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The residential real estate sector is projected to maintain stable absorption and prices in FY25, supported by favorable affordability and stable interest rates. Despite the likelihood of a slowdown compared to the high base of FY24, significant growth was recorded in 9MFY24, with sales growth exceeding 25% y-o-y for the top eight real estate clusters. India Ratings and Research (Ind-Ra) has a neutral outlook for FY25, expecting pre-sales growth to moderate to 8%-10% y-o-y. Inventory levels have risen in the premium and luxury segments, with a 5% expected growth in property prices for FY25. ....
“Any private entity with a registered office or campus in Delhi/ NCR region can now purchase residential flats of DDA in bulk for use as residential staff quarters, hostel among others. Such a policy will enable the growth and development of private industrial, educational and other sectors in upcoming areas like Narela leading to the overall development of the city,” DDA said in a statement. ....
India Business News: Prominent developers including DLF, Godrej, L&T, TARC, Signature Global, and County Group, have launch plans for the latter half of the year. ....
The bull run in the housing sector continued for the second quarter of the year despite various global economic headwinds, including layoffs and high loan rates. ....
Property tax rates may go up marginally in Delhi if the report of the MCD's fifth Municipal Valuation Committee (MVC) is implemented which recommends a 37 per cent increase in base unit area value, officials said on Wednesday. ....