Month: May 2024

Home purchases are increasingly driven by a select few in a country of more than 1.4 billion people, mostly those unaffected by higher interest rates. https://www.moneycontrol.com/news/business/real-estate/indias-home-prices-to-rise-steadily-affordable-housing-supply-to-lag-demand-poll-12736201.html

Over the past year, the proportion of residential sales attributed to NRIs has risen sharply, now accounting for nearly 25 per cent of total sales at major developers https://www.news18.com/business/nris-fuel-luxury-real-estate-boom-in-india-check-what-industry-players-say-8908429.html

In the past, general election years have witnessed remarkable peaks in the housing market, indicating a strong correlation between elections and residential real estate trends. The years 2014 and 2019 particularly stand out, showcasing significant growth in both sales and new launches across the top 7 cities. https://bangaloremirror.indiatimes.com/bangalore/others/bm-property-general-elections-potential-for-a-housing-market-surge-in-2024/articleshow/110414819.cms

Real estate consultant Anarock said in its latest report that NCR’s unsold stock declined from 2,00,476 units at the end of the March 2018 quarter to 86,420 units as of March 31, 2024 https://www.business-standard.com/industry/news/unsold-homes-in-delhi-ncr-drop-57-in-last-6-years-to-86-420-units-in-q4-124052301056_1.html

Big data is a force for cooperation and transparency in real estate, collaborating with the power of data platforms, that brings together investors, developers, and property owners creating a seamless experience respective to transactions and the ecosystem. https://www.financialexpress.com/money/how-big-data-is-shaping-the-future-of-real-estate-investment-in-india-3497444/

In February of this year, MahaRERA issued a circular concerning draft model guidelines for retirement and senior citizen housing projects. https://www.financialexpress.com/money/new-rules-for-mumbai-pune-builders-senior-citizen-housing-projects-must-have-these-amenities-as-per-maharera-3492816/

This remarkable achievement is underscored by the robust economic landscape in India, with stakeholders across the board expressing heightened confidence and optimism, says NAREDCO https://www.news18.com/business/real-estate-market-sentiment-at-a-decadal-high-on-robust-economy-naredco-knight-frank-report-8897421.html

This development comes against the backdrop of a surge in rental deposits, which have escalated by 20% in select areas this quarter alone. https://www.cnbctv18.com/real-estate/bengaluru-flats-on-rent-without-deposit-zero-nobroker-data-shows-a-rise-property-cost-19407165.htm