All real estate projects registered since January 2023 in Maharashtra will be graded from April 2024, the MahaRERA said. https://www.moneycontrol.com/news/business/real-estate/maharera-to-start-grading-real-estate-projects-from-april-12415491.html
3BHKs are particularly in vogue in Bengaluru, Chennai, Hyderabad, and Delhi-NCR. In hyper-pricey MMR, 44% of respondents preferred 2BHKs. https://www.financialexpress.com/money/50-homebuyers-prefer-3bhks-affordable-housing-demand-shrinks-further-survey-3413970/
Home prices rose 4.3% in 2023, the fastest since 2018, according to Reuters calculations based on the RBI’s House Price Index https://www.business-standard.com/industry/news/home-prices-set-to-rise-7-on-luxury-property-demand-finds-survey-124030400732_1.html
Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared to 2021 levels https://www.hindustantimes.com/real-estate/housing-prices-increase-by-around-20-in-mmr-bengaluru-delhi-ncr-and-other-cities-in-the-last-two-years-101709130959860.html?utm_source=whatsapp&utm_medium=social&utm_campaign=ht_site
Here’s what you need to consider to take multiple home loans https://timesproperty.com/news/post/going-for-redevelopment-read-the-fine-print-thoroughly-blid6396?offset=1
12% of Indian UHNWIs are planning to buy a new home in 2024; On an average an Indian UHNWI owns 2.57 homes while 28% have rented out their second homes in 2023 https://www.hindustantimes.com/real-estate/indias-ultra-rich-put-32-of-their-wealth-in-residential-assets-report-101709096726838.html
In the residential space, it’s only holiday homes that are attracting investors, whereas in commercial and warehousing, given the regulations around residential renting and the yields being higher as well, the entry investment into these segments varies from Rs 15 to 25 lakhs. https://www.zeebiz.com/personal-finance/news-fractional-ownership-in-real-estate-all-the-finer-details-about-this-nascent-investment-option-278079
Evolving demographics, shifting social norms, a surge in entrepreneurship, increasing digitization and a hybrid working culture have significantly reshaped the patterns of real estate consumption, prompting the demand for fresh segments. https://www.financialexpress.com/business/industry-real-estate-in-india-has-a-lot-beyond-residential-3405276/
The average rental inflation in Singapore has been around 29%. However, the net rental inflation in India is higher than these countries, with some pockets of major cities witnessing an exponential rent increase of 30% and above. https://www.financialexpress.com/money/good-news-for-landlords-net-rental-yield-in-india-one-of-the-highest-in-the-world-3403143/
Being the fastest-growing economy, India remains at the focal point as we journey towards becoming the third largest economy in the world. The standard of living continues to improve and that is reflected in the increase in per capita income from USD ~1,500 to USD 2,400, with people getting access to basic necessities including housing, …
India’s booming economy: A golden age for real estate investment Read More »
