Omaxe Group Announces Launch of The Omaxe State with INR 2500 Crore Investment

New Delhi, September 3, 2024: Omaxe Group, one of India’s leading real estate developers, has announced the launch of their project, ‘The Omaxe State,’ which will be India’s first integrated 5-in-1 destination for sports, retail, hospitality, food, and culture. Spanning over 50.4 acres in Dwarka Sector 19-B, New Delhi, the project is being developed in partnership with the Delhi Development Authority (DDA) under a public-private partnership (PPP) model, with an investment over Rs 2500 crore.

Aerial View

Delhi, the capital of India with a population of more than 3.3 crore, has long awaited a World-Class Cricket Stadium. The 2nd most populated city of the world, Delhi has missed hosting major World Cup and IPL matches since India vs. England World Cup semi-final played in 1987. The Omaxe State will feature a World-Class, Modern ICC and FIFA-standard International Cricket-cum-Football Stadium with a seating capacity of over 30000, as well as an International Multi-Sports Indoor Stadium that can accommodate 2000 spectators.

The project follows in the footsteps of iconic landmarks such as Queen Elizabeth Olympic Park in London, Accor Arena in Paris, Singapore Sports Hub, and Melbourne Olympic Park to revolutionize India’s sporting and leisure landscape. This groundbreaking project will fill the void and aims to bring world-class sporting events back to Delhi, offering an unparalleled experience and giving Delhiites an opportunity to play, shop, eat and entertain the way world does. The above-mentioned integrated projects are among the most successful projects in their respective countries or cities and contributed to their growth. These are preferred destinations for locals and tourists for shopping, dining, sports, and entertainment needs.

Taking India to the global map, a new state is being developed: The Omaxe State, featuring 5 districts – The Sports District, The Shopping District, The Hospitality District, The Food District, and The Social District. The Omaxe State aims to blend commercial, sports, hospitality, social, and dining facilities into a unique experience in the heart of India.

A highlight of this development is the Food District, inspired by London’s Covent Garden and Carnaby Street. It will be India’s largest F&B space, spanning over 5 lakh square feet, featuring more than 40 fine dining restaurants, night and day clubs, sports bars, three drive-throughs, a large food court, rooftop restaurants, food kiosks, food trucks and banquet facilities.

Adding to the allure, the project features India’s first Air-Conditioned High-Street retail area, with shop fronts extending over 4.2 km, making it the largest private commercial development in Delhi. With 75% of the retail space located on the ground floor, it leverages the superior performance of ground-floor retail. The first floor offers additional retail spaces, a food court, and a five-screen multiplex, all designed with shop heights of 18 and 36 feet to provide a grandeur luxury shopping experience.

Beyond retail, The Omaxe State includes Delhi’s most exclusive invite-only sports and leisure club, a 75,000 sq. ft. E-Sports arena, and a hotel with 148 keys. The complex also features a large banquet space with multi-level parking, an event arena for social and cultural events, an Olympic-sized swimming pool and top-tier facilities for tennis, badminton, squash, basketball, and football.

“Omaxe is humbled by the opportunity to partner with DDA on this transformative project,” said Mohit Goel, Managing Director of Omaxe Group. “With ‘The Omaxe State,’ we aim to provide Delhiites with an international-level experience right here in their own city. This development will bridge a significant gap in Delhi’s infrastructure by offering a world-class venue for sports, shopping, and entertainment. We are thrilled to contribute to the city’s growth and elevate its profile with this unique 5-in-1 destination.”

The project will feature modern, technologically advanced amenities, including 11 entrances, car drop-offs, over 2,200 ECS, and additional surface parking with provisions for future expansion. Strategically located in Sector 19B of Dwarka, Delhi, and developed in collaboration with 24 world-renowned consultants, this project aims to set new standards in urban development. Positioned close to major attractions such as Yashobhoomi (Asia’s largest convention center), IGI Airport (ranked among the world’s top 10 airports), Bharat Vandana Park (spanning 200 acres and one of Delhi’s largest parks, akin to Hyde Park and Central Park), and the upcoming diplomatic enclave with 39 embassies, the project is set to capture significant visitor traffic. The nearby Metrolite light rail system will further enhance accessibility. The project is expected to be completed by 2027 and to generate over Rs 4,200 crore in revenue during its lifecycle.

Omaxe Group’s vision is to provide Delhi with a state-of-the-art commercial, sports, and entertainment hub that not only meets international standards but also becomes a prime landmark in the city.

Brick&Bolt Unveils State-of-the-Art Experience Centre in Noida

Noida, Uttar Pradesh, September 2024 – Brick&Bolt, India’s leading tech-enabled construction company known for its innovative solutions, is proud to announce the launch of its first Experience Centre (EC) in Noida. Located at Sector 10, Gautam Buddha Nagar, this state-of-the-art facility marks a significant milestone in the company’s ambitious growth plan to revolutionize the construction industry across the nation.

