The Real(ty) Snips: Tuesday Highlights
The Real(ty) Snips: Tuesday Highlights. Your inside track to the latest Delhi NCR real estate landscape from KnowbleR.
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Apartment Rates Soar as Noida Embraces Luxury Living: Unraveling the Reasons
As Noida emerges as a premier destination for luxury living, the city is witnessing a significant surge in apartment rates, reflecting the growing demand for high-end residential properties. This trend can be attributed to several factors that have collectively contributed to Noida's transformation into a sought-after real estate hotspot.
Property Prices Set to Surge in Greater Noida as GNIDA Board Hikes Land Rates
The Greater Noida Industrial Development Authority (GNIDA) board has approved a significant increase in land rates, a move that is expected to drive up property prices in the region. The decision comes amid the rising demand for residential and commercial spaces in Greater Noida, fueled by the area's rapid infrastructural development and connectivity initiatives.
Delhi to Mandate Specialized Licenses for Events at Banquet Halls, Hotels
The Delhi government is set to implement new regulations that will require banquet halls, hotels, and wedding venues to obtain specialized licenses for hosting amusement-related activities. This move aims to streamline the operations of these establishments and ensure compliance with safety norms and other guidelines.
Property Prices Soar 36% Annually Along Southern Peripheral Road Since 2020
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According to a report, property prices along the Southern Peripheral Road in Delhi have experienced a staggering annual surge of 36% since 2020. This significant appreciation in real estate values can be attributed to the improved connectivity and infrastructure development in the area.
Single-Owned Commercial Assets Outperform Strata Properties Across Key Indian Cities
According to a report, single-owned commercial assets have outperformed strata properties across major cities in India. The study highlights the superior performance of standalone commercial buildings owned by a single entity, as compared to properties with multiple owners or strata-titled assets.
Mumbai, Delhi-NCR, and Bengaluru Account for 70% of India's Retail Leasing Activity: JLL
According to a report by JLL, a leading professional services firm, the metropolitan cities of Mumbai, Delhi-NCR, and Bengaluru have emerged as the major drivers of retail leasing activity in India, collectively accounting for a staggering 70% of the overall leasing volume.
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