News – Services For NRI

Real estate most preferred asset class for investment for over 59% Indians, over 67% people buy property for self-use

Majority prefer homes priced more than ₹90 lakh, some investors continue to buy property to leverage capital gains for future entrepreneurial endeavors https://www.hindustantimes.com/real-estate/over-67-people-buy-property-for-self-use-investors-press-the-pause-button-due-to-rising-prices-ficci-anarock-survey-101729245593029.html

Significant Growth In Luxury Housing Sales; Mumbai, Bengaluru Top The Charts: JLL report

As per the data by JLL, the premium and luxury segments saw the highest growth in sales. Premium projects (Rs 3-5 crore) witnessed a 107 per cent Y-o-Y surge, while luxury projects (Rs 5 crore and above) experienced a 96 per cent increase. https://www.freepressjournal.in/business/significant-growth-in-luxury-housing-sales-mumbai-bengaluru-top-the-charts-jll-report

Urbanisation and omnichannel retail to drive India’s home and household market to $237 billion by 2030: Deloitte report

The real estate sector is expected to grow at 25% CAGR, touching $1 trillion by FY29. Hybrid work culture is fuelling demand for home makeovers, said the report https://www.hindustantimes.com/real-estate/urbanisation-and-omnichannel-retail-to-drive-india-s-home-and-household-market-to-237-billion-by-2030-deloitte-report-101726669264661.html?utm_source=linkedin

IT Hub Bengaluru Tops Real Estate Market With Record Sales Of…

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

Budget tweaks on real estate tax: Who gains and who loses?

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

Budget 2024 brings promising changes to real estate sector

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

Bengaluru to dominate India’s commercial real estate market with 330-340 mn sq feet office stock by 2030: Report

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