Mr. Jayesh Rajpurohit, Co-founder & CEO Brick & Bolt

 Spanning 2,740 sq. ft., the new Experience Centre, combined with office space, is designed to provide customers with an immersive experience of Brick&Bolt’s offerings. Property owners from Noida, Delhi, Greater Noida and Ghaziabad, looking for high-quality construction services but want a more transparent, trustworthy and efficient partner, can walk in to the Experience centre to explore a comprehensive range of products and solutions tailored to meet various construction needs, including the Basic Package, Classic Package, Premium Package, Royal Package, and the Dahlia Package.

 Founded in 2018 by Mr Jayesh Rajpurohit and Mr Arpit Rajpurohit, Brick&Bolt was established with the mission of redefining the construction experience for property owners. The company offers a comprehensive suite of services from design to execution, ensuring seamless delivery, exceptional quality, and customer satisfaction. Key features include over 3,200 customizable floor plan options, 100% money safety with an ESCROW payment mechanism, and a trademarked Quality Assessment System (QASCON) that involves 3 levels of auditing with 470+ quality checks on every project.

 Speaking about the launch, Mr. Jayesh Rajpurohit, Co-Founder and CEO of Brick&Bolt, said, “We anticipate strong engagement from the Noida and NCR market, with the launch of our first Experience Centre in Noida. This region holds immense potential, and our goal is to attract new customers by providing a seamless, omnichannel experience that blends the best of both online and in-person interactions. By showcasing our comprehensive solutions and personalized services, we aim to establish a robust presence and drive significant footfall to the Experience Centre, ensuring that our brand becomes the go-to choice for home and commercial construction in this region.”

 While the Noida EC offers the same high-quality products and solutions available at other Brick&Bolt locations nationwide, the company ensures that its offerings cater to diverse tastes and needs suited to the region. “We maintain a uniform brand standard to ensure that every customer, regardless of location, receives the same high-quality experience and offerings,” added Arpit Rajpurohit, Co-Founder and CTO of Brick&Bolt. “While we take note of local preferences, our core products and solutions remain aligned with our brand values.”

 Brick&Bolt has been at the forefront of driving the shift from an unorganized to an organized construction sector, setting new standards for transparency, efficiency, and quality. Since its inception, the company has completed 7.54 million sq. ft. of construction, encompassing 4,500 units across top-tier cities such as Delhi, Gurgaon, Noida, Ghaziabad, Faridabad, Pune, Bangalore, Hyderabad, Chennai, and Mysore.

 In the near future, Brick&Bolt aims to expand their residential and commercial construction projects across India’s top 25 cities, including Kolkata, Lucknow, Kochi, Nagpur, and Coimbatore, among others, with a goal of delivering

over 35,000 units during this journey. By leveraging technology, they aim to revolutionize urban living and contribute to the development of vibrant, modern communities. Through this expansion, they aim to enhance their market presence while also catering to the growing demand for quality construction in India’s rapidly urbanizing landscape.

Transforming Outdoor Furniture Design: Dubai’s Path Toward a Sustainable Urban Future

Badar AlBlooshi, Chairman of 3DXB Group

Column written by: Badar Rashid AlBlooshi, Chairman of 3DXB Group

September 2, 2024 – Dubai, UAE: Dubai is undergoing a profound transformation in the way it designs its public spaces, with outdoor furniture becoming a key element in enhancing quality of life and achieving sustainability. With the city’s population expected to reach 5.8 million by 2040, there is a growing need for innovative solutions that meet residents’ needs while promoting environmental sustainability.

Sustainability at the Core of Outdoor Furniture Design

Sustainability has become a top priority in outdoor furniture design in Dubai. The city increasingly relies on environmentally friendly and recyclable materials to manufacture these pieces, helping to reduce carbon footprints and promote ecological balance. Dubai’s 2040 Urban Master Plan aims to create green urban spaces that contribute to improving quality of life and fostering social interaction.

Maxi Printer

Technological Innovation: 3D Printing as a Game Changer

One of the most impactful innovations transforming outdoor furniture design in Dubai is 3D printing technology. This technology offers several advantages:

Design Flexibility: 3D printing allows for the creation of custom furniture pieces that precisely align with the unique needs of each urban space, whether it be public parks, schoolyards, or recreational areas. This flexibility enables designers to create environments that cater to diverse user requirements while enhancing the aesthetic appeal of spaces.

Waste Reduction: The precision of 3D printing significantly reduces material waste. Each piece of furniture is produced according to exact specifications, minimizing surplus and ensuring more efficient use of resources.

Accelerated Production: 3D printing technology accelerates the production process for outdoor furniture, allowing for the rapid fulfillment of project demands. This is particularly crucial in a city like Dubai, where urban development is moving at a rapid pace.

Innovative Designs: 3D printing offers virtually limitless design possibilities, enabling the creation of unique pieces that reflect Dubai’s distinctive architectural identity. Designers can now push the boundaries of traditional design and explore new avenues of creative expression.

Dubai 2040: A Vision for a Sustainable Urban Future

Dubai’s 2040 Urban Master Plan is built on the foundation of developing infrastructure that supports sustainable mobility and increases the city’s green spaces. This ambitious plan seeks to enhance the quality of life by transforming public areas into spaces that encourage social interaction and physical activity. 3D-printed outdoor furniture plays a vital role in this vision, contributing to the creation of sustainable and attractive urban environments.

