The sale of residential units in Bengaluru has surged, with the overall sales value reaching Rs 38,517 crore for the first nine months of 2023, a 42% increase compared to the same period in 2022. https://timesofindia.indiatimes.com/city/bengaluru/47k-homes-worth-rs-38k-cr-sold-in-city-from-jan-to-sept/articleshow/106071865.cms
After witnessing a high volume of housing registrations in 2023, there is a platform for 2024 to not only sustain this momentum but potentially surpass it. https://www.news18.com/business/emerging-trends-in-real-estate-2024-housing-sector-india-8705271.html
Sales value in nine months of 2023 exceeds that recorded in the whole of last year: Anarock Group https://www.business-standard.com/industry/news/housing-sales-value-to-top-38-cross-rs-4-5-trillion-in-2023-report-123121400500_1.html
The RBI move is most likely to give a boost to home buying in the near future by increasing consumer confidence. https://www.financialexpress.com/money/unchanged-home-loan-rates-to-increase-consumer-confidence-boost-home-buying-experts-3333231/
While refraining from making a categorical forecast, Vimal Nadar, senior director (research) at property consultancy Colliers said: ‘The market is going in the right direction wherein there is significant price discovery that is happening purely because of market forces – demand and supply’. https://www.deccanherald.com/business/realtors-see-2023-as-the-year-when-property-price-growth-peaked-2806610
The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home https://www.business-standard.com/industry/news/65-indians-looking-to-buy-a-home-in-2024-nobroker-annual-report-2023-123121100184_1.html
Home Purchase Affordability for 2024 seems headed for improvement with the expectation of a reversal in the central bank’s stance and a cut in repo rates as economic conditions remain favourable. https://www.financialexpress.com/money/home-purchase-affordability-to-rise-to-a-3-year-high-in-2024-jll-3334571/
This tool provides users with an in-depth understanding of price dynamics in specific neighbourhoods and developments. https://www.financialexpress.com/money/housing-com-launches-ai-powered-price-trend-engine-to-enhance-home-search-experience-3329839/
Pre-sales provide visibility to the company’s future cash flows and collections and act as critical inputs for developers to strategise and time their new product launches https://www.business-standard.com/industry/news/real-estate-pre-sales-to-show-robust-growth-in-fy24-motilal-oswal-report-123120400666_1.html
The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively https://www.business-standard.com/markets/news/india-home-prices-to-outstrip-inflation-driven-by-high-end-of-market-poll-123120100146_1.html
