The pandemic has prompted the potential buyers and undecided individuals to recognize the importance of owning a home, increasing the demand for housing units in Delhi. https://www.financialexpress.com/money/delhi-overtakes-mumbai-in-housing-sales-heres-why/3038377/lite/?utm_source=Whatsapp
All major banks in India have linked their housing loans with the repo rate, allowing faster transmission of policy rates. But despite EMIs going up, India’s real estate sector has managed to maintain its growth rate. https://www.moneycontrol.com/news/business/stocks/big-cheer-for-the-real-estate-industry-nifty-realty-surges-on-rbis-rate-hike-pause-10371661.html
Bengaluru led the market in terms of quarterly sales, with a 21 percent share, closely followed by Mumbai, with a 20.9 percent share. The premium segment, with apartments priced above Rs 1.5 crore, saw a 22 percent share in overall sales. https://www.moneycontrol.com/news/business/real-estate/62000-housing-units-sold-in-top-cities-in-q1-of-2023-bengaluru-leads-the-show-jll-analysis-10365651.html
Bengaluru is home to over 1.5 million workers including those for global firms like Alphabet Inc.’s Google, Amazon.com Inc., Goldman Sachs Group Inc. and Accenture Inc. https://www.moneycontrol.com/news/business/real-estate/rents-double-in-indias-silicon-valley-as-engineers-fight-for-flats-10361281.html
The residential market remained resilient in the face of rising interest rates and prices, while the demand for commercial spaces were driven by the return-to-office transition, among others. https://www.moneycontrol.com/news/business/real-estate/79126-homes-sold-across-top-8-cities-11-3-msf-office-space-leased-in-q4-22-23-knight-frank-10356401.html