3DXB’s Commitment to Supporting Dubai’s Vision

In light of these transformations, 3DXB Group is committed to supporting Dubai’s 2040 vision by providing innovative and sustainable outdoor furniture solutions. Leveraging 3D printing technology, the group delivers custom-designed furniture pieces that meet the diverse needs of Dubai’s urban spaces, enhancing the city’s aesthetics and helping to achieve its strategic goals.

Mumbai Sees 8% YoY Rise in Property Registrations for August 2024; Stamp Duty Collections Surge by 32%

Mumbai’s real estate market demonstrated resilience in August 2024, with property registrations marking an 8% year-on-year increase. The total number of registrations climbed to 11,735, up from 10,902 in August 2023, as per the latest data from the Inspector General of Registration and Controller of Stamps, Maharashtra. Despite a seasonal dip due to the monsoon, which led to a 5% decrease in registrations from July 2024’s 12,373 registrations, the market’s overall performance remained strong.

In a significant boost to the state’s revenue, stamp duty collections from property registrations in Mumbai surged by over 32%, reaching ₹1,072 crore in August 2024 compared to ₹810 crore during the same period last year. In July 2024, the stamp duty collections stood at ₹1,064 crore, according to the data. Of the total property registrations in Mumbai in August 2024, residential units constitute roughly around 80%, according to Knight Frank India.
Mr. Prashant Sharma - President, NAREDCO Maharashtra

Mr. Prashant Sharma, President, NAREDCO Maharashtra
“The sustained growth in property registrations in Mumbai, exemplified by the remarkable year-on-year increase observed in August 2024, underscores the resilience and strength of Mumbai’s real estate market. These figures not only reflect strong buyer confidence but also attest to the effectiveness of recent policy initiatives and favorable economic conditions that have boosted demand. The concurrent rise in stamp duty collections further emphasizes the ongoing momentum in property transactions and indicates a healthy market appetite. Moving forward, it is essential to nurture an environment that supports this growth, ensuring that the real estate sector continues to be a pivotal driver of economic progress in Maharashtra.”
Real Estate after 5 years of demonetizationMr. Pritam Chivukula, Co-Founder & Director, Tridhaatu Realty and Vice President, CREDAI-MCHI
“The significant surge in property registrations and the increase in stamp duty collections in Mumbai for August 2024 highlight a strong market demand and growing consumer confidence. Larger and more spacious residential properties continue to find favor with an increase in demand among home buyers. The demand for property in the central suburbs seems steady and underscores the resilience of the Mumbai real estate market. We are committed to supporting this growth story by addressing key challenges and enhancing market conditions to ensure continued investor confidence and sector vibrancy.”

 

Vedanshu Kedia, Director, Prescon GroupMr. Vedanshu Kedia, Director, Prescon Group
“The substantial surge in home sales underscores the strong demand for home ownership and the high value buyers place on it. This uptick is supported by robust economic growth, significant infrastructure upgrades that are improving connectivity, and a growing inclination towards luxury living. The appeal of green surroundings, upscale amenities, and premium features has particularly fueled momentum in the housing market, leading to larger homes and heightened sales in the luxury segment.”

 

Mr. Rajeev Ranjan, Co-Founder & CEO, The Mentors Real Estate Advisory Pvt LtdMr. Rajeev Ranjan, Co-Founder & CEO, The Mentors Real Estate Advisory Pvt Ltd
“The steady increase in property registrations in Mumbai underscores the continued resilience and attractiveness of the city’s real estate market. Despite the seasonal impact of the monsoon, which led to a slight dip in registrations compared to July, the overall demand remains robust, particularly in the mid-sized apartment segment. The rise in stamp duty collections also reflects the increasing transaction values, driven by a shift towards larger apartments, which is a positive indicator of growing consumer confidence and purchasing power. As the market continues to evolve, we anticipate sustained interest in emerging areas, evidenced by the increased share of registrations outside the traditional western and central suburbs. This diversification points to a broader geographic spread of real estate activity in Mumbai, signaling a healthy and dynamic market moving forward.”

Mana Yatri App Wins Over Hyderabad with Low Prices, Fast Bookings, and Low Cancellations

Hyderabad, September 02, 2024: Mana Yatri, Hyderabad’s home-grown cab and auto booking app, is rapidly gaining traction and emerging as a game-changer in tackling the city’s commute challenges. With a people-first approach, Mana Yatri has onboarded over 35,000 autos and 25,000 cabs, providing a reliable alternative to traditional apps. It offers fast bookings, with average times as low as 30 seconds for autos and 40 seconds for cabs. It is becoming Hyderabad’s favourite app, creating a win-win for drivers and passengers. As part of the government-backed T-Hub and ONDC, Mana Yatri belongs to the Namma Yatri family of apps, which have enabled drivers to earn ₹800 Cr without any commission and helped passengers save nearly ₹100 Cr on their commute expenses.

