Developers Hike Prices by 10% in NCR, may have to Increase the Price again to Absorb Rising Raw Material Cost
NCR-based real estate developers have hiked house prices by up to 10% and expect more escalation soon as global supply chain disruptions have led to a significant increase in raw material prices. Prices of building materials like cement and steel have jumped over 20% annually as of March 2022. The developers had been absorbing the […]
Share of Luxury Property in Total Sale Jumps to 12% in Q1 2022: Report
The sale and supply of luxury homes reached a new high in Q1 2022, with the highest sales and supply in three years driven by pent-up demand, benign interest rates, and stable prices, as per a report by Anarock property consultant. Luxury property accounted for 12% of overall sales in Q1 2022, up from 7% […]
DLF to Invest Rs 1,700 Crore in Office Space, Data Centre
DLF will invest close to Rs 1,700 crore in developing about 3.7 million sq ft of office space and a data centre in Noida, a senior executive told ET. The real estate company has leased about 360,000 sq ft of space at the upcoming Noida IT Park to Singapore-based ST Telemedia Global Data Centres (STT […]