Real estate developers are expected to complete nearly 558,000 homes this year across seven major cities as builders focus on accelerating the pace of construction activities, according to Anarock https://www.business-standard.com/industry/news/realty-firms-may-complete-nearly-558-000-homes-in-2023-across-top-7-cities-123052100386_1.html
Delhi NCR, Chennai, Mumbai Metropolitan Region, and Bengaluru lead in terms of total land area transacted, accounting for a 72 percent share. https://www.moneycontrol.com/news/business/developers-acquire-2181-acres-in-17-months-to-develop-209-mn-sq-ft-jll-report-10616871.html
India’s high-net-worth-individual (HNI) population — people with assets worth $1 million or more — is pegged to rise to 1.65 million from 797,714 persons in 2022 https://www.moneycontrol.com/news/business/real-estate/indias-ultra-wealthy-population-to-surge-58-4-in-next-five-years-knight-frank-10605531.html
The Russia-Ukraine crisis continues to have a global impact on real estate. But India’s housing market has remained robust though a price hike seems inevitable https://timesproperty.com/news/post/indian-real-estate-stays-optimistic-amidst-global-crisis-and-rising-home-prices-blid4568
Bengaluru and Delhi also moved up in the ranking to 16th and 22nd spots from 37th and 39th, respectively, in Q1 2022. https://www.moneycontrol.com/news/business/real-estate/mumbai-outperforms-bengaluru-delhi-on-list-of-global-prime-cities-index-in-q1-2023-report-10592991.html
Recent data points to a booming real estate market, despite rising prices of homes and a hike in home loan rates. What’s fuelling this growth? Let’s understand https://timesproperty.com/news/post/residential-launches-surged-in-2022-is-the-same-expected-in-2023-blid4142?offset=1
Khan Market commands the highest average rent of Rs 1,249 per sq ft per month, followed by Gurugram’s DLF Galleria at Rs 997 per sq ft, and Mumbai’s Linking Road at Rs 670 per sq ft per month, according to a study by Knight Frank. https://www.moneycontrol.com/news/business/real-estate/bengalurus-mg-road-tops-high-street-rankings-hyderabads-somajiguda-comes-second-10563151.html
The erstwhile notions of grandeur exhibitionism, through ownership of luxury homes, have been replaced with the desire to purchase advanced luxury homes that meet modern-day functionalities, technology, and sustainability hallmarks. https://www.financialexpress.com/money/what-is-driving-the-growth-of-luxury-housing-in-india/3081569/?utm_source=Whatsapp
Officials have also observed that the efficiency of registrations has gone up significantly in sub-registrar offices https://www.deccanherald.com/city/property-registrations-could-soon-be-a-breeze-1217025.html
Mentioned in this article is in detail about Buckingham Palace, the costliest house in the world. https://housing.com/news/inside-buckingham-palace-costliest-house-in-the-world/
