Author: Neeraj Bhaker
Neeraj Bhaker
Neeraj Bhaker, an MBA graduate with over 10 years of experience in the real estate and property sector, brings a wealth of knowledge to his writing. His insights cover the latest trends and updates in the industry, offering valuable perspectives to both investors and homeowners. Neeraj's expertise makes him a trusted voice in the real estate space.
The Delhi Development Authority (DDA) is set to kick off the much-anticipated e-auction for its luxury flats in Dwarka, under the Dwarka Housing Scheme 2024. From September 24, 2024, buyers can bid for a variety of homes, including penthouses, Super HIG, HIG, and MIG category flats. These properties are located in different sectors of Dwarka and are expected to attract a large number of bidders. The auction will be held in two parts, with the first session from 11 am to 12 pm, and the second from 3 pm to 4 pm. Key Highlights of the Dwarka E-Auction DDA had…
In recent years, property prices in India have surged, leading to speculation that they might soon stabilize or even drop. However, the Confederation of Real Estate Developers Association of India (CREDAI) dismisses such concerns, stating that housing demand remains strong across the country. According to CREDAI, the shortage of new projects is the real issue, not a potential recession in the market. Demand for Housing Remains Robust in India CREDAI is preparing for its annual summit, CREDAI Natcon, to be held in Sydney from September 23-26, with more than 1,100 industry leaders attending. On the eve of the summit, CREDAI’s…
If you’re looking to buy a new flat near Noida International Airport, this is an excellent opportunity. The Yamuna Expressway Industrial Development Authority (YEIDA) has introduced a new flat scheme offering 1200 residential units in Greater Noida. The scheme, launched on 19 September 2024, allows interested buyers to apply for flats under the “Choose Your Own House” initiative, a built-up housing scheme designed to offer affordable and modern housing options. Details of the Flat Sizes and Prices The YEIDA 2024 Flat Scheme offers 1239 flats, available in three categories: 1. Affordable Flats (1 BHK) 2. S+4 Flats (1 BHK) 3. …
Delhi Development Authority (DDA) has made it easier for people to access information about its various housing schemes. As part of this new initiative, DDA has introduced a single platform where you can find details about all its housing projects. Whether you’re interested in EWS, LIG, MIG, HIG, or even penthouses, you can now get all the information you need on one link available on the official DDA website. Details Made Simple: From Flat Prices to Nearby Amenities The new platform gives users access to a wide range of information, including the price of flats, facilities in and around the…
If you’ve ever dreamed of waking up to the sound of waves and a stunning sea view, now is your chance! A new luxury residential project called Eye of Goa is set to launch in Sindhudurg, Maharashtra, offering plots for villas starting at just Rs 50 lakhs. This is an excellent opportunity for those looking to invest in coastal real estate or build their dream vacation home. Luxury Living by the Sea The Womacky Group, a reputable real estate developer, is investing Rs 350 crore in this project located on Kalavi Beach. Unlike traditional flats, this project offers residential plots…
In recent years, India’s smaller cities have seen a major boom in their property markets. With rising costs and overcrowding in metro cities like Delhi and Mumbai, many homebuyers and investors are turning towards tier-2 and tier-3 cities, which are becoming popular for affordable yet high-quality living spaces. These cities are not just attracting homebuyers but also developers, who are increasingly focusing on these emerging markets for their new projects. Cities Leading the Real Estate Growth Cities like Faridabad, Lucknow, Ludhiana, Indore, Jaipur, and Dehradun are becoming prominent real estate hubs. According to industry reports, these smaller cities have witnessed…
In a recent meeting held on September 20, the Finance Ministry reviewed the capital expenditure for the Ministry of Housing and Urban Affairs. The Finance Minister emphasized that the target for capital spending this financial year must be achieved. This includes fully utilizing the Rs 28,628 crore allocated in the budget for housing and infrastructure projects. The major focus was on the Pradhan Mantri Awas Yojana (PMAY-Urban), a scheme designed to provide affordable housing to the urban population. Emphasis on Pradhan Mantri Awas Yojana (Urban) Finance Minister Nirmala Sitharaman, through her official social media post, highlighted the need to accelerate…
As life in India’s big cities becomes more challenging due to crowding and rising costs, smaller cities are emerging as attractive alternatives. Tier-2 and Tier-3 cities are not only gaining attention but are also outpacing traditionally dominant markets like Gurgaon and Noida in terms of property growth. The rise in real estate prices in these smaller cities is no longer confined to regular homes, as luxury properties are also being snapped up. Whether it’s a flat, villa, or a plot of land, these cities are seeing a rapid increase in property value. This trend has accelerated post-COVID, with more people…
After a brief post-pandemic boom, India’s real estate sector is showing signs of a slowdown, with home sales expected to dip by 18% in the July-September quarter of 2024. Data from PropEquity, a real estate analytics firm, highlights the steep decline, projecting sales to fall to 1,04,393 units across nine major cities, compared to 1,26,848 units sold in the same period last year. The biggest slump is expected in Hyderabad, where sales are predicted to drop by 42%. Other cities like Bengaluru (26%), Kolkata (23%), Pune (19%), Chennai (18%), Mumbai (17%), and Thane (10%) are also expected to witness significant…
The real estate sector in India continues to show dynamic shifts in housing demand, with cities like Delhi and Navi Mumbai witnessing notable growth, while other major metropolitan areas face a temporary slowdown. According to recent data from PropEquity, housing sales across nine key cities saw mixed trends in the July-September 2024 quarter, with a predicted 18% drop in overall sales compared to the same period last year. Delhi-NCR Leads the Way in Real Estate Growth In the Delhi-NCR region, housing sales are expected to see a significant rise of 22%, reflecting the ongoing demand for homes in the capital…