From property sales to construction, this guide explains all types of NOCs in Indian real estate with real examples, formats, and costs.

DLF's The Dahlias in Gurugram redefines luxury living, achieving a record ₹11,200 crore in bookings as India's elite embrace luxury homes like never before.

The year 2024 reshaped Indian real estate with significant trends and developments that set a new benchmark for growth and innovation. Here’s why it stood out as a transformative year for the sector.

Urban India's socio-economic landscape is undergoing a dramatic shift. According to Kantar’s ‘India at Crossroads’ report, the number of affluent households in cities has jumped by 86% from 2019 to 2024.

The luxury housing market in Mumbai and six other major Indian cities witnessed significant growth between April and September 2024, with total sales reaching ₹2,78,309 crore. This marked an 18% increase compared to the same period last year, with average prices for luxury homes surpassing ₹1.23 Cr.

The Nifty Realty Index has dropped 8% over the past month, presenting a lucrative opportunity for investors. Experts highlight the continued strength in luxury housing and the expected rebound in affordable homes. Ghar investigates more.

A sharp rise in demand for high-end homes priced at ₹4 crore and above is driving the Indian luxury real estate market to a huge boom in 2024. Rich buyers are prioritising better living situations, which is causing big towns to grow a lot. Ghar checks numbers and trends defining India luxury realty.

High land prices and lengthy clearance delays are limiting Indian real estate project debuts. Land acquisition, regulatory difficulties, and legal issues are causing a supply-demand mismatch in Mumbai, Bengaluru, and Delhi-NCR.

In 2024, Mumbai sold 21 of 25 ultra-luxury properties in India's top 25 cities. HNIs and ultra-HNIs drove demand for mansions exceeding Rs 40 crore, worth Rs 2,443 crore. Mumbai, Hyderabad, Gurugram, and Bengaluru became luxury property hotspots as transactions increased.

Real estate professionals are concerned about GST on leasehold land transactions. As authorities send GST notifications on stamp duty-exempt transactions, are these transfers sales or services? This may hurt developers, companies, and homebuyers financially.

Election season, a heatwave, and rising property prices slowed Indian home sales in Q2 2024. This reduced unit sales by 8% from the previous quarter, according to a real estate consultancy group.

Lodha, known as Macrotech Developers, expects robust housing market expansion in 2024-25. Over ₹21,000 crore in new projects are planned by the corporation, after a ₹20,300 crore boost last year.

Over the last two years, India's real estate business has seen record sales, increasing demand for construction and sales skills. Since competent workers are scarce, consultancy companies and developers are hiring new graduates from business schools.

The participation of Non-resident Indians (NRIs) in India’s residential real estate market has seen a significant rise, now accounting for nearly a quarter of the total sales among large developers, up from just 7-10% prior to the pandemic.

The Indian residential property market reached record highs in the March quarter due to steady economic circumstances and buyer confidence. JLL India reported record residential sales despite increased borrowing rates and property costs.