Mana Yatri also has lower driver cancellation rates and superior service quality compared to other apps. This is attributed to Mana Yatri’s unique approach to driver empowerment and enhanced ownership. Operating on a zero-commission model, the app allows drivers to retain 100% of their earnings, which not only benefits them financially but also motivates them to provide better service like low cancellations.

Mahankali Srinivas Rao, CEO of T-Hub, stated, “Mana Yatri’s approach marks a significant shift in how mobility is perceived in Hyderabad. They’ve partnered with T-Hub, Telangana’s innovation epicentre, to create a model that benefits both passengers and drivers. I’m pleased to see their commitment to improving service quality by closely collaborating with the driver community to reduce booking times and cancellations. It is building a fair, efficient transport network that supports Hyderabad’s growth. I encourage the people of Hyderabad to support Mana Yatri drivers in setting new benchmarks for community-driven initiatives in the city.”

The app has been receiving positive feedback for reducing commute costs and offering better services. Ms. Mounika, a 28-year-old software professional, shared, “Mana Yatri is my go-to app for cabs. The prices are usually cheaper compared to other apps, and the drivers are happy since they receive full payment. My commuting is stress-free thanks to quick bookings and low cancellations!” Another user, Mr. Satyavart, a marketing professional, added, “A driver suggested I try the app. It’s a new model, and I’m happy with both the service and price. I’m now a regular user and highly recommend giving it a try.”

Mana Yatri Drivers also shared how the app is positively transforming their lives. Mr. Raju Nayak, a cab driver from Miyapur, said, “Mana Yatri is Mana App. With no commission cuts, every rupee I earn goes directly to my family.” AITUC State Secretary of Telangana, Mr. B. Venkatesham summed it as, “Mana Yatri is people’s app, and all customers are Mana customers. It motivates us to provide the best service.” By maintaining its driver-first approach, Mana Yatri empowers drivers to offer reliable, affordable, and quality rides. As a community-driven app, Mana Yatri remains open to contributions and suggestions.

Signature Global’s Titanium SPR Project Achieves Green Excellence with Dual Certifications

Gurugram, September 02nd 2024: Signature Global, a leader in sustainable real estate development, added another feather in its cap for its premium residential project, Titanium SPR, located in Sector 71, Southern Peripheral Road (SPR), Gurugram. The project has been awarded the prestigious EDGE (Excellence in Design for Greater Efficiencies) certification. EDGE is a globally recognized green building certification system that emphasizes resource efficiency in buildings and conferred by IFC(landing arm of World Bank). This recognition highlights the project’s outstanding commitment to environmental sustainability and resource efficiency. Signature Global’s unwavering commitment to sustainable innovation and environmental excellence is further demonstrated by Titanium SPR being the project in Gurgaon to achieve dual certification of both EDGE certification and IGBC (Indian Green Building Council) Gold certification.

Sharing his thoughts, Mr. Lalit Kumar Aggarwal, Co-Founder and Vice- Chairman of Signature Global (India) Ltd., said, “The dual EDGE and IGBC Gold certifications are not just accolades but a reflection of our commitment to environmental conservation and sustainable development. By being one of the only residential projects in Gurgaon to have these dual certifications ensures that homeowners in Titanium SPR will not only enjoy luxurious living spaces but also contribute to a healthier, more sustainable community. We believe in building homes that are in harmony with nature, and Titanium SPR is a shining example of that vision.”

These dual certifications underline the Signature Global’s dedication to creating world-class indoor environments while safeguarding natural resources. The EDGE and IGBC Gold certifications bring numerous advantages to homeowners and the larger community. For residents, these certifications translate into lower utility bills, improved indoor air quality, and enhanced comfort through innovative design and construction techniques. For the community, the reduced environmental footprint of Titanium SPR means a cleaner, healthier environment with fewer carbon emissions and better resource management.

The Titanium SPR project has been meticulously designed to set new benchmarks in sustainable living. The EDGE certification is a testament to this, with the project predicted to save an impressive 67% more energy and 27% more water compared to traditional residential buildings. Additionally, the overall embodied energy savings of the project exceed 42%. These significant reductions not only benefit the environment but also contribute to long-term cost savings for residents. By achieving this certification, Signature Global Titanium SPR has made a lasting impact, ensuring a healthier, more sustainable environment for the community and future generations.

Signature Global Titanium SPR is an aesthetically premium residential project spanning 14.382 acres in Sector 71, SPR, Gurugram. The project features 608 high-end condominiums, offering spacious 3.5 BHK and exclusive 4.5 BHK units designed for privacy and luxury. Each tower rises an impressive 40 floors, inspired by Singapore’s elegant architecture, and integrates biophilic design principles to enhance well-being. Strategically located on the Southern Peripheral Road (SPR), Titanium SPR offers seamless connectivity to Delhi and key routes, including NH-8, the Delhi-Jaipur highway, and Dwarka Expressway. The project is equipped with over 55 exclusive amenities, including a sky garden, subterranean parking, and a grand triple-height entrance lobby, ensuring a resort-like living experience. Titanium SPR exemplifies Signature Global’s dedication to sustainable development, with 91% of the project area dedicated to green and open spaces, and the use of eco-friendly materials that reduce CO2 emission.

