NoBroker has observed a 23% increase in the number of homebuyers aged under 35 years on the platform, the proptech unicorn said in its half-yearly report https://www.hindustantimes.com/real-estate/millennials-comprise-dominant-homebuyer-group-redefine-housing-market-report-101722048384882.html
Bengaluru’s residential real estate market led with 18,550 units sold last quarter, according to JLL’s REIS report. New launches surged by 45% to 16,537 units. Whitefield drove 47% of new launches, with upper-mid segment apartments dominating. The city’s unsold inventory also declined, reflecting strong buyer confidence. https://www.timesnownews.com/business-economy/real-estate/it-hub-bengaluru-tops-real-estate-market-with-record-sales-of-article-112021973
The new regime may also be beneficial for short-term property investors in metro markets, where the prices are appreciating quicker. Experts say these changes may hurt sentiments when it comes to investments in Tier II cities — where property prices appreciate much slower than in metros. https://www.moneycontrol.com/news/business/real-estate/budget-tweaks-on-real-estate-tax-who-gains-and-who-loses-12777139.html
The comprehensive measures introduced in this budget reflect the government’s commitment to the all-around development of the real estate sector, making it a significant contributor to the nation’s economic growth. https://www.financialexpress.com/money/budget-2024-brings-promising-changes-to-real-estate-sector-3562576/?utm_source=whatsapp&utm_medium=social&utm_campaign=WhatsappShare
The total valuation of these companies in India currently stands at Rs 14.2 trillion: 2024 GROHE-Hurun India Real Estate 100 list https://www.business-standard.com/companies/news/total-value-of-india-s-top-100-realty-companies-soars-70-in-1-year-report-124071100704_1.html
Technology, engineering and manufacturing, and BFSI sectors are expected to comprise the main demand drivers for Bengaluru’s office market https://www.hindustantimes.com/real-estate/bengaluru-to-dominate-indias-commercial-real-estate-market-with-330-340-mn-sq-feet-office-stock-by-2030-report-101720614459311.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site
Inventory overhang down to eight months as investor and buyer demand continues to rise https://timesproperty.com/news/post/your-commute-time-to-office-just-got-shorter-blid7486?offset=1
Santosh Kumar, vice chairman of Anarock Group, said that while RERA in respective states has been actively resolving consumer grievances, buyers often struggle to get their homes as promised https://www.business-standard.com/industry/news/national-level-builder-buyer-agreements-for-realty-to-be-a-reality-soon-124070800751_1.html
A recent report by ANAROCK Property Consultants reveals that the average price of real estate in the MMR has gone up from ₹10,610 per square foot to ₹15,650 per square foot https://www.thehindu.com/business/mumbai-and-delhi-housing-prices-soar-by-48-in-five-years-as-unsold-inventory-declines/article68381201.ece
Delhi-NCR and Mumbai account for almost half of ₹1 crore home sales in H12024; Affordable and mid-segment housing expected to bounce back: Knight Frank report https://www.hindustantimes.com/real-estate/housing-sales-touch-1-73-lakh-units-up-11-in-jan-jun-homes-worth-more-than-rs-1-crore-witness-41-growth-in-sales-101720079584743.html
