In the next two years, more HNIs plan to purchase luxury real estate or second residences. NRIs are also seeing this as a fantastic opportunity to develop larger and better assets back home. https://www.financialexpress.com/money/uhnis-will-continue-to-drive-up-demand-for-luxury-homes/2987009/?utm_source=Whatsapp
Real Estate in India: Owned homes can act as a source of income if the owner desires. For example, they can rent a part of their home and can have income easily. https://www.zeebiz.com/real-estate/news-real-estate-in-india-why-staying-on-rent-may-not-be-smart-move-10-reasons-222922
Bankers anticipate a surge in LRS remittances before the new TCS rate is implemented, as some people may prefer to send their remittances before the new tax structure takes effect on July 1. https://bfsi.economictimes.indiatimes.com/news/industry/indians-may-rush-sending-money-overseas-in-coming-months-before-higher-tcs-rate-kicks-in/97979543
Bengaluru and Hyderabad have seen maximum 5-yearly increase of 10 percent in average property prices; The IT capital also saw the highest rental yield of 3.9 percent among all major cities, followed by Mumbai with 3.8 percent. https://www.moneycontrol.com/news/business/real-estate/return-on-investment-in-real-estate-2022-witnessed-increase-of-6-percent-in-average-property-prices-10095841.html
In Bengaluru and Chennai, the demand for three-BHKs is the highest with 51 per cent and 48 per cent of respondents voting in their favour respectively, according to a recent survey. We decode this trend https://timesproperty.com/news/post/where-can-you-invest-your-hard-earned-money-in-chennai-blid3787?offset=1
Delhi was also on the list of top ten such cities with an average price rise of 6.8 per cent in the second half of 2022 https://www.business-standard.com/article/current-affairs/mumbai-bengaluru-among-top-5-apac-cities-with-the-steepest-home-price-rise-123021000587_1.html
However, it would create some pressure on potential buyers of the affordable segment, and impact sales. https://www.businesstoday.in/personal-finance/real-estate/story/explained-heres-why-rbis-25-bps-rate-hike-wont-impact-luxury-real-estate-market-369494-2023-02-08?utm_source=btweb_story_share
Electric vehicles have entered the Indian market in a big way and it is evident that charging points have become a much-needed addition to the list of amenities. And developers are paying heed https://timesproperty.com/news/post/demand-for-ev-charging-points-soars-blid3769
Gurugram witnesses 13 percent price appreciation, followed by Bengaluru at 9 percent and Pune at 8 percent https://www.moneycontrol.com/news/business/real-estate/property-prices-increase-by-around-7-percent-across-top-8-cities-report-10025761.html
The deal for the apartment, spread over a carpet area of 5,211 sq ft, is valued at around Rs 1.60 lakh per sq ft, making it one of the costliest property transactions in the country. The buyer has paid Rs 5 crore in stamp duty charges alone for the registration of the deal. https://realty.economictimes.indiatimes.com/news/residential/nri-businessman-jai-mahtani-buys-flat-in-south-mumbai-for-over-rs-83-crore/97634374?redirect=1
