial year (FY24).
Exploring India's commercial real estate revolution: A look into the future / November 24, 2023 Indian commercial real estate market, the landscape is undergoing a profound transformation driven by dynamic factors. According to the latest reports, the traditional office model is being reshaped by the surging popularity of flex workspaces, with a projected CAGR of 10-12% in office space absorption over the next five years.
How is the growth of urbanization impacting real estate in India? / October 04, 2023 Urbanization, in the Indian context, is the rapid migration of people from rural areas to urban centers, fueled by various socio-economic factors and the allure of better opportunities. The Indian real estate sector, an essential pillar of our nation’s economy, stands at a crucial juncture as it grapples with the transformative effects of urbanization.
Why you should consider buying property during Navratri / October 20, 2024 In the realm of Indian real estate, certain auspicious moments stand out as exceptional windows of opportunity. Among these, Navratri, the nine-night Hindu festival, has emerged as a strategic period for property investment. Navratri is not only a time for spiritual devotion and celebration but also an occasion that carries substantial economic significance, particularly within the real estate sector.
EROS Group Wins 'Most Trusted Developer' At ET Leadership Awards 2023 / September 15, 2023 EROS Group, a prominent name in the Indian real estate sector, has once again reaffirmed its position as a leader in the industry by being recognized as the "Most Trusted Real Estate Developer" at the esteemed ET Leadership Excellence Awards 2023 North.
EROS Group Recognized as "Most Trusted Real Estate Developer" Award at ET Leadership Excellence Awards 2023 / September 14, 2023 The award not only acknowledges EROS Group's accomplishments but also highlights the significant strides the company has made in transforming the real estate landscape. From iconic residential complexes to cutting-edge commercial spaces, EROS Group has consistently delivered projects that blend aesthetics, functionality, and sustainability.
Scope of Precast Concrete in Architecture, Design & Aesthetics / September 2023 Whether it's intricate façades, decorative panels, or unique structural elements, precast concrete can be tailored to meet the most demanding design requirements. Moreover, the versatility of precast construction extends to various architectural styles. Whether your project demands a sleek, modern aesthetic or a more traditional appearance, precast concrete can be adapted to suit any design vision.
Eros Group Plants 500 Saplings on World Environment Day / June 05, 2023 Eros Group, India's premier real estate developer and hospitality group, showcased its unwavering dedication to environmental sustainability by leading a plantation drive in celebration of World Environment Day. The event, which took place on June 5th, witnessed the planting of 500 saplings under the guidance of Avneesh Sood, Director of Eros Group.
Eros Group plants 500 saplings on World Environment Day, Demonstrating Its commitment to environmental care / June 05, 2023 World Environment Day is a globally recognized initiative aimed at raising awareness and encouraging action to protect and enhance the environment. Eros Group, known for its responsible approach to development, seized this opportunity to make a positive difference and contribute to a greener future.
Investing in tomorrow: Empowering youth to shape the future of real estate / July 15, 2023 Empowering the youth in the real estate sector holds immense promise for both the individuals and the industry as a whole. By providing them with the necessary skills and knowledge, we can unlock a plethora of benefits. Firstly, it offers the youth a viable career option with abundant opportunities for growth and advancement.
Affordable housing and environmental sustainability: Building a greener future / June 03, 2023 In the realm of real estate, two key concerns have emerged as critical factors for the future: affordable housing and environmental sustainability. With increasing urbanization and the pressing need for environmentally conscious practices, it has become imperative to explore the intersection between affordability and eco-friendly living.
The Economics of Affordable Housing: Balancing costs and quality / June 12, 2023 Affordable housing is essential for a thriving society, meeting the basic need for shelter and enabling individuals and families to enhance their quality of life. In India, rapid urbanization and population growth pose significant challenges, making the economics of affordable housing a crucial topic.
Today is World Environment Day: A case for Inspiring students to innovate for a greener future / June 05, 2023 Providing resources such as technology, funding, mentorship, and research facilities enhances students’ ability to innovate. Collaborations between educational institutions, government bodies, and industry stakeholders bridge the resource gap. Initiatives like the Atal Innovation Mission support students in transforming ideas into reality, fostering innovation and entrepreneurship for a greener future.