Most Renter-Friendly US States in 2024

Looking for a place to rent but want to make sure you get the best bang for your buck? All while ensuring that your prospective property meets certain requirements, like having a swift deposit return time, a fair deposit amount, and strong repair policies?

Well, we’ve done the research so you don’t have to, and found the 10 most renter-friendly states in the US. Using reliable sources from government websites, plus data from our own archives, we analyzed nine different data points for all 50 US states and gave each one a score out of 50 for each area. Overall, the highest-scoring location was Massachusetts, making it the most renter-friendly.

But, if the state in New England is too far from home, there are plenty of other places with a positive renting reputation. From Minnesota to Arizona, and Iowa to Oregon, let’s find the best renting location for you…

top 10 states to rent in us

Top 10 Tenant-Friendly States

Who made it onto the most renter-friendly US state list? Just a heads up, our research actually included the 25 best states to rent in, but we decided to zoom in on the top 10 due to their scoring results. Don’t worry though, we’ve dropped the last 15 at the end for you to check out.

1. Massachusetts

Despite Massachusetts being the sixth-smallest state by land area, it comes in first for being the best place to rent. This is for a multitude of reasons. For example, Massachusetts has a large number of rental properties available and also has strict landlord requirements and laws.

The state also ranked highest for termination notice for violations, giving the tenant 14 days to pay rent or move before the landlord can file for eviction.

In terms of lifestyle, Massachusetts is probably most famous for its wide choice of colleges and universities, notably the prestigious Harvard University.

Massachusetts also has a reputation for political and social progressivism and cultural diversity, which is why it’s a perfect place to live for those looking to improve their quality of life.

Plus, the state has great healthcare, an impressive job market, and is a hub of opportunity. In terms of scenery, the state boasts some stunning beaches and incredible mountains and valleys thanks to its New England position.

2. Connecticut

Neighboring Massachusetts and located in southern New England is Connecticut – the state that had the second least eviction notices and ranked number two for its excellent repair policies.

Not only is it the second-best renter-friendly state, but it’s also a favorite for those who consider outstanding nature a non-negotiable. Nearly 60% of Connecticut is covered in woodland, but the state also has pristine lakes and idyllic beaches.

Elsewhere, it’s got one of the highest quality of life rankings in the US and low crime rates, which no doubt contributes to the former. In terms of education, Connecticut has highly ranked institutions, with high schools and college graduation rates being higher than average.

3. Rhode Island

Up next is Rhode Island, which is also referred to as the ‘Ocean State’ thanks to its 640 km of coastline. The state is mostly known for its beaches, sailing, seafood, and picturesque coastal towns.

Like Connecticut, Rhode Island had a lower number of eviction notice downloads, with only one being reported in 2023. It also came in third for the amount of deposit needed, with tenants only being required to pay one month in advance.

Despite being the smallest state in the US, Rhode Island has a lot more to offer, including a rich art history. The state is home to Providence, aka ‘The Creative Capital,’ where you’ll find a slew of artsy hangouts.

At its core, life in Rhode Island is laid back and easy. It’s the perfect location for those who are seeking a unique coastal lifestyle but still want access to larger cities and bustling culture.

4. Minnesota

Minnesota is known as the ‘Land of 10,000 Lakes’ because of its 14,000+ bodies of fresh water. Renting-wise, it’s also a land that’s ideal to set up roots in due to its eight landlord-tenant laws and its generous – and longer – notice period than other states.

The state borders Canada, and due to its geographical location, it can get pretty cold in winter. But, this makes it perfect for a thriving ice hockey scene, plus the ideal destination for ice fishing, cross-country skiing, and other snow sports.

However, there’s also plenty of farmland, prairies, and forests. In terms of being welcoming, the state has been dubbed ‘Minnesota Nice’ due to its friendly residents.

Meanwhile – as well as ranking on the renter-friendly list – Minnesota was also named in the top 10 best US states to live in, according to WalletHub. This was due to its high quality of life thanks to its excellent healthcare system, quality education, a strong sense of community, and, of course, its natural beauty.

5. New York

You might be surprised to find New York so high up on the renter-friendly list, considering it’s one of the most famous locations in the world.

But with a good amount of properties available to rent, plus a quick turnaround time of 14 days in terms of deposit refunds, New York has proved itself as an all-rounder when looking for a place to live.

Home to some of the world’s most iconic landmarks like Times Square, Central Park, Niagara Falls, and Grand Central Terminal, New York State also offers its residents a myriad of job and career opportunities in almost any sector.

In terms of leisure activities, it ticks all the boxes, with award-winning theaters, restaurants, museums, parks, and an abundance of cultural activities right on your doorstep.

For those seeking a more suburban lifestyle but still want links to the Big Apple, New York State is obviously ideal. This is because it’s got plenty of affordable housing and family-friendly neighborhoods.

