In the past ten years, the Indian real estate market has experienced tremendous expansion, and Non-Resident Indians (NRIs) have played a significant role in this boom. NRIs are more likely to purchase a home in India due to hybrid work arrangements, a wish to go back to their country of origin, and a desire for …
India’s residential real estate segment experienced one of the best growth rates in the past decade, with record-breaking sales that indicated an improved buyer and investor sentiment. https://timesofindia.indiatimes.com/blogs/voices/indias-housing-sale-hits-an-all-time-high-in-2022-basis-that-outlook-for-2023/
IGBC-certified residential projects are green group housing establishments/dwellings that adhere to the organisation’s green building criteria, principles and standards. https://www.financialexpress.com/money/key-things-you-must-know-before-investing-in-igbc-certified-projects/2957843/
Among the most expected factor for home buyers, this budget 2023 would be the increase in deduction limit for interest payments and principal amount on home loans especially to spur demand in a rising interest rates scenario. https://www.livemint.com/budget/expectations/budget-2023-what-home-buyers-can-expect-from-fm-nirmala-sitharaman-11674370107315.html
Report by property consultancy Knight Frank India calls 2022 watershed year & says sales were not materially dented by growing inflation, interest costs, or slowing economic growth. https://theprint.in/economy/why-indias-housing-market-hit-a-9-year-high-in-2022-higher-savings-need-for-security/1308059/
Wealthy Indians are addicted to buying houses and on an average own 5.1 residential houses, compared to the global average of 4.1 units https://www.thehindubusinessline.com/news/real-estate/super-rich-indians-seen-buying-more-homes-in-2023-says-survey/article66383151.ece
Branded residences have emerged as a clear favourite among developers as about 31% of the developers are willing to explore plotted developments as an alternative business model, followed by branded residences which were preferred by 19% of developers. https://www.financialexpress.com/money/58-developers-expect-housing-prices-to-increase-further-in-2023-survey/2949434/?utm_source=Whatsapp
South Bengaluru remained the most popular micro-market, garnering a share of 46 per cent of the residential sales in the city during the second half of 2022. Housing demand in this cluster remained steady due to the proximity of prominent tech parks and employment clusters located in Electronic City and Outer Ring Road (ORR). https://bangaloremirror.indiatimes.com/bangalore/others/excellent-growth-in-realty-market/articleshow/96974473.cms
Foreign as well as domestic investors tie up with real estate developers to establish an investment platform for the development of different realty projects like warehousing parks, office assets, student housing and data centres among others. https://www.zeebiz.com/real-estate/news-realty-sees-surge-in-setting-up-of-investment-platforms-partnerships-worth-usd-45-bn-announced-in-2022-report-216753
Consultants who deal in large land parcels agree that prices for both land and apartments have shot up in major cities. https://www.financialexpress.com/money/land-prices-hit-the-roof-in-top-cities/2940417/
