Latest news with #Credai
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Business Standard
12 hours ago
- Business
- Business Standard
Housing sales volume down 5% in top 8 cities; up 9% in value: Credai
Housing sales fell 5 per cent to 2.53 lakh units during the first six months of this year but increased 9 per cent in value terms to Rs 3.59 lakh crore across eight major cities, according to a Credai and CRE Matrix report. On Thursday, realtors' apex body Credai and data analytics firm CRE Matrix released a report on primary housing markets of India's top eight cities -- Bengaluru, Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Kolkata, Chennai, Hyderabad and Ahmedabad. As per the data, the housing sales in these eight cities declined 5 per cent to 2,53,119 units during January-June 2025 from 2,67,219 units in the year-ago period. Appreciation in prices of residential properties led to an increase of 9 per cent in sales in value terms to Rs 3,59,373 crore in the first half of 2025 from Rs 3,30,750 crore in the corresponding period of the preceding year. "We are witnessing a decisive shift in homebuyer preferences across India. The demand is clearly moving towards larger, better-located, and more premium homes reflecting rising aspirations and improved purchasing power," Credai National President Shekhar Patel said. "A 21 per cent growth in NCR's housing value, despite lower volumes, is a clear indicator that quality and location are now more important than quantity," he added. Abhishek Kiran Gupta, CEO & Co-Founder of CRE Matrix, said, the Tier 1 housing markets have entered a new phase of value-driven growth. He noted that there has been a 14 per cent rise in average ticket size to Rs 1.42 crore from Rs 1.24 crore during the period under review. "As data suggests, India's residential real estate story is no longer just about quantity - it's about quality, confidence, and lifestyle," Gupta said. The data showed that Delhi-NCR's market share in value terms has increased to 26 per cent from 23 per cent during the period under review. Gurugram-based property consultant InfraMantra founder Shiwang Suraj noted that Gurugram and Noida markets have dominated the luxury housing sales in Delhi-NCR. "The region's growing lifestyle aspiration, massive infrastructure development and demand for bigger homes have led to this surge in luxury housing," he added. Bhavesh Kothari, Founder & CEO of Property First Realty LLP, said the housing market is witnessing "premiumisation" across major cities. He noted that Bengaluru's real estate market has grown multifold over the last decade and generated high capital appreciation and rental yields for property owners.
Time of India
18-07-2025
- Business
- Time of India
Now, 5% green cover must for new town planning schemes in Ahmedabad
Ahmedabad: The Ahmedabad Municipal Corporation (AMC) is set to implement comprehensive greening measures that will transform the city's urban landscape, with CM Bhupendra Patel scheduled to unveil draft policies on July 19. Under the new 'Greening Policy Measures for a Greener Ahmedabad', all new town planning schemes must allocate 5% of total land for green cover. Of this allocation, 1% must be specifically reserved for urban forests using the Miyawaki method, which enables dense plantations in short timeframes. The policy builds upon existing state govt mandates. You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Previously, the state's Town Planning Act allowed a maximum of 5% land reservation for gardens and parks, but the new policy makes this allocation mandatory. Both the greening policy and the accompanying 'Policy for Good Construction Practices' will take effect on Friday. The AMC will establish an urban greening advisory committee comprising senior officers, urban planners, environmental experts, community leaders, NGO representatives and industry stakeholders including Credai members, builder associations, GIDC and educational institutions. They will provide necessary advice and suggestions to increase and maintain green cover in the city. Ward-level committees will address local implementation challenges, while public and private properties will be encouraged to participate in tree planting initiatives. Green infrastructure including oxygen parks, rain gardens, rooftop gardens, lake gardens, urban forests, ecological parks and biodiversity parks will be developed throughout the city. Penalties for illegal tree cutting will also increase. Anyone cutting a tree must plant 10 new trees within three years and submit a Rs 5,000 deposit per tree, with additional fines for environmental damage. New road development projects face specific requirements. Roads 24 metres or wider must include 1.50-metre-wide dividers for planting, with original soil preservation mandatory. Footpaths must include tree planting spaces every 5 metres, with circular tree pits measuring 1 metre for wider roads and 2.5x2.5-foot pits for narrower streets. The policy prohibits changing the designated purpose of plots reserved for gardens, urban forests or other green spaces in TP schemes, ensuring long-term protection of green infrastructure. City's first BRTS on-route charging station will also be inaugurated at the July 19 event. AMC's solid waste management department employees will be honoured for achieving first rank in the Swachh Survekshan 2024-25.
