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
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/
Private equity investments inflows into the Indian real estate sector stood at $3.4 billion at the end of 2022. This is at par with the investment quantum registered in 2021, said Savills India. https://www.moneycontrol.com/news/business/real-estate/around-4-0-billion-worth-of-private-equity-investments-likely-to-flow-into-real-estate-in-2023-9816191.html
Property in posh South Mumbai still commands higher values but the area has little space and appetite for fresh development. https://www.moneycontrol.com/news/business/real-estate/mumbai-real-estate-the-decline-of-south-mumbai-and-the-rise-of-the-suburbs-9816821.html
A growing number of investors looking for property in 2023 will move to Tier 2 and Tier 3 cities. https://www.financialexpress.com/money/real-estate-trends-to-watch-out-for-in-2023/2936293/
₹80 lakh-₹1.2 crore segment continues to attract the greatest number of customers https://www.thehindubusinessline.com/news/real-estate/demand-for-quality-housing-to-remain-strong-in-2023/article66326650.ece
