Realty News Roundup: Rental Market Flourishes; Bihar Invites Applications To Redevelop Two Colonies

Realty News Roundup is PropGuide's selection of top stories from the real estate sector

Top News

The rental market in the Delhi-National Capital Region (NCR) is growing. Reports suggest that rental values have surged as much as 16 per cent in a year. Greater Noida has marked the highest raise in home rents. Read more.

A Press Trust of India report says the Indian real estate brokerage market is adopting technology at a fast pace. The report adds that the brokerage market is expected to witness a big growth. Read more.

The Building Construction Department of the Bihar government has invited bids for preparing a master plan and residential scheme for constructing homes for judges of the Patna High Court, Ministers and multi-storeyed building for the support staff. Read more.

Off the front page

Media reports suggest the Confederation of Real Estate Developers' Association of India (CREDAI) is set to apply some clean up measures. The association has said it is thinking of suspending some companies in the NCR which have repeatedly failed on their promises to buyers. Read here.

The Builders Association of India (BAI) has asked the Maharashtra Government to cut rates in the upcoming monetary policy for the healthy growth of the infrastructure and construction industry. Read here.

Opinion

A piece in Business Standard says the real estate sector in India has been hit by twin challenges of growth recession and high- inflation rate. Read here.

An article in The Economic Times says in the coming days, non-resident Indians (NRI) are going to heavily invest in properties here. Read here.