Hans India
12-07-2025
- Business
- Hans India
New Credai Hyd team pushes for reforms, infra boost
Hyderabad: The newly-elected leadership of CredaiHyderabad has unveiled a progressive roadmap for the city's real estate sector, pledging holistic development, policy reforms, and infrastructure support. In its first formal media interaction since taking office on June 20, the committee outlined its vision for a more inclusive, transparent, and investment-friendly property market. N Jaideep Reddy, president, Confederation of Real Estate Developers' Associations of India (Credai) – Hyderabad, described the new leadership team as 'young, diverse, and energetic', representing all geographical quadrants—North, South, East, and West Hyderabad. He emphasised that many of the current office bearers are second-generation developers who rose through the Credai Youth Wing, which now comprises over 100 active members. 'Our team is rooted in experience and driven by fresh energy,' Reddy said. Within just three weeks of assuming charge, Credai Hyderabad has initiated dialogues with key government departments, especially the Municipal Administration and Urban Development (MAUD), to address long-pending regulatory and operational challenges. Reddy termed the government's response 'very positive', citing encouraging movement on stalled issues. The real estate sector in Hyderabad continues to exhibit strong fundamentals. According to Credai, property registrations in May 2025 alone crossed Rs 4,300 crore, registering a 14 per cent year-on-year growth. This surge, Reddy noted, is supported by Hyderabad's expanding employment hubs, a favorable investment climate, and ongoing infrastructure upgrades. Looking ahead, the city is expected to add nearly 200 million square feet of office space by 2026, fueled by rising demand from Global Capability Centers (GCCs) and sustained public investment in infrastructure. Projects such as the Regional Ring Road (RRR), Phase-II of the Metro Rail, and elevated corridors are set to significantly boost urban connectivity and ease mobility across the city. A major initiative announced was a mega property exhibition scheduled for August 15–17 at the Hitex Exhibition Center. The event will showcase over 300 real estate projects, including luxury apartments, villas, and gated communities, across more than 70 stalls in two large halls spanning 80,000 square feet. 'This show will be a one-stop destination for homebuyers to compare, clarify, and choose properties under a single roof,' said Credai convenor Kurra Srinath. The exhibition will also feature cultural elements such as Telangana's traditional art, crafts, and food courts to create a festive atmosphere for families. CredaiHyderabad is also pressing for key regulatory reforms. The body called for a reduction in stamp duty and simplification of approval processes, which are currently mired in bureaucratic delays across departments such as HMDA, GHMC, and the Water Board. Developers are often required to obtain water feasibility certificates despite the absence of a standard process. 'To truly improve ease of doing business, we urge the state to unify these services under a single-window clearance system that integrates fire safety, electricity, water, and municipal permissions,' said a Credai representative. Another contentious regulation under scrutiny is the mortgage clause mandated by GO 86, which requires developers to mortgage 10 per cent of the land. 'Given the full implementation of RERA, this clause is outdated. We are requesting its revision or removal,' Credai leaders argued. Responding to perceptions that West Hyderabad is the city's only growth zone, the leadership highlighted robust developments across North, East, and South. 'The people tend to focus on the West due to higher visibility and marketing, but the real growth is across the city,' they asserted. With recent rate cuts by the Reserve Bank of India making home loans more affordable, Credai Hyderabad believes now is an ideal time for buyers to invest. 'Hyderabad remains more affordable than metros like Bengaluru or Chennai. With better infrastructure and quality of life, the timing couldn't be better,' they added. Concluding, Reddy reiterated the association's commitment to sustainable, inclusive growth and collaboration with all stakeholders. 'CredaiHyderabad is ready to lead from the front and ensure our city remains one of India's most vibrant real estate destinations.'
