Mumbai, 23rd September 2024 – As the festive season kicks off, the Indian real estate market is poised for record growth, with buyer demand hitting new highs. Traditionally regarded as an auspicious time for investments, this period is marked by heightened activity from both developers and homebuyers alike. Favorable market conditions, including low-interest rates, government incentives, and the rise of first-time homebuyers, are fueling this boom, particularly in prime locations and affordable housing segments. A significant uptick in inquiries and bookings has been reported, as the auspicious periods of Diwali and Dhanteras approach—key moments for home-buying in India. Industry experts believe this surge is set to continue throughout the season, with developers offering tailored schemes to attract buyers.

Shitij Kaushal, Head of mymagnet.io, a channel sales arm of Homesfy Realty Limited, commented on the trend:
“This year, we’re seeing flexible payment plans requiring only 10% to 20% upfront, this was the trend especially around Ganesh Chaturthi. These plans are encouraging buyers to make purchases with minimal down payments—a trend that first gained traction last year. During the previous festive season, property registrations jumped by 30% compared to 2022, with this time being seen as a prime opportunity for purchasing homes and starting new ventures. Developers are in sync with consumer sentiment and have strategically planned new launches to coincide with the festive period.”

According to a report, sales in H1 2024 reached 1,73,241 units across the top 8 cities, marking the highest volume in the past decade. Market sentiment remains optimistic for the second half of the year, as developers prepare to align their offerings with the festive spirit. Additional incentives, such as stamp duty waivers, construction-linked payment plans, and promotional giveaways like gold coins and electronic devices, are expected to be rolled out to entice potential buyers.

Shitij Kaushal further added, “The prediction is that this positive momentum will continue even after the festive season, with developers leveraging value-driven incentives to maintain buyer interest. The Indian real estate sector is set for sustained growth throughout 2024, driven by consumer-friendly schemes, favorable market conditions, and a strong inclination towards homeownership.”

With favorable payment options, rising consumer confidence, and strategic offers from developers, the festive season is projected to solidify the sector’s upward trajectory well into 2025, cementing the Indian real estate market as a key driver of economic growth.

Antica Ceramica, a leading tile manufacturer in India, has launched its latest innovation, the Stonet Outdoor Tile Collection, designed to transform exterior spaces such as patios, terraces, and poolside areas into beautiful and functional environments. The collection combines durability, slip resistance, and eco-friendliness with aesthetic appeal, making it a perfect choice for modern outdoor living.

With outdoor spaces becoming essential extensions of homes, the right flooring is crucial. The Stonet Collection provides tiles that not only enhance the beauty of outdoor areas but also ensure long-lasting performance. Designed to withstand harsh weather conditions such as rain, heat, and frost, the tiles offer resistance to wear and tear, ensuring they retain their appearance and functionality over time.

Safety is a key consideration for outdoor surfaces, especially around pools or garden pathways. The Stonet tiles feature slip-resistant surfaces, providing better grip even in wet conditions, reducing the risk of slips and falls. Additionally, the tiles are low maintenance, resisting stains, mold, and mildew, and can be easily cleaned, making them ideal for high-traffic areas.

The collection offers a wide range of styles, materials, colors, and textures, allowing homeowners to create unique and visually appealing outdoor spaces. From rustic stone finishes to sleek modern looks, the Stonet tiles cater to a variety of design preferences. For environmentally conscious buyers, the collection includes eco-friendly options made from natural stone and sustainable materials, offering a green solution for outdoor design.

Rahul Bhugra, Director of Antica Ceramica, commented on the new launch: “With the Stonet Outdoor Tile Collection, we aim to give homeowners and designers a versatile, high-performance tile solution that enhances the beauty and safety of outdoor spaces. We believe this collection will inspire new ideas in exterior design and deliver long-lasting value.”

Antica Ceramica’s Stonet Collection also includes outdoor-grade ceramic tiles, providing a budget-friendly option for those looking to enhance their outdoor areas. These tiles come in a variety of patterns and colors, offering decent performance in moderate climates.

As a trusted name in the tile manufacturing industry, Antica Ceramica continues to innovate and set benchmarks with its premium tile solutions. The Stonet Outdoor Tile Collection reaffirms the company’s commitment to creating products that blend style, functionality, and durability for both residential and commercial projects.

