Recent data points to a booming real estate market, despite rising prices of homes and a hike in home loan rates. What’s fuelling this growth? Let’s understand https://timesproperty.com/news/post/residential-launches-surged-in-2022-is-the-same-expected-in-2023-blid4142?offset=1
Khan Market commands the highest average rent of Rs 1,249 per sq ft per month, followed by Gurugram’s DLF Galleria at Rs 997 per sq ft, and Mumbai’s Linking Road at Rs 670 per sq ft per month, according to a study by Knight Frank. https://www.moneycontrol.com/news/business/real-estate/bengalurus-mg-road-tops-high-street-rankings-hyderabads-somajiguda-comes-second-10563151.html
The erstwhile notions of grandeur exhibitionism, through ownership of luxury homes, have been replaced with the desire to purchase advanced luxury homes that meet modern-day functionalities, technology, and sustainability hallmarks. https://www.financialexpress.com/money/what-is-driving-the-growth-of-luxury-housing-in-india/3081569/?utm_source=Whatsapp
Officials have also observed that the efficiency of registrations has gone up significantly in sub-registrar offices https://www.deccanherald.com/city/property-registrations-could-soon-be-a-breeze-1217025.html
Mentioned in this article is in detail about Buckingham Palace, the costliest house in the world. https://housing.com/news/inside-buckingham-palace-costliest-house-in-the-world/
Get latest articles and stories on Business at LatestLY. Delhi- The joint study by PHD Chamber of Commerce and Industry(PHCDII) and Grant Thornton Bharat throws light on the potential growth statistics of the real estate sector. As per the observations made in the PHD Chamber of Commerce and Industry report titled ‘Realising the potential of …
Real Estate in India-Evolving, Growing, and Redeveloping at the Same Time, Says a Study Read More »
A report by PropTiger.com said that all the markets covered in the analysis showed an upward movement in average rates of new homes https://www.business-standard.com/industry/news/housing-prices-increase-sharply-in-q1cy23-see-an-average-7-yoy-jump-123050200811_1.html
Union Minister of commerce and industry Piyush Goyal said that India is poised to become the 3rd largest construction market in the next 2-3 years, adding that the Real Estate sector will provide huge business opportunities, generate employment and provide big avenues for the startup ecosystem. http://timesofindia.indiatimes.com/articleshow/99531910.cms?from=mdr&utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst
India has also emerged as the most sought-after destination which has been propelled by the IT boom, contributing to a larger demand for residential homes https://www.mid-day.com/lifestyle/culture/article/what-is-driving-millennials-to-reshape-the-indian-real-estate-sector-23282994
There was an uptake in the number of millennials opting for home loans, with about 27 percent of homebuyers in the 25-35 age group opting for home loans, up from 17 percent pre-Covid https://www.moneycontrol.com/news/business/despite-high-interest-rates-home-loan-demand-up-42-between-january-and-march-report-10474071.html
