{"id":996,"date":"2023-07-02T09:06:00","date_gmt":"2023-07-02T09:06:00","guid":{"rendered":"https:\/\/simplease.in\/blog\/?p=996"},"modified":"2025-10-07T14:24:34","modified_gmt":"2025-10-07T08:54:34","slug":"weekly-real-estate-news-tracker-2-july-2023","status":"publish","type":"post","link":"https:\/\/simplease.in\/blog\/?p=996","title":{"rendered":"Weekly Real Estate News Tracker &#8211; 2 July 2023"},"content":{"rendered":"\r\n\r\n\r\n<p>Stay updated with India\u2019s real estate highlights \u2014 major property sales, leases, investments, and global realty trends this week.<\/p>\r\n<h2 class=\"wp-block-heading\"><strong>MUMBAI UPDATES<\/strong><\/h2>\r\n<h3>1. Mumbai\u2019s Property Sales Decline By Over 6% Year-On-Year<\/h3>\r\n<ul>\r\n<li>\r\n<p>Property registrations in Mumbai dropped <strong>6.39% YoY<\/strong>, from <strong>66,760 in H1 2022<\/strong> to <strong>62,492 in H1 2023<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>In <strong>June 2023<\/strong>, Mumbai recorded <strong>10,319 property registrations<\/strong>, compared to <strong>9,919<\/strong> the previous June.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Despite a steady demand, higher property prices and interest rates slightly dampened sales momentum.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Experts expect stabilization in the coming quarters as developers push new launches.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>2. Macrotech Developers Emerges Top Bidder for V Hotels<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Lodha Group\u2019s Macrotech Developers<\/strong> won the bid for <strong>V Hotels Ltd<\/strong>, owner of the former <strong>Centaur Hotel Juhu<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The hotel sits on a <strong>6.1-acre land parcel<\/strong> on <strong>Juhu Tara Road<\/strong>, Mumbai, with <strong>367 keys, restaurants, and banquets<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The property, currently non-operational, has high redevelopment potential for <strong>residential or mixed-use<\/strong> projects.<\/p>\r\n<\/li>\r\n<li>\r\n<p>This acquisition strengthens Lodha\u2019s presence in <strong>prime western suburbs<\/strong> of Mumbai.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>3. Mumbai Accounts for 77% of India\u2019s Tallest Buildings<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>77% of India\u2019s tall buildings<\/strong> (above 150 metres) are located in <strong>Mumbai<\/strong>, ranking it <strong>17th globally<\/strong> and <strong>14th in Asia<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>India has around <strong>250 tall buildings<\/strong>, half completed and half under construction.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>Hyderabad<\/strong> follows Mumbai in vertical growth trends, according to <strong>CBRE India<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Mumbai continues to dominate India\u2019s skyline due to high-density urbanization and luxury demand.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>4. Highest-Ever Half-Yearly Stamp Duty Collection in Mumbai<\/h3>\r\n<ul>\r\n<li>\r\n<p>Mumbai recorded over <strong>10,113 property registrations in June 2023<\/strong>, totaling <strong>62,285<\/strong> in H1 2023.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The <strong>state exchequer collected \u20b9837 crore<\/strong> in June through stamp duty charges.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>Half-yearly collection reached nearly \u20b95,600 crore<\/strong>, the highest ever for Mumbai.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Demand remains robust despite higher loan rates, showcasing strong end-user confidence.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>5. K Raheja Corp Signs Deal for Luxury Project in Mumbai<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>K Raheja Corp<\/strong> entered a <strong>development agreement with Cinevista Ltd<\/strong> for a suburban luxury housing project.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The total <strong>plot area spans 15,817.5 sq. m.<\/strong> with <strong>52,117 sq. m.<\/strong> permissible built-up area.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The developer holds a <strong>75.5% share<\/strong>, while Cinevista retains <strong>24.5%<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The <strong>market value<\/strong> of K Raheja Corp\u2019s share stands at <strong>\u20b9272 crore<\/strong>, marking another premium addition to its Mumbai portfolio.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2><strong>NCR UPDATES<\/strong><\/h2>\r\n<h3>1. Supertech Chairman R.K. Arora in ED Custody<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Supertech Ltd. chairman R.K. Arora<\/strong> was arrested under <strong>PMLA<\/strong> for alleged money laundering.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The <strong>ED<\/strong> sought 14-day custody to investigate fund diversion in real estate projects.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Arora was remanded to <strong>ED custody till July 10, 2025<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Authorities are probing alleged frauds worth several crores in homebuyer funds.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>2. Conscient Infrastructure Acquires 6.6-Acre Land in Gurugram<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Conscient Infrastructure<\/strong> bought <strong>6.6 acres<\/strong> of land in <strong>Gurugram<\/strong> for <strong>\u20b980 crore<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The parcel offers <strong>1 million sq. ft.