6. Oregon

Oregon scored the highest out of all the states for the number of landlord requirements and laws, giving the location legitimacy in terms of renting. The state also ranked well for rent control laws, coming in second just short of California.

But a positive renting reputation isn’t Oregon’s only great asset – it’s also a unique state that’s often defined by the contrasting landscapes. From its dramatic canyons to the snow-dusted mountains, its rugged coastline and lush valleys, Oregon is also home to some impressive beaches, lively cities, and charming towns.

Nature aside, the state has a strong, thriving economy and is home to a slew of different industries, including education, technology, and healthcare. Oregon has a relatively low unemployment rate coupled with a median household income which is a little higher than the national average.

In terms of politics and social policies, the state is known for being very progressive, which, to many, is an important aspect when considering where to live. Another fun fact about Oregon is that it’s slightly larger than the United Kingdom, so you’ll never run out of places to explore.

7. South Dakota

Located in the North Central region of the US, South Dakota is part of the Great Plains. The state is named after the Dakota Sioux tribe, which makes up a large chunk of the population.

South Dakota is considered to be the happiest state in North America because of its incredibly strong economy. This makes it a perfect place for start-ups, as small businesses are given the opportunity and resources to grow.

Residents also find South Dakota a great place to live because of its rental requirements. Not only does the state provide a fair deposit return time (14 days if there are no deductions, 45 days if there are deductions), but the rent is extremely affordable too. With an average monthly charge of $761 against an average monthly wage of $4,158, South Dakota’s rent prices as a % of income equate to 18.30%.

There are also some pretty impressive landmarks all over the state, including Mount Rushmore National Memorial, Badlands National Park, the Black Hills, and the Missouri River.

8. Arizona

Of course, Arizona is known as the ‘Grand Canyon State.’ Its most famous and iconic feature is the Grand Canyon, after all.

The state has plenty of other cultural and natural landmarks to explore, which means residents will be in the vicinity of the red rocks of Sedona, the Hoover Dam, the Saguaro cactus, panoramic desert landscapes, and the Native American culture.

Renting-wise, South Dakota made it onto the list for a number of reasons, including its deposit return time of 14 days if there are no deductions, or 45 days if there are deductions, _and _the low amount of deposit needed. Tenants will only need to pay their landlords one month’s rent in advance, leading South Dakota to sit just below Rhode Island.

The state is notorious for its hot and dry climate, so for those who love basking in the sun, Arizona has more than 300 days of sunshine a year. Due to the above reasons – from Arizona’s natural beauty, warm climate, and plenty of recreational activities – many people find the location an ideal state to set up roots.

Plus, because Arizona borders Mexico, plenty of Americans visit the country for weekend trips and other leisure activities. Arizona’s geographical location makes it pretty easy to enjoy Mexico’s culture, cuisine, and natural beauty, whether for a short getaway or a longer holiday.

9. Iowa

Tradition says that ‘Iowa’ in the Native American tongue means ‘Beautiful Land.’ According to reports, this phrase was being used to describe the mid-western state from as early as the mid-nineteenth century.

So, the fact that the state is in the top 10 renter-friendly list is only an added benefit. In fact, there are multiple benefits to renting in Iowa – the first being that the average rent price is $806 while the average monthly income is $4,460. Meanwhile, in 2023, there were only five eviction notice downloads recorded.

Residents of Iowa will tell you that there are a lot of reasons to love the state, from its wide-open spaces, unique cuisine, friendly communities, and recreational activities. In Iowa, you’ll find plenty of natural beauty, including breathtaking rivers and lakes, rolling hills, and sprawling prairies.

Meanwhile, it has a low employment rate, is one of the top educational performers in terms of schools and universities, and has a diversified economy thanks to finance, manufacturing, biotechnology, agricultural, and insurance industries.

10. Nebraska

Nebraska is another model state to rent in thanks to its short deposit return time (14 days after the tenant moves out) and the deposit amount needed: one month’s rent, excluding pet fees.

Should you be considering moving to Nebraska, there are a few things you should know about the state and what it’s most famous for. See: corn and its football team, The Cornhuskers. Hence, it earned the nickname ‘Cornhusker State.’

When looking at quality of life, Nebraska has a lot to offer. Lincoln, its capital, is a vibrant university town and the base of the sports team, which was founded 134 years ago.

The state has a vast agricultural landscape and also encompasses the prairies of the Great Plains, like its neighboring state, South Dakota. In Nebraska, you’ll find a combination of job opportunities, affordability, quality education, cultural richness, and friendly residents who will be ready to welcome you with a warm smile.

The other states that made it onto the renter-friendly list are:

  • North Dakota
  • Kansas
  • Maine
  • Wisconsin
  • Pennsylvania
  • Alabama
  • Washington
  • New Mexico
  • Colorado
  • New Jersey
  • Michigan
  • New Hampshire
  • Ohio
  • North Carolina
  • Tennessee

So, where will you set down your renting roots?

best states to rent in us

What data areas were used to calculate the scores?

