Weekend Digest- Trending Stories
Welcome to the latest edition of PNT Real Estate Recap! Through our digital only newspaper, we aim to provide a 360 degree coverage of the latest events, stories, updates and occurrences from the real estate industry.
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The Delhi Development Authority (DDA) has partnered with fintech firm Ambak to simplify access to affordable housing loans. Under the MoU, DDA will share details of its housing projects, including EWS, LIG, MIG, and HIG categories, while Ambak connects buyers with over 40 lending partners such as banks, NBFCs, and HFCs. Ambak will provide loan facilitation, financial literacy sessions, and marketing support at no cost, deploying a project management team to streamline loan processing and disbursement. This collaboration enhances DDA’s “Sasta Ghar” scheme, offering over 2,600 affordable flats in Narela, Rohini, Manglapuri, Siraspur, and Loknayakpuram, boosting accessibility and convenience.
The Gurugram civic body has uncovered six illegal colonies on 700 acres of disputed panchayat land in Behrampur during a surprise inspection. Plots in these colonies, sold for INR 50,000 to INR 80,000 per square-yard, were found to have ongoing construction and road networks. The nodal officer stated that signboards will mark the sites as illegal, and constructions will be demolished. The land ownership is under legal dispute, complicating matters further. A crackdown on illegal activities will follow, including filing complaints against property dealers involved in unauthorized sales, urging buyers to verify legal clearances before purchasing real estate.
Uttar Pradesh: Farmers’ unrest over land acquisition prompts government to form new review committee
Peripheral regions in India’s major cities are witnessing significant price growth, often surpassing prime urban areas, due to enhanced connectivity, improved infrastructure, and availability of land. Locations like Bengaluru's Gunjur, MMR’s Panvel, and Chennai's Navalur have recorded remarkable appreciation in residential property values. Developers are exploiting this trend by launching state-of-the-art projects in these areas, offering larger spaces and modern amenities. While prime locations continue to grow, their pace is relatively slower due to already high base prices. The surge in peripheral growth highlights a shift in urban development, presenting attractive opportunities for buyers and investors alike.
India's data centre market is poised for rapid growth, with capacity projected to rise from 1,255 MW to 2,070 MW by 2025, driven by digital transformation, AI data demands, and supportive policies like the Digital Personal Data Protection Act and the 2020 Draft Data Centre Policy. The sector's footprint is set to expand from 19 to 31 million sq. ft., supported by over $60 billion in investments since 2019, expected to surpass $100 billion by 2027. Major hubs include Mumbai, Chennai, Delhi-NCR, and Bengaluru, accounting for 90% of capacity, with emerging Tier-II cities gaining traction.
Norway’s government has raised the loan-to-value (LTV) ratio for mortgages from 85% to 90%, reducing the equity requirement for homebuyers to 10%. This policy, announced by Finance Minister Trygve Slagsvold Vedum, aims to make housing more accessible and stimulate real estate and construction sectors. Introduced in 2015 to curb excessive borrowing and prevent housing bubbles, Norway’s stringent mortgage rules have slowed lending and construction amid high household debt, which reached 253% of disposable income in 2022. The adjustment balances accessibility and financial stability, supported by Norway’s central bank but opposed by its Financial Supervisory Authority.
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