Time of India
08-07-2025
- Business
- Time of India
Gujarat winning the ‘plot', 215 projects in '24-25 alone
Ahmedabad: Gujarat continues to see an upward trend in plotted projects, with 215 registered with GujRERA in 2024-25 alone, the highest ever in a single year in the state. Experts said the actual number could be higher as many plotted projects do not require RERA registration. In 2024-25, a total of 14,339 new units in plotted development were registered, which is also 43% higher than the previous year. Since RERA implementation, Gujarat has seen the registration of a total of 851 plotted projects with an investment of Rs 5,942 crore and 66,314 units. Ashish Patel, national vice president, Credai, said, "Plotted schemes have increased in recent years because it gives faster rotation of money to developers because construction is less. People want to buy a piece of land in gated communities, and this is driving demand. Plots give good appreciation on the money invested, and therefore, investor demand is better in this segment." A recent GujRERA report says, "Plotted development projects saw explosive growth in 2018-19 (265.2% projects, 340.3% units) but declined in 2019-20 (-28.6% projects, -63.1% units). Strong recoveries in 2021-22 (46.9% projects, 123.2% units) and 2022-23 (69.1% projects) continued, with 2024-25 showing robust growth (41.4% projects, 56.8% investment, 43.3% units). by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Pensia Pilon 3 NN Pensia Facultativă NN Vezi oferta Undo Plotted development prices rose from Rs 6,863 per sq mt to Rs 14,124 per sq mt, reflecting high land demand. " You Can Also Check: Ahmedabad AQI | Weather in Ahmedabad | Bank Holidays in Ahmedabad | Public Holidays in Ahmedabad Ajal Patel, a developer active in plotting schemes, said, "Ahmedabad has seen higher demand for plotted development after Covid. People want to ensure a certain future lifestyle, and therefore, they prefer plotted development. Ahmedabad is growing rapidly, and the plotted development offers an upgraded lifestyle." A leading developer said, "After Covid, plotting schemes saw good demand because many investors decided to invest in plots because other business sectors were not performing well. There was a good return also on their investment." According to sources, the actual number of plotted projects is higher than the RERA registered numbers because a large number of plotted projects do not fall in the geographical areas where RERA registration is a must. However, for the last few months, real estate is passing through a sluggish phase, and plotted development is also experiencing relatively low demand as people are in a wait-and-watch mode, said a developer.
Time of India
26-06-2025
- Business
- Time of India
Housing units sale dips 20% YoY in metros
CHENNAI: Top metros recorded a YoY decline in housing sales for the second consecutive quarter during the current calendar year. Housing sales dropped by 20% in Q2 CY2025 at 96,285 units against 1,20,335 units in the same quarter last year (April-June CY2024), a report by property consultant Anarock said. Tired of too many ads? go ad free now The dip was 28% in the previous quarter Q1 (Jan-March) CY2025 over Q1 CY2024. However, housing sales marginally rose by 3% QoQ (Q1 vs Q2) this year (CY2025). The report released on Thursday said, Mumbai Metropolitan Region (MMR) and Pune with the highest sales among the seven top metros in Q2 CY2025 at 31,275 units and 15,410 units, respectively, recorded dip in sales by 25% and 27% YoY. Chennai was the only metro that witnessed an YoY increase in sales by 11% at 5,660 units. In contrast, housing unit sales rose by 14% YoY between Q2 CY2024 and the corresponding period of CY2023. On a QoQ basis, sales in MMR and Pune were down by just 1% and 4%, respectively, while developers in Bengaluru, NCR and Hyderabad had a 1%, 14% and 9% growth in sales. Anuj Puri, chairman – Anarock Group, said, "The second quarter of 2025 was a rollercoaster for the Indian housing market, rocked by major military actions at home and abroad. The war-like climate pushed homebuyers into wait-and-watch mode, compounding the impact of soaring property prices over the past two years. " Shekhar G Patel, president, Credai, said the slowdown in quarterly sales observed in some markets can be attributed to a combination of elevated input and land costs, inflationary pressures on household budgets, and a more measured pace of new project launches—factors that have contributed to temporary caution among certain buyer segments". Tired of too many ads? go ad free now "However, this short-term trend should not be viewed as indicative of the sector's overall health. The RBI's recent decision to reduce the repo rate by 50 basis points is expected to positively influence buyer sentiment. With another rate cut anticipated later this year and the festive season approaching in Q3 and Q4, the housing sector is poised for a gradual but steady recovery in the second half of 2025," he told TOI. Pradyumna , executive director, Brigade Group, said, the increase in housing sales in Bengaluru and Hyderabad during Q2 CY2025 can be attributed to the potential turnaround after a subdued Q1.