If you get the location and branding right, the investment cannot go wrong: Avneesh Sood / May 25, 2023 The Eros Group has acquired two distressed hospitality assets in Chandigarh and Guru in the last three years, and Sood, director of the group that owns Shangri-la Eros Hotel Delhi, Radisson Blu Faridabad and Hyatt Centric Chandigarh, says that the company is to grow the hotel portfolio through all possible opportunities.
Eros Group Event Celebrates MD Raman Sood's 70th Birthday / May 30, 2023 Eros Group embarked on an extraordinary celebration to honour the 70th birthday of their respected Managing Director, Shri. Raman Kumar Sood. The grand occasion, held at Shangri-La’s EROS Hotel, New Delhi, was designed to transport guests back to the enchanting era of the 70’s, evoking a sense of nostalgia and admiration for the iconic times.
Indian Idol Stars Set the Stage Ablaze as EROS Group Celebrates Raman Kumar Sood's 70th Birthday in Majestic Grandeur / May 24, 2023 The event was ingeniously themed as a magnificent 70's movie theatre, captivating the hearts and imaginations of all attendees. Under the dazzling lights and the magical ambiance, guests were whisked away to a world where silver screens held the key to countless dreams and memories. With every detail carefully curated, the atmosphere pulsated with anticipation, echoing the profound impact of the 70s era.
India is on a hitherto unseen airport expansion. But is it enough? / May 28, 2023 According to the Directorate General of Civil Aviation, 3.75 crore passengers travelled on domestic flights in just three months from January to March this year―a growth of 21 per cent. It is usually a lean season, compared with summer holidays in May and June or the festive season from October to December. In fact, the DGCA estimates an air passenger growth of 52 per cent this year.
Are tiny homes trending? / April 07, 2023 As the housing market continues to evolve, a new trend has emerged: tiny homes. These small, compact homes are becoming quite popular in recent years, as more and more people embrace a minimalist lifestyle. With their affordable price points, eco-friendly features, and unique designs, tiny homes are reshaping the housing industry in significant ways.
What slums can teach us about building the cities of the future / April 30, 2023 As our world becomes increasingly urbanized, cities have emerged as hubs of economic and social activity. They offer opportunities for employment, education, healthcare, and cultural enrichment. However, the rapid growth of cities has also given rise to a pressing problem – the proliferation of slums and informal settlements.
Eros Group Is Now Great Place to Work® Certified / March 24, 2024 Eros Group is a Great Place to Work-Certified™ organization. Great Place to Work® Certification is recognized world over by employees and employers alike and is considered the 'Gold Standard' in identifying and recognizing Great Workplace Cultures. Eros Group is a Great Place to Work-Certified™ organization.
Why does India need to set up more schools, with a dedicated urban planning department? / March 26, 2024 India is one of the world’s fastest-growing economies, but its education system is still struggling to keep up with the demands of the country’s burgeoning population. While the government has made significant investments in education over the years, there is still a significant shortage of schools and qualified teachers, particularly in urban areas.
Homes designed for multi-generational living / March 24, 2024 Multi-generational living, now a growing trend, refers to families, consisting of many generations from grandparents to grandchildren, who choose to live together under one roof. The reasons for this type of living arrangement range from financial benefits to cultural traditions, and has become an increasingly popular option for families.
Budget 2023: Many unhappy, but won't say so / February 01, 2023 Nirmala Sitharaman Budget Speech, India Budget 2023: Presenting the Union Budget 2023, Finance Minister Nirmala Sitharaman announces that the capital investment increases for the third year by 33% to 10 lakh crores which come to 3.3% of GDP. The Minister’s speech also lays emphasis on infrastructure and jobs ahead of Modi government’s last full-fledged Budget before the Lok Sabha elections in 2024.