<\/strong> development potential for <strong>residential group housing<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The company also partners with <strong>Hines<\/strong> for upcoming luxury and mid-segment projects.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The deal strengthens Gurugram\u2019s position as a high-demand residential hub.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>3. Hero Realty Launches Premium Plotted Project \u2018The Ark\u2019<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Hero Realty Pvt Ltd (HRPL)<\/strong> launched a new brand, <strong>Hero Earth<\/strong>, for plotted developments.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The first project, <strong>The Ark<\/strong>, spans <strong>5 acres<\/strong> in <strong>Sector 85, Gurugram<\/strong>, with <strong>77 plots<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Plot sizes range from <strong>139 to 175 sq. yards<\/strong>, featuring open green spaces and amenities.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The launch reflects growing demand for premium plotted developments in NCR.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>4. DDA\u2019s Phase 4 Housing Scheme for 5,500 Flats<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>DDA<\/strong> announced <strong>Phase IV<\/strong> of its housing scheme with <strong>5,500 flats<\/strong> across <strong>Jasola, Dwarka, Rohini, Siraspur, and Narela<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Bookings opened on <strong>June 30<\/strong> with a <strong>non-refundable \u20b91,000 registration fee<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The scheme operates on a <strong>first-come-first-serve<\/strong> online model.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Options include flats for <strong>LIG and EWS<\/strong> categories, expanding affordability across Delhi.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>5. The \u201cGolden Ring\u201d Boosts Delhi-NCR Tier-2 Cities<\/h3>\r\n<ul>\r\n<li>\r\n<p>The <strong>Golden Ring connectivity network<\/strong> is fueling growth in <strong>Bhiwadi, Bahadurgarh, Sonipat, Alwar, Jewar, and Meerut<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>These cities are emerging as major <strong>real estate and investment hubs<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Improved infrastructure and amenities attract both homebuyers and investors.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The expansion marks a shift toward <strong>decentralized urban development<\/strong> in NCR.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2><strong>INDIA UPDATES<\/strong><\/h2>\r\n<h3>1. India\u2019s Housing Sales Hit Record High in Q2<\/h3>\r\n<ul>\r\n<li>\r\n<p>India\u2019s top 7 cities saw <strong>115,100 housing units sold in Q2 2023<\/strong>, a <strong>36% YoY increase<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Sales defied high loan rates and global economic challenges.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>Mumbai, Pune, and Bengaluru<\/strong> led the surge, driven by end-user and NRI demand.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The record shows India\u2019s housing market resilience amid global uncertainty.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>2. Prestige Group Aims for 10x Office Rental Growth<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Prestige Group<\/strong> targets <strong>\u20b93,000 crore<\/strong> in annual rental income over five years.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Plans include developing <strong>40 million sq. ft.<\/strong> of office assets in <strong>Bengaluru, Mumbai, and Hyderabad<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The company previously sold assets to <strong>Blackstone<\/strong> and is now rebuilding its portfolio.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Strong demand for Grade-A offices drives expansion.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>3. KLA Tencor Leases 3.2 Lakh Sq Ft at DLF Downtown, Chennai<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>KLA Tencor<\/strong>, a US-based semiconductor firm, leased <strong>3.2 lakh sq ft<\/strong> in <strong>DLF Downtown Taramani<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The space will serve as its <strong>India technology centre<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>One of the <strong>largest commercial leases<\/strong> in Chennai this year.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Relocation to the new office is expected within three months.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>4. GMADA to Launch 550 Flats in Mohali<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>GMADA<\/strong> to offer <strong>550 flats<\/strong> in <strong>Phase 2 of Purab Premium Apartments<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Includes <strong>1BHK (\u20b954L)<\/strong>, <strong>2BHK (\u20b980L)<\/strong>, and <strong>3BHK (\u20b91.01Cr)<\/strong> options.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The scheme opened on <strong>June 30<\/strong> and closes on <strong>July 31<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Affordable housing initiative aims to expand Mohali\u2019s urban footprint.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>5. Robust Warehousing Demand Attracts Institutional Investors<\/h3>\r\n<ul>\r\n<li>\r\n<p>Warehousing demand across India continues to soar post-pandemic.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Institutional investors, including <strong>AIFs and sovereign funds<\/strong>, are increasing exposure.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>$216 million<\/strong> invested in Q1 2023, the <strong>highest across all real estate sectors<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Demand-supply gap for operational assets remains a key challenge.