The Real(ty) Snips: Monday Movement
The Real(ty) Snips: Monday Movement. Your inside track to the latest Delhi NCR real estate landscape from KnowbleR.
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Signature Global's Q1 FY25 Sales Surge 255% to ?3,120 Crore
Signature Global reported a remarkable 255% year-on-year increase in sales bookings for Q1 FY25, reaching ?3,120 crore. The real estate developer also saw a 102% rise in collections, totaling ?1,210 crore. This strong performance, driven by high demand in the Delhi-NCR region, particularly Gurugram, reflects the company's growing market presence and the robust state of the affordable and mid-income housing segments in the area.
HDFC Capital to Invest $2 Billion in Affordable Housing by 2025
HDFC Capital plans to invest $2 billion in affordable housing projects across India by the end of 2025. This significant commitment aims to address the country's housing shortage and support the government's 'Housing for All' initiative. The investment will focus on mid-income and affordable housing segments, targeting major cities and emerging urban areas. This move underscores the growing importance of affordable housing in India's real estate market and HDFC Capital's strategic focus on this sector.
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UP Govt to Roll Out New Property Tax Rules Across Urban Local Bodies
The Uttar Pradesh government is set to implement new property tax rules across all Urban Local Bodies (ULBs) in the state. These rules aim to standardize and modernize the property tax system, potentially increasing revenue for urban development. The new system will likely involve updated assessment methods and could affect property owners in cities and towns throughout UP. This move is part of the state's efforts to enhance urban governance and financial sustainability of local bodies.
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