The nine data areas that we used to calculate the scores were as follows. Also included is how each state ranked, so depending on what you value the most, you can make a more informed renting decision.

No. rental properties available per capita

(The higher the number, the better the score)
Top 5 states: Florida, Massachusetts, Nevada, Colorado and Arizona.rental properties per capita

Rent prices as a % of income

(The lower the number, the better the score)
Top 5 states: Ohio, North Dakota, West Virginia, Iowa and Kentucky.best states prices by income

Eviction notices by state

(A lower number of evictions meant a better score)
Top 5 states: North Dakota, Connecticut, Rhode Island, South Dakota and Iowa.eviction notices by state

Deposit amount needed

(A lower deposit needed meant a better score)
Top 5 states: Alabama, Massachusetts, Rhode Island, South Dakota and Hawaii.deposit amount needed

Deposit return time

(The shorter the deposit return time, the better the score)
Top 5 states: Arizona, Hawaii, Nebraska, New York and South Dakota.deposit return time

Repair policies

(The stronger the repair policies were, and if the state allowed the use of the repair and deduct policy, the better the score)
Top 5 states: Arizona, Connecticut, Georgia, Hawaii and Nevada.repair policies

Landlord requirements/laws

(The more laws for landlords, the better the score)
Top 5 states: Oregon, Massachusetts, Minnesota, Nevada and California.landlord requirements and laws

Rent control laws

(States with rent control received a higher score, those without a lower score)
Top 5 states: California, Oregon, Maine, Maryland and New Jersey.rent control laws

Termination notice for violations

(The longer the notice period the higher the score)
Top 5 states: Massachusetts, Minnesota, Tennessee, Vermont and Washington.

Read the original article here: https://www.lawdistrict.com/articles/most-renter-friendly-us-states

Yamuna Expressway Property Prices Soar: Flats Up 170%, Land Up 450% in 5 Years – Geetanjali Homestate

Greater Noida, 2nd september 2024 – Geetanjali Homestate, a leading real estate consultancy, has unveiled its latest report on property pricing trends along the Yamuna Expressway, highlighting significant growth in real estate values over the past five years. The report reveals a dramatic surge in property prices, with apartment rates escalating by 170% and land prices witnessing an astounding 450% growth in the last five years, marking the Yamuna Expressway as one of the most lucrative investment hubs in the Delhi-NCR region.

Year-on-Year Breakdown of Property Prices

The report reveals the modest beginnings of this price surge in 2019, where the average price for flats or apartments along the Yamuna Expressway ranged between Rs 2,800 – 3,000 per square foot, while land/plot prices hovered around Rs 1,200 – 1,300 per square foot. In 2020, despite the onset of the COVID-19 pandemic, there was a slight appreciation in prices, with apartments averaging between Rs 3,200 – 3,300 per square foot and land prices remaining stable at Rs 1,250 – 1,300 per square foot.

The real estate market along the Yamuna Expressway began to gain momentum in 2021, driven by the gradual return to normalcy and increased interest in suburban properties. Apartment prices rose to Rs 3,400 – 3,600 per square foot, while land prices saw a notable increase to Rs 2,000 – 2,200 per square foot. This period marked the beginning of a significant upward trajectory in property values, setting the stage for the boom in the subsequent years.

By 2022, the effects of improved infrastructure and the growing desirability of the Yamuna Expressway as a prime residential and commercial location became evident. Apartment prices surged further, reaching Rs 3,600 – 3,800 per square foot, while land prices nearly doubled to Rs 3,400 – 3,600 per square foot. This year was particularly crucial as it underscored the region’s emergence as a preferred destination for investors and homebuyers alike.

The property market along the Yamuna Expressway witnessed unprecedented growth in 2023. The average price for apartments skyrocketed to Rs 4,900 – 5,100 per square foot, while land prices soared to an impressive Rs 5,900 – 6,100 per square foot. This remarkable growth was largely attributed to several key developments, including the upcoming Jewar Airport, the expansion of the Noida International Airport, and enhanced connectivity through the Delhi-Mumbai Industrial Corridor (DMIC).

As of 2024, the report highlights that apartment prices along the Yamuna Expressway have reached an average of Rs 7,900 – 8,100 per square foot, with land prices now averaging between Rs 6,900 – 7,100 per square foot. This year-on-year surge reflects a 170% increase in apartment prices and a staggering 450% growth in land prices over the past five years, making the Yamuna Expressway one of the fastest-growing real estate corridors in India.

Builder floor prices have also shown a robust increase, with a notable 35.6% rise in just the last year and a 43.5% increase over the past three years. These numbers underscore the growing demand for residential properties in this burgeoning region.

Sunil Sisodiya, Founder of Geetanjali Homestate, commented on the findings: “The remarkable price surge along the Yamuna Expressway can be attributed to several key factors. The strategic location, coupled with the upcoming Jewar Airport and other infrastructural developments, has significantly enhanced the area’s connectivity and appeal. Additionally, the rising demand for residential and commercial spaces, fueled by the growing interest in suburban living, has driven property prices to new heights. The Yamuna Expressway is rapidly emerging as a real estate goldmine, offering substantial returns for investors.”

