The report said that luxury housing segment in India comprising units priced at Rs 4 crore and above maintained strong sales momentum, registering a 97 percent Y-o-Y increase in January to September 2023 period. https://www.moneycontrol.com/news/business/real-estate/ongoing-festive-season-may-cross-residential-sales-of-1-5-lakh-units-set-new-record-11696111.html
As NRIs continue to invest in the Indian real estate market with a growing interest in long-term investments, it is estimated that they will make up 20 per cent of the country’s real estate sector investments by 2025, according to proptech unicorn NoBroker. https://www.thehindubusinessline.com/news/real-estate/nri-investments-to-make-up-for-20-of-indias-real-estate-sector-investments-by-2025-report/article67508941.ece
Mumbai real estate update: One of the reasons is that this Navratri was significantly better for the Mumbai real estate market, with a 37.4 percent jump in registrations compared to the last one. https://www.moneycontrol.com/news/business/real-estate/5-reasons-why-mumbais-real-estate-market-is-glittering-this-festive-season-11670261.html
As India’s population continues to age, investing in senior living projects is not only a wise choice but also a crucial step in meeting the evolving needs of our senior citizens and ensuring their well-being in their golden years. https://www.financialexpress.com/money/surge-in-senior-living-projects-marks-a-transformative-shift-in-indian-real-estate-3284180/
Bengaluru records the third most significant quarter-on-quarter (Q-o-Q) surge in new residential property launches, according to the third quarter data released by property consulting firm Anarock. https://www.newindianexpress.com/cities/bengaluru/2023/nov/02/housing-sales-robust-bengaluru-ranks-third-among-top-seven-cities-2629218.amp
Manila claimed the top spot in the ranking with a 21.2 percent annual rise in prices. Manila’s performance is attributed to strong domestic and foreign investments https://www.moneycontrol.com/news/business/real-estate/mumbai-ranks-fourth-in-knight-frank-prime-global-cities-index-delhi-secures-10th-spot-check-list-here-11644321.html
In a bid to promote innovation in PropTech, CBRE in collaboration with NASSCOM Startups, conducted the second edition of PropTech challenge ‘Disruptech 2.0.’ https://www.deccanherald.com/business/proptech-to-become-1-trillion-industry-in-7-8-years-cbre-2750694?utm_source=whatsapp&utm_medium=referral&utm_campaign=socialshare
Gross rental yield is a key measure that provides an initial insight into a property’s income potential and assists in comparing different properties. https://www.deccanherald.com/business/realty-investment-performance-metrics-2747223?utm_source=whatsapp&utm_medium=referral&utm_campaign=socialshare
However, non-resident Indians are also cautious because of rising capital prices in places like Bengaluru and the upcoming general elections. https://www.moneycontrol.com/news/business/real-estate/israel-hamas-war-may-attract-nri-property-investors-to-india-say-experts-11615171.html
Within micro-markets, consolidation story is expected to continue in the top six cities with strong volume-driven growth in Bengaluru, MMR and Pune, while NCR growth will be driven largely by higher price appreciation in the luxury segment. https://www.financialexpress.com/business/industry-real-estate-sector-q2-performance-record-presales-in-q2-new-launches-to-fuel-momentum-in-q3-3285298/
