April 2024 – Services For NRI

Month: April 2024

Bengaluru witnesses highest rental yield of 4.45% in Q1 2024 followed by Mumbai and Gurugram

Bengaluru’s rental yield in pre-Covid 2019 stood at 3.6 percent, which amounts to a growth of 24 percent till date. Mumbai comes next with a rental yield of 4.15 percent in Q1 2024 as against 3.5 percent back in 2019. https://www.moneycontrol.com/news/business/real-estate/bengaluru-witnesses-highest-rental-yield-of-4-45-in-q1-2024-followed-by-mumbai-and-gurugram-12710542.html

MMR records 60,719 home transactions valued at Rs 54,239 crore in Q1CY24; Thane, Dombivali top choices

In MMR, including Mumbai real estate market, micro-markets like Virar West, Ulwe, Kandivali West, and Badlapur East reported around 5,000 residential transactions valued over Rs 2,400 crore. https://www.moneycontrol.com/news/business/real-estate/mmr-reports-60719-residential-transactions-worth-rs-54239-crore-in-q1cy24-thane-dombivali-most-preferred-for-homebuyers-12707688.html

Real Estate: Secret revealed! Majority of HNIs prefer this investment model to generate wealth in realty space

Bengaluru, Pune, Mumbai and Delhi NCR are the leading preferred markets for real estate and fractional ownership investments in India, according to the 2024 edition of the Neo-Realty survey by WiseX. https://www.financialexpress.com/money/real-estate-secret-revealed-majority-of-hnis-prefer-this-investment-model-to-generate-wealth-in-realty-space-3468511/lite/#origin=https%3A%2F%2Fwww.google.com&prerenderSize=1&visibilityState=visible&paddingTop=32&p2r=0&csi=1&aoh=17140885229561&viewerUrl=https%3A%2F%2Fwww.google.com%2Famp%2Fs%2Fwww.financialexpress.com%2Fmoney%2Freal-estate-secret-revealed-majority-of-hnis-prefer-this-investment-model-to-generate-wealth-in-realty-space-3468511%2Flite%2F&history=1&storage=1&cid=1&cap=navigateTo%2Ccid%2CfullReplaceHistory%2Ceducation%2Cfragment%2CreplaceUrl%2CiframeScroll

Real estate trends: Report shows share of affordable homes under Rs 50 lakh falls from 48% to 15% in Delhi-NCR; experts see notable shift in pattern

The past two years have seen the share of affordable homes sliding from 27 per cent in Q1, 2022 to 15 per cent in Q1, 2024 — the lowest market share for affordable homes in years, according to JLL.  https://www.zeebiz.com/real-estate/news-real-estate-trends-report-shows-share-of-affordable-homes-under-rs-50-lakh-falls-from-48-to-15-in-delhi-ncr-experts-see-notable-shift-in-pattern-286354

South Indian states, including Bengaluru, lead with 62% share of the senior living housing segment

The north zone holds 25% of the senior living market share followed by the central zone, which accounts for 13% of the market https://www.hindustantimes.com/real-estate/south-indian-states-including-bengaluru-lead-with-62-share-of-the-senior-living-housing-segment-101713518821477.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site

More than 101 land deals for approximately 2,989 acres closed in FY-24 across cities, including Ayodhya

In FY-24, over 83 land deals for over 1,135 acres closed in top seven cities alone, remaining 18 deals in tier 2 and 3 cities, including Ahmedabad and Ayodhya https://www.hindustantimes.com/real-estate/more-than-101-land-deals-for-approximately-2-989-acres-closed-in-fy-24-across-cities-including-ayodhya-101713685761175.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site

Indian real estate sector to be worth USD 1.5 trn by 2034; 78 mn new homes needed in cities: Knight Frank-CII report

According to the report, India’s economic growth in the next decade will depend heavily on several factors, including a growing young population, bolstered domestic manufacturing, infrastructure development, and urban expansion. https://www.financialexpress.com/money/indian-real-estate-sector-to-be-worth-usd-1-5-trn-by-2034-78-mn-new-homes-needed-in-cities-knight-frank-cii-report-3455320/