The report further notes that the increasing preference for spacious living, driven by the remote work culture and the desire for a better quality of life, has played a crucial role in driving demand for properties along the Yamuna Expressway. With its proximity to major urban centers, yet offering the tranquility of suburban living, the region is perfectly poised to attract homebuyers and investors seeking long-term gains.

Geetanjali Homestate’s report underscores the significant potential of the Yamuna Expressway as a prime real estate investment destination. The substantial year-on-year price appreciation across all property segments highlights the region’s growing importance in the Delhi-NCR real estate market. As infrastructural projects near completion and the region continues to develop, the Yamuna Expressway is set to remain a hotspot for real estate investments, offering promising opportunities for both residential and commercial buyers.

Deputy CM Shivakumar Assures Support to Real Estate Industry

CREDAI Bengaluru Meeting with DCM - D. K. Shivakumar - Photo 1
Deputy CM Shivakumar Assures Support to Real Estate Industry CREDAI Bengaluru delegation led by its president Amar Mysore, and members including M.R. Jaishankar, Executive Chairman, Brigade Group, met with key Karnataka government officials, including D. K. Shivakumar, Deputy Chief Minister, Government of Karnataka, Eshwar Khandre, Minister for Forest, Ecology and Environment Government of Karnataka, N A Haris MLA, Shantinagar Constituency, Sharath Bachegowda, MLA, Hosakote Constituency, Tushar Girinath, Chief Commissioner, BBMP and Rakesh Singh, IAS Chairperson, Karnataka Real Estate Regulatory Authority (K-RERA) at Vikasa Soudha today. CREDAI Bengaluru presented a memorandum underlining concerns faced by the real estate sector in the city. During the meeting, Deputy CM Shivakumar assured CREDAI Bengaluru of his government’s commitment to addressing their concerns. He highlighted the importance of the real estate industry’s contribution to the state’s GDP and emphasized that the government is making all efforts to streamline processes and provide necessary support.

SpectrumMetro: Expanding Horizons With New Brands For a Complete Family Entertainment

By-Ajendra Singh, Vice President Sales and Marketing, Spectrum Metro.

Spectrum@Metro, a leading high-street commercial project in Noida, continues to become an ultimate destination where family fun meets vibrant shopping and dining. With the addition of prominent new brands like Haldiram’s, Cult. Fit, Xero degrees, and more, Spectrum@Metro offers comprehensive experiences that cater to all ages. Through world-class amenities spread across its expansive phases and strategic proximity to residential areas like Noida, Greater Noida, Ghaziabad, and Delhi, Spectrum@Metro serves a wide range of visitors.

Spectrum@metro

Strategic Location, Unmatched Accessibility
One of the key advantages of Spectrum@Metro is its excellent connectivity. Situated in Noida Sector 75 and located just a few minutes away from the Noida Sector 50 metro station, it ensures convenient access for daily commuters and visitors. So, if you need a quick shopping fix or a day out with the family, you are just a hop away! Moreover, its proximity to major highways, including the Noida-Greater Expressway, provides seamless connectivity to key business districts and residential hubs across the NCR region. This ease of access, combined with its extensive range of offerings, makes Spectrum@Metro a preferred destination for families looking to unwind, shop, and indulge in entertainment.

A Shopper’s Paradise
The array of retail options at Sepctrum@Metro caters to all your shopping needs, whether you’re looking for the latest fashion trends, home decor, or everyday essentials. From globally renowned brands like Cult. Fit, covering an area of 10600 sq. ft., to exclusive names like HDFC Bank, Acer, and more, the high-street project offers a wide variety of choices, ensuring that every shopper finds something to love.

A Rich Culinary Experience
The experience doesn’t end here! When hunger calls, visitors can choose from a diverse range of dining options. Food connoisseurs can enjoy at the newly launched Xero Degrees or savor the flavors at Shree Navratan Thali, which spans 2,300 sq. ft., among many other choices. For a quick snack or a leisurely meal, Haldiram’s offers a spacious 8,740 sq. ft. area, enhancing the culinary scene at Spectrum@Metro with a variety of delightful treats.

Exciting Entertainment for All
For those looking to have fun, phase 1 of Spectrum@Metro comprises a family entertainment zone that allows visitors to enjoy the adventurous world of Speed Karting and Paint Ball. Spanning 9800 sq. ft., the Speed Karting offers adrenaline-packed fun for all ages. In addition, the Paint Ball spreads across an area of 4000 sq. ft., providing an exciting and competitive experience for thrill-seekers. The Paint Ball arena is equipped with state-of-the-art safety gear and vibrant obstacles, ensuring a safe and immersive environment for players.

Hence, Spectrum@Metro is more than just a shopping and entertainment complex; it’s a destination where families come together to create memories. With its wide-ranging offerings that cater to all age groups, it provides a complete experience that blends fun, relaxation, and convenience. As it continues to expand with its ongoing development, including the addition of new attractions and brands, Spectrum@Metro is set to become an even more vibrant hub for leisure and entertainment.