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>6. The Executive Centre Invests \u20b9100 Crore to Lease 2 Lakh Sq Ft<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Hong Kong-based TEC<\/strong> leased <strong>200,000 sq ft<\/strong> across <strong>8 centres<\/strong> in H1 2023.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Plans similar expansion in the second half of 2023.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Flexible office demand is growing, with <strong>56% occupiers<\/strong> allocating &gt;10% of portfolios.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Premium coworking segment sees strong momentum across metros.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>7. Firms Increasing Flexible Office Space Use<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>47% of corporates<\/strong> plan to expand <strong>flex office portfolios<\/strong> within a year.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Tier-2 cities like <strong>Jaipur, Lucknow, and Coimbatore<\/strong> are gaining traction.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Flex spaces provide cost efficiency and agility for hybrid work setups.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Growing infrastructure and skilled workforce boost smaller city demand.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>8. UP RERA Fines Ansal API \u20b93 Crore for Fund Misuse<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>UP RERA<\/strong> barred <strong>Ansal API<\/strong> from selling or transferring units in <strong>Greater Noida<\/strong> projects.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The firm was penalized <strong>\u20b93.05 crore<\/strong> for <strong>misappropriating \u20b960.57 crore<\/strong> from buyers.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Violations were found across <strong>three projects<\/strong> under investigation.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The move enforces stricter compliance in the state\u2019s real estate sector.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>9. Reloy Raises \u20b97.2 Crore in Pre-Series A2 Round<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Reloy<\/strong>, a homebuyer loyalty platform, raised <strong>\u20b97.2 crore<\/strong> for expansion.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Funding led by existing investors, with participation from <strong>BlueLotus VC<\/strong> and others.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Previous round raised <strong>\u20b95.9 crore<\/strong> in February 2024.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Funds will drive technology enhancement and market penetration.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>10. Sundaram Alternates to Raise \u20b91,500 Crore via Realty Credit Fund<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Sundaram Alternates Assets<\/strong> plans to raise <strong>\u20b91,500 crore<\/strong> through <strong>RE Credit Fund IV<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The fund targets <strong>growth and special situation opportunities<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Includes a <strong>\u20b9750 crore green-shoe option<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Focuses on structured debt in residential and commercial real estate.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>11. Private Equity Funding in Realty Drops 20% in H1 2023<\/h3>\r\n<ul>\r\n<li>\r\n<p>PE investment in India\u2019s realty sector fell <strong>20% YoY to $2.58 billion<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Offices, warehousing, and residential projects saw reduced inflows.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Despite the decline, India remains a top destination for long-term investors.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Analysts predict recovery in H2 2025 with improved liquidity.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h2><strong>GLOBAL UPDATES<\/strong><\/h2>\r\n<h3>1. Airbnb Faces Revenue Decline Raising Market Concerns<\/h3>\r\n<ul>\r\n<li>\r\n<p>Airbnb\u2019s revenue dropped <strong>up to 50%<\/strong> in key US cities like <strong>Phoenix<\/strong> and <strong>Austin<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Analysts warn of potential <strong>housing market stress<\/strong>, echoing 2008 patterns.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The slowdown reflects changing post-pandemic travel trends.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Market watchers urge caution amid softening short-term rental demand.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>2. Indian Investors Drive Dubai\u2019s Booming Real Estate Market<\/h3>\r\n<ul>\r\n<li>\r\n<p>Indians invested <strong>\u20b935,000 crore<\/strong> in Dubai properties in 2022, making them <strong>top buyers<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Average investment per home ranges between <strong>\u20b93.6\u20133.8 crore<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Investors are attracted by <strong>5\u20137% rental yields<\/strong>, higher than Indian metros.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Dubai\u2019s stable ROI and global connectivity fuel continued interest.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>3. Invesco Launches Commercial Real Estate Finance Trust<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Invesco Real Estate<\/strong> introduced <strong>INCREF<\/strong>, a private credit REIT.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The fund focuses on <strong>commercial real estate loans<\/strong> and <strong>preferred equity<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>It offers risk-adjusted returns amid high inflation and rate volatility.