Mumbai, 23rd September, 2024: Aparna Constructions and Estates Private Limited, a leading real estate developer in South India, has donated INR 1 crore each to the Chief Minister’s Relief Fund in Telangana and the Andhra Pradesh State Disaster Management Authority. The donation comes in response to the devastating floods that have recently impacted both states.

In light of the ongoing efforts to provide aid and relief to affected communities, the funds will be directed toward disaster management and rehabilitation initiatives. Over their journey of 28 years, Aparna Constructions has been committed to contributing to social welfare and holistic community development in the regions of Telangana and Andhra Pradesh.

“Telangana and Andhra Pradesh has been at the core of Aparna Group, and we are deeply focused on assisting local communities, who are facing frequent climate complexities. Addressing the current situation, our contribution to the CM Relief Fund and the State Disaster Management Authority, is an extension of our commitment and will be dedicated towards rehabilitation in the regions. At Aparna Constructions, giving back to the communities is not just a responsibility but a privilege and we will continue lending our support in every way we can”, said Mr. S.S. Reddy, Managing Director, Aparna Constructions and Estates.

In the past, Aparna Constructions has donated INR 5 crore toward Covid-19 relief efforts. The company has consistently taken initiatives that extend beyond real estate development, highlighting its commitment to corporate social responsibility and community-driven projects.

Aparna Constructions also runs an ongoing initiative, AparnaAnswer.org, aimed at making a difference in the lives of vulnerable children by providing quality education, a secure home, and ensuring their nutrition, health, and well-being. Since its inception, this initiative has helped children lead a better quality of life and grow up to become responsible citizens of the country.

New Delhi, 23rd September 2024: Gurugram based real estate developer, Signature Global, who has a focus on realty projects in Northern India has appointed ACC India Pvt Ltd for Civil, Structure and Part MEP work for all the Towers, Basements and Other Ancillary Buildings for its residential group housing project in Sector 84, Gurugram, Haryana which is located along the rapidly developing Dwarka Expressway.

The LOI dated September 12, 2024 determines the total contract value to be Rs 320 crs. It additional determines that the completion period of the project as 27 months from the date of commencement of work and 3 months from complete handing over of work.

On the announcement of the appointment Mr Lalit Aggarwal, Vice Chairman, Signature Global said “This is going to be one of the finest projects that we will be executing and will be a crowning jewel in our portfolio. While I cannot share too many details of the project until it is officially launched, I can definitely share that it will span four and a half acres and exhibit architectural brilliance. Also, it’ll be one of the tallest in the area and Arabian Construction Company, along with their Indian subsidiary ACC India, is known for constructing many prominent towers in the Middle East and India, showcasing their proven expertise in delivering this project. We have proudly delivered approximately 11 million sq. ft. across projects and more than 30,000 happy customers since our inception in 2014 and have a robust pipeline too.”

On ACCs appointment, Mr Ani Ray, Managing Director, ACC India Pvt Ltd said “It’s a privilege to be associated with Signature Global for its Twin Towers DXP project and we look forward to completing the project in the time limit prescribed. It gives us utmost joy to build homes for the aspiring and growing population in the country. ACC has been associated with landmark projects such as World ONE (84 floors, 285 Meter) of Lodha Developers in Mumbai; 88 East Kolkata of Tata Housing & Keventers, and The 42 (62 floor, 255 Meter) besides ongoing projects in Delhi + NCR for DLF, TARC and Unity Group Projects and others across major metros”

New Delhi, September 20, 2024: New housing launch and sales in the third quarter of Calendar Year 2024 in top 9 cities showed a decline of 11% and 18% respectively, according to a data by real estate data analytics firm PropEquity.

The NSE-listed firm said that new launches in the July-September quarter of CY 2024 fell to 93,693 units from 1,05,655 units in the same period last year while sales fell to 1,04,393 units in Q3 CY2024 from 1,26,848 units in the same period last year.