Economic growth and real estate opportunities to flourish along the Delhi-Mumbai Expressway corridor / February 24, 2024 The Delhi-Mumbai Expressway, also known as the Western Dedicated Freight Corridor, is a mega infrastructure project that is set to revolutionize the transportation and logistics landscape of India. These 1,386 km-long expressways connect the national capital Delhi with the financial capital Mumbai and passes through Haryana, Rajasthan, Madhya Pradesh and Gujarat.
The real estate sector reacted cautiously to the Union Budget 2023. Here are the excerpts from a cross section of industry stalwarts / February 01, 2023 The allocation of Rs 79,000 crore in the Budget 2023-24 for the Pradhan Mantri Awas Yojana (PMAY) is a significant step towards fulfilling the government’s commitment to provide affordable housing to the urban poor. The 66 percent increase in funding for PMAY, compared to the previous budget, will provide a much-needed boost to the program and contribute to the growth and development of the country.
Union budget 2023: Focus on affordable housing & tax rebate a positive for real estate / January 11, 2023 The union budget 2023 is expected to be a game changer for the Indian real estate industry. The government has announced several initiatives to improve the investment climate for developers and investors. With the government announcing plans to provide millions of low-income Indians with access to housing.
Union Budget 2023: Key Expectations of the Real Estate Sector / January 30, 2023 The real estate sector of India has high hopes from the Union Budget 2023. Major recommendations such as rationalization of the GST regime, changes in income tax slabs and changes in home loan rates are the key expectations from Budget 2023
Managing guest expectations in the face of labour shortages / May 21, 2023 The hospitality industry in India has been facing a severe shortage of skilled and unskilled labor for several years now. The COVID-19 pandemic has only exacerbated this issue, with many hospitality business struggling to find workers to fill open positions.
Why real estate is becoming an important investment for people? / December 31, 2022 India has the second-largest population in the world, but only a certain percent of its land is classified as urbanized. This means that there are more people than ever before, but the population density is still extremely low. This means that many new jobs will need to be created and built infrastructure for them to work from.
How robust policy and regulatory environment will encourage growth in real estate / October 7, 2022 The Indian real estate sector has been through a lot of ups and downs in recent years, struggling with unsold inventory, low buyers’ confidence, delays in projects, and negative cash flows. However, a number of growth-promoting regulatory developments and initiatives announced over the last couple of years are helping to revive the sector and are expected to pave the way for strong sector growth in the future.
Preparing for A Career in Real Estate Management / September 18, 2021 The Indian real estate sector has been through a lot of ups and downs in recent years, struggling with unsold inventory, low buyers’ confidence, delays in projects, and negative cash flows. However, a number of growth-promoting regulatory developments and initiatives announced over the last couple of years are helping to revive the sector and are expected to pave the way for strong sector growth in the future.
Eros Group to invest Rs 200 crore in developing residential complex in Greater Noida / August 16, 2021 Eros Group has also invested an additional Rs 155 crore to buy James Hotel in Chandigarh (Sec 17) which will be soon operational in the name of Hyatt Centric. Eros Group has two hotels - Shangri-La's Eros in central Delhi and Eros Radisson Blu Hotel in Faridabad, Haryana. It also runs Vishal Cineplex in West Delhi.
Eros Group to invest 125 cr on new housing project in Greater Noida / April 30, 2019 After delivering Eros Sampoornam in Sector 2 at Greater Noida West, Eros Group has launched the second phase of the project, Sampoornam I for which it is investing Rs 125 crore, the company said.
Realty Major Eros Group to invest Rs. 200 crores in Greater Noida to develop 6 new towers at its Flagship Project - Sampoornam / August 16, 2021 On the eve of the 75th year of independence, the real estate giant EROS Group on Monday announces the Launch of 6 more towers (2BHK and 3BHK) at its ongoing project Sampoornam. The towers, comprising 378 units and 14000 sq. meters in area, would be completed by early 2025. The total sales value of these towers will be around Rs 200 crore.
Eros Group launches six towers in Greater Noida, total sales value estimated to be Rs 200 crore / August 16, 2021 Real estate firm Eros Group has launched six more towers in its ongoing project, Sampoornam, in Greater Noida. The total sales value of these towers is expected to be around Rs 200 crore, the company said on August 16.
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