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Targets accredited investors seeking stable long-term yields.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>4. Singapore\u2019s Skyscrapers Defy Global Commercial Slowdown<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>Prime office rents<\/strong> in Singapore rose <strong>2.5% in H1 2023<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p><strong>Occupancy hit 94.4%<\/strong>, outperforming global peers like New York and Hong Kong.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The city-state continues to attract MNCs relocating headquarters.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Demand growth highlights Singapore\u2019s resilience amid global uncertainty.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<h3>5. US Regulators Urge Support for Stressed Commercial Borrowers<\/h3>\r\n<ul>\r\n<li>\r\n<p><strong>US regulators<\/strong> directed lenders to assist <strong>creditworthy real estate borrowers<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Guidance includes <strong>payment deferrals and restructuring support<\/strong>.<\/p>\r\n<\/li>\r\n<li>\r\n<p>Office loan defaults have increased as property values fall.<\/p>\r\n<\/li>\r\n<li>\r\n<p>The move aims to stabilize the <strong>US commercial real estate sector<\/strong>.<\/p>\r\n<\/li>\r\n<\/ul>\r\n<hr \/>\r\n<h2><strong>Conclusion<\/strong><\/h2>\r\n<p>India\u2019s real estate market remains dynamic despite macroeconomic challenges.<br \/><strong>Mumbai and NCR<\/strong> continue to dominate residential and commercial activity, while <strong>tier-2 cities<\/strong> gain investment traction. Institutional and foreign capital flows are reshaping warehousing and flexible office demand. Globally, cities like <strong>Dubai and Singapore<\/strong> highlight resilience, while <strong>US and Airbnb<\/strong> sectors face cautious optimism. Overall, <strong>2025 presents a landscape of balanced growth, innovation, and strong investor confidence.<\/strong><\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Stay updated with India\u2019s real estate highlights \u2014 major property sales, leases, investments, and global realty trends this week. MUMBAI UPDATES 1. Mumbai\u2019s Property Sales Decline By Over 6% Year-On-Year Property registrations in Mumbai dropped 6.39% YoY, from 66,760 in H1 2022 to 62,492 in H1 2023. In June 2023, Mumbai recorded 10,319 property registrations, [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1648,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[57,64,46,56,54,47,52,49,70],"class_list":["post-996","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-weeklynewstracker","tag-gurugram","tag-gurugramrealestate","tag-homepurchase","tag-mumbai","tag-mumbairealestate","tag-propertymanagement","tag-realestate","tag-residentialrealestate","tag-simplease-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Weekly Real Estate News Tracker - 2 July 2023 - Simplease Insights<\/title>\n<meta name=\"description\" content=\"Stay updated with India\u2019s real estate highlights \u2014 major property sales, leases, investments, and global realty trends this week.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/simplease.in\/blog\/?p=996\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Weekly Real Estate News Tracker - 2 July 2023 - Simplease Insights\" \/>\n<meta property=\"og:description\" content=\"Stay updated with India\u2019s real estate highlights \u2014 major property sales, leases, investments, and global realty trends this week.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/simplease.in\/blog\/?p=996\" \/>\n<meta property=\"og:site_name\" content=\"Simplease Insights\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-02T09:06:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-10-07T08:54:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/BLOG-IMAGE-16.png\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Research Team Simplease\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Research Team Simplease\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=996\",\"url\":\"https:\/\/simplease.in\/blog\/?p=996\",\"name\":\"Weekly Real Estate News Tracker - 2 July 2023 - Simplease Insights\",\"isPartOf\":{\"@id\":\"https:\/\/simplease.in\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=996#primaryimage\"},\"image\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=996#primaryimage\"},\"thumbnailUrl\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/BLOG-IMAGE-16.png\",\"datePublished\":\"2023-07-02T09:06:00+00:00\",\"dateModified\":\"2025-10-07T08:54:34+00:00\",\"author\":{\"@id\":\"https:\/\/simplease.in\/blog\/#\/schema\/person\/84a6dfa3bbe895553569525a7dd38f83\"},\"description\":\"Stay updated with India\u2019s real estate highlights \u2014 major property sales, leases, investments, and global realty trends this week.\",\"breadcrumb\":{\"@id\":\"https:\/\/simplease.in\/blog\/?p=996#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/simplease.in\/blog\/?p=996\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=996#primaryimage\",\"url\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/BLOG-IMAGE-16.png\",\"contentUrl\":\"https:\/\/simplease.in\/blog\/wp-content\/uploads\/2023\/07\/BLOG-IMAGE-16.png\",\"width\":600,\"height\":400,\"caption\":\"Real Estate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/simplease.in\/blog\/?p=996#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/simplease.in\/blog\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Weekly Real Estate News Tracker &#8211; 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