PropEquity tracks housing supply and absorption data in NCR, Mumbai, Navi Mumbai, Thane, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

Commenting on the data, Mr. Samir Jasuja, CEO & Founder, PropEquity said: The demand for real estate continues to be robust as even in this quarter the absorption/sales is higher than the new launches and such marginal drops in this quarter is a historic trend and not symptomatic of any adverse situation. In Hyderabad and Navi Mumbai, the majority of new real estate launches are in plots rather than apartments, indicating a decline in supply and absorption of apartments in these cities. It is also important to note that Hyderabad witnessed a historical high of 94,629 units of supply in 2023 therefore reduction in new launches in 2024 is quite logical.”

According to the data, on Y-o-Y basis, only NCR, Mumbai and Thane saw rise in new supply at 221%, 18% and 11% respectively in this quarter compared to Q3 2023. Hyderabad (54%), Kolkata (48%), Chennai (23%), Bengaluru (19%), Navi Mumbai (19%) and Pune (12%) witnessed a significant drop compared to Q3 2023. However the drop is not steep when compared to the previous quarter i.e. Q2 2024.

The data further pointed out that, on Y-o-Y basis, the total absorption rose only in Delhi NCR (22%) and Navi Mumbai (4%) while falling in other seven cities with Hyderabad recording the highest fall at 42%, followed by Bengaluru (26%), Kolkata (23%), Pune (19%), Chennai (18%), Mumbai (17%) and Thane (10%).

Mumbai, September 20, 2024: ‘Belicia’ a luxurious residential project in Thane being developed by Prescon Group in collaboration with the esteemed House of Hiranandani has generated over 200 crores in revenue in Q1 of FY 2024-25, driven by the sale of more than 80 units.

Speaking on the occasion Mr. Vedanshu Kedia, Director of Prescon Group said, “We are thrilled at achieving this remarkable milestone which underscores the strong market demand and the unparalleled appeal of our luxury offerings. As we continue to redefine upscale living in Thane, this achievement not only reflects our commitment to excellence but also positions Belicia as a beacon of luxury and a promising investment opportunity. We look forward to maintaining this momentum and delivering even greater value to our esteemed customers and investors, going forward.”

Belicia, a landmark 48-storey tower sprawling across 1.5 acres, is redefining luxury living in the Thane region with a RERA possession date set for June 2028. Located on the prestigious Nitin Company Compound near Nitin Company junction, it offers a prime address with easy access to top tier local transport, esteemed schools, renowned hospitals, business centers, malls, and dining options.

Belicia offers luxurious 2, 3, and 4 BHK apartments ranging from 779 to 1546 sq ft, starting at Rs. 1.85 crore. Each unit features marble flooring, expansive decks, ample natural light, and ventilation, with select apartments including foyer areas for added privacy. Residents will enjoy panoramic city views and serene Yeoor Hills vistas, with the first habitable floor starting on the 7th level.

According to a recent report by PropEquity, a leading real estate data and analytics firm, Thane has emerged as a standout performer in the real estate market for the first quarter of the calendar year 2024. The city achieved significant sales momentum, recording 26,702 units sold during this period. This impressive figure places Thane among the top cities in terms of quarterly sales, highlighting its robust real estate activity and growing market demand. The strong performance reflects a continued upward trend in property transactions and underscores Thane’s prominence in the real estate sector.

The recent approval by the Union Cabinet for the Thane Integral Ring Metro Rail Project marks a significant milestone set to transform urban mobility and real estate in Thane. Set to become operational by 2029, this project will create vital connections between key residential and commercial hubs, driving substantial growth in the region. As a result, this will further epitomize Thane as an attractive market for investment and appreciation; significantly enhancing the area’s overall economic prosperity.

Panch Pakhadi in Thane (W) saw an 11% price appreciation and 3.02% rental yields in 2022, outperforming other Thane micro-markets. Limited housing supply, superior infrastructure, and upcoming projects are driving this growth. The area’s vibrant commercial hub around Nitin Company further boosts demand. With continued urban development, Panch Pakhadi offers strong investment potential and expected future returns.

Belicia in Panch Pakhadi, Thane is a prestigious address due to its strategic location near the Eastern Express Highway, Thane Railway Station, and upcoming Metro Line 4. Its rapid infrastructure development and connectivity make it highly desirable for both residential and commercial real estate, positioning it as one of the region’s top addresses.

