Luxury

‘Pagdi’ buildings may be brought under RERA

MUMBAI: The government is planning to bring tenanted or cessed buildings and tenants of such buildings under the Real Estate (Regulation & Development) Act, 2016 (RERA),providing for the first time the same protection to these consumers as those available to other home buyers. The tenanted or cessed buildings that dot the landscape of many cities, especially Mumbai, house people who have been...

Retirement and second home market is expected to grow at a CAGR of 23.63%: Report

The retirement and second home market segment in India are expected to grow at a CAGR of 23.63% in the next 5 years, according to a report by 360 Realtors. The current size of the market is USD 1.394 billion and is set to reach USD 4.021 billion by 2026. At the onset of the previous decade, the concept of such a home started becoming popular in the country. Goa became a natural choice, comprising...

Realty sector may surpass $5 billion funds flow in 2022; Set to recover lost ground across segments

Institutional investments into Indian real estate are expected to rebound in 2022 led by broad-based growth on the back of low-interest environment, continued monetary stimulus, improving revenue visibility across asset classes, and inclusive growth policy. The year 2022 is expected to cross $5 billion mark, which was witnessed by the Indian real estate annually during the 2017-2020...

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