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
Real estate news: India’s real estate sector is witnessing a significant boom, as evident from the latest GDP data showcasing the construction sector’s robust growth of 13.3 per cent in the July-September quarter, the highest in five quarters. This surge has propelled India to a 7.6 per cent expansion rate, making it one of the …
Salary Hikes, Population Growth Behind Indian Real Estate Boom Past Quarter Read More »
Of the 53 deals in Mumbai city, at least three were for price tags above Rs 200 crore and seven deals were closed for between Rs 100 and Rs 200 crore each. https://www.business-standard.com/finance/personal-finance/53-homes-priced-over-rs-40-cr-sold-in-mumbai-in-2023-3-above-rs-200-cr-123113000373_1.html
Surge in luxury housing sales https://timesproperty.com/news/post/goa-online-electrictiy-bill-payment-guide-blid6149?offset=1
LVC can be an effective funnel to fill the funding gap in India’s infrastructure needs. https://www.financialexpress.com/money/land-value-capture-a-self-financing-and-sustainable-model-for-infrastructure-development-3318701/