Visakhapatnam, September 20, 2024: Brandix India Apparel City (BIAC) is pleased to announce its rebranding as Adhistan Integrated Industrial Park, marking the beginning of a new chapter in its journey. Since its inception in 2006, BIAC has evolved into a vertically integrated hub, employing over 100,000 employees. The rebranding to Adhistan represents a strategic shift towards creating a more inclusive environment for its diverse local and international customer base.

A Vision for Growth and Partnership

With its world-class infrastructure, Adhistan is uniquely positioned to foster opportunities for businesses seeking to thrive in a well-connected, integrated industrial environment. Spanning 1,000 acres, the Park will serve as a hub for industries beyond apparel, offering seamless connectivity, cutting-edge facilities, and access to a highly skilled workforce. This transformation aims to create a vibrant and diverse ecosystem, driving sustainable and inclusive growth.

Commitment to Sustainability

While diversifying its industrial focus, Adhistan will uphold BIAC’s legacy of sustainability, by continuing to prioritize environmentally responsible practices. Adhistan remains committed to supporting its partners and the wider community through sustainable industrial development.

Adhistan’s strategic location, world-class infrastructure, and unwavering focus on sustainability offer businesses a solid foundation for growth, collaboration, and long-term success.

Faridabad: Faridabad is gradually emerging as a prime destination for real estate investment, particularly attracting interest from developers who are traditionally focused on the saturated markets of Noida and Gurugram. As Noida and Gurugram reach their limits regarding available land and infrastructure capacity, Faridabad is stepping up as a viable alternative, offering promising opportunities and high returns on investment.

Faridabad: Faridabad, strategically located in the National Capital Region (NCR), has long been known for its robust manufacturing base, with notable players like JCB, Escorts, Cisco, Honeywell, etc., being present in the city. However, the landscape is evolving. Faridabad is increasingly being recognized not just for its industrial prowess but also as a growing hub for the service sector. This shift is drawing the attention of major real estate developers, who are increasingly investing in land parcels to capitalize on the city’s growth potential.

The city’s real estate market is currently witnessing a flurry of activity, with big developers from Noida acquiring extensive land parcels. Reports indicate that several developers are now buying 100-200 acres of land in Faridabad. These land acquisitions are primarily for developing a mix of commercial spaces, mixed-use complexes, and large-scale township projects. This influx of investment is set to transform Faridabad into a vibrant and dynamic urban centre, offering diverse opportunities for businesses and residents alike.

One significant example is Bhutani Infra, a well-known name in the real estate sector. Bhutani Infra recently made a notable move by taking a stake in the World Trade Center (WTC), Faridabad project. This investment highlights the growing confidence in Faridabad’s real estate market and its potential as a major commercial hub. Bhutani Infra’s involvement underscores a broader trend of developers recognizing Faridabad as a fertile ground for large-scale projects.

One of the key factors driving this real estate boom in Faridabad is its favourable economic environment and infrastructure developments. Connectivity through some of the major expressways such as Delhi Mumbai Industrial Corridor (DMIC), and Faridabad Jewar Expressway cuts down the travel time drastically. Especially the proximity to the upcoming Jewar Airport will give Faridabad the same edge that Gurugram once enjoyed with IGI Airport. The city is not only becoming a preferred location for global multinational corporations (MNCs) but is also witnessing the establishment of their head offices. This trend is indicative of Faridabad’s growing importance as a business hub, providing both a conducive environment for corporate operations and a high quality of life for employees.

Shailesh Kumar Gupta, NCR Property expert, remarked, “In addition to its appeal to MNCs, Faridabad’s real estate market is benefiting from its existing industrial base and the increasing demand for service sector facilities. The city’s infrastructure improvements and ongoing urban development projects are enhancing its attractiveness as a location for both commercial and residential investment.”

The contrast between Faridabad’s emerging potential and the saturation of neighbouring cities like Noida and Gurugram is stark. While Noida and Gurugram have experienced rapid growth, leading to higher land prices and increased competition, Faridabad offers a more balanced and promising investment environment. The availability of large land parcels at relatively lower costs compared to its counterparts makes Faridabad a compelling choice for developers looking to maximize returns. The influx of major developers, investment in large-scale projects, and the establishment of global MNCs’ head offices are clear indicators of the city’s evolving status. For real estate investors and developers, Faridabad represents a golden opportunity to invest in a market that promises substantial returns and long-term growth.