Afforadable Homes

Housing shortage to reach 31.2 mn units by 2030: CII-Knight Frank report

India is estimated to have a cumulative affordable housing shortage of 31.2 million units by 2030 with a potential market size of Rs 67 trillion, according to a joint report by CII and Knight Frank. Industry body CII and real estate consultant Knight Frank India on Wednesday released a joint report 'Affordable Housing in India' at a conference here, pointing out that there is already an existing shortage of 10.1 million units. Addressing the event, Ghulam Zia, Senior Executive Director, Research, Advisory, Infrastructure & Valuation at Knight Frank India, pointed out the shortage of affordable housing in India, presenting a huge business opportunity for real estate developers. "The cumulative Affordable housing shortage in India is projected to reach 31.2 million by 2030, with the market size estimated at Rs 67 trillion," he said. The affordable housing segment also could provide a lot of opportunities for financial institutions. "Based on the assumption of a 77 per cent loan ...

Housing sales rise 5% across top 8 cities in July-Sept: Knight Frank

Housing sales rose 5 per cent annually during July-September to 87,108 units in eight major cities as demand stayed strong for premium homes, according to Knight Frank India. Real estate consultant Knight Frank India on Thursday released its report 'India Real Estate' for the third quarter of 2024 calendar year through a webinar, showing a modest increase in housing sales in contrast to data provided by Anarock and PropEquity which reported drop in total sales during July-September across major cities. "Momentum in the residential market has trended up well in 2024 with Q3, 2024 recording the highest quarterly sales this year at 87,108 units," the report said. Addressing a virtual press conference, Knight Frank India CMD Shishir Baijal said, the growth in housing sales is driven by demand for premium housing costing above Rs 1 crore each. "There are concern in affordbale housing segment," Baijal said, adding that sales in this category have declined due to availability and ...

Steady demand, falling supply: What's ahead for mid-segment homes in India?

A recent report by Knight Frank showed that the mid-segment had a strong 32 per cent market share in the total demand in the first six months of 2024

Sattva Group targets 85% growth in housing sales this fiscal: MD Agarwal

Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore. "We are very bullish on housing demand. We are targeting to achieve sales of Rs 6,000-6,500 crore this financial year," Sattva Group MD Bijay Agarwal said. He said the company would invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects. The bulk of the investments would be to develop housing projects and office complexes. Sattva Group is one of the leading real estate developers in India with a significant presence in South India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet are under construction, and 65 million square feet are in the pipeline. Agarwal

Union Budget 2023: Big boost for affordable housing under PM Awas Yojana

Experts and key players hail announcements but lament that many of their other expectations remained unfulfilled

PM Narendra Modi has set target of providing houses to all by 2022: Tomar

Union minister Narendra Singh Tomar on Thursday said that Prime Minister Narendra Modi has set a target of providing houses to all by 2022

KKR invests Rs 200 cr in realty firm Signature Global

The company will deliver three of the seven developing projects, by 2018-end