The demand for property in Lakshadweep has seen an uptick ever since Prime Minister Narendra Modi visited the island. Investing in the Union Territory can emerge as a strategic investment venture due to the booming tourism industry and the archipelago’s unparalleled natural beauty. Recent research has shown that there has been a growing demand for …
Can you buy a property in Lakshadweep? Know everything about it Read More »
Domestic investments doubled, leading to increased share of domestic investors https://www.thehindubusinessline.com/news/real-estate/domestic-investors-bullish-on-realty-sector-investments-grow-120-to-15-billion-in-2023-report/article67729659.ece
The AMC said that the new entity, named Nuvama and Cushman & Wakefield Management Private Limited (NCW), will offer full suite of capabilities for investing in commercial real estate. https://www.moneycontrol.com/news/business/companies/nuvama-amc-cushman-wakefield-to-raise-rs-3000-cr-commercial-real-estate-fund-12030381.html
2023 witnessed high volume of registrations and interest from homebuyers and oversaw over 19,050 RERA registrations at pan India level, according to the report, with 45 per cent projects falling in the residential segment. https://www.financialexpress.com/business/industry-housing-demand-in-india-projected-to-reach-93-million-by-2036-says-credai-liases-foras-report-3359689/
Demand for luxury housing in India surged to 112% in 2023 compared to the previous year, fueled by increased disposable income and the allure of an enhanced lifestyle, according to proptech unicorn NoBroker. https://www.livemint.com/industry/demand-for-luxury-housing-in-india-surges-villas-most-popular-in-metro-cities-nobroker-11704440107758.html
There was a 23 per cent yearly decline in Delhi-NCR’s unsold inventory – from about 1,23,692 units by 2022-end to nearly 94,803 units by 2023-end https://www.news18.com/business/real-estate-delhi-ncrs-unsold-inventory-at-decadal-low-under-1-lakh-units-for-1st-time-8731059.html
Office space transactions, an indicator of corporate sentiment, touched 59.6 million square feet, marginally lower than a record 60.6 million square feet achieved before the pandemic in 2019, a report by a real estate consultancy Knight Frank said. https://www.cnbctv18.com/real-estate/indian-office-space-transactions-surge-to-4-year-high-on-rising-corporate-sentiment-knight-frank-report-18709171.htm
The industrial & warehousing segment saw a two-fold rise – with investments to the tune of $0.9 billion – marking the highest increase across all segments in 2023. https://www.deccanherald.com/business/realty-sector-secures-5-4-bn-institutional-inflows-in-2023-report-2831762
MMR (20 per cent), Bengaluru (19 per cent), NCR (19 per cent) emerged as India’s most searched regions for properties in 2023,’ Magicbricks said in a statement. https://www.deccanherald.com/business/mumbai-region-bengaluru-delhi-ncr-most-searched-locations-for-properties-magicbricks-2820837
A look at the highs and lows of real estate in 2023 https://timesproperty.com/news/post/grow-wealth-from-the-ground-up-blid6295?offset=1
