Property in posh South Mumbai still commands higher values but the area has little space and appetite for fresh development. https://www.moneycontrol.com/news/business/real-estate/mumbai-real-estate-the-decline-of-south-mumbai-and-the-rise-of-the-suburbs-9816821.html
A growing number of investors looking for property in 2023 will move to Tier 2 and Tier 3 cities. https://www.financialexpress.com/money/real-estate-trends-to-watch-out-for-in-2023/2936293/
₹80 lakh-₹1.2 crore segment continues to attract the greatest number of customers https://www.thehindubusinessline.com/news/real-estate/demand-for-quality-housing-to-remain-strong-in-2023/article66326650.ece
New launches of housing units were up in five cities –Mumbai Metropolitan Region (MMR), Kolkata, Bengaluru, Hyderabad and Pune, but fresh supply fell in Delhi-NCR and Chennai. https://realty.economictimes.indiatimes.com/news/residential/new-housing-supply-up-51-in-2022-across-seven-cities-report/96685990?utm_source=whatsapp_web&utm_medium=social&utm_campaign=socialsharebuttons&redirect=1
Experts see the trend continuing in 2023 as India continues to see a rise in the number of billionaires https://www.moneycontrol.com/news/business/real-estate/business-tycoons-bollywood-stars-and-startup-entrepreneurs-fire-up-luxury-homes-worth-over-rs-7500-crore-in-2022-9782431.html
Despite rising construction costs and a record hike in the repo rate (225 bps) in 2022, the real estate sector has seen a considerable upswing. https://www.livemint.com/news/india/indian-real-estate-performance-through-fy23-and-outlook-for-the-future-11672240034261.html
City-specific, data showed Mumbai witnessed the highest sales of about 109,700 units in 2022, followed by the National Capital Region at 63,700 units, and they together once again led the residential markets. https://www.hindustantimes.com/real-estate/housing-sales-in-metros-at-new-peak-in-2022-mumbai-tops-list-report-101672151205179.html
High-end real estate not only provides a one-of-a-kind lifestyle, but it also may provide a number of financial perks that appeal to both knowledgeable investors and homeowners. https://www.financialexpress.com/money/the-rise-of-high-end-property-for-todays-homebuyers/2923443/
Bengaluru is likely to account for about 33 per cent of the gross absorption, followed by Delhi-NCR and Hyderabad https://www.deccanherald.com/national/west/office-absorption-to-touch-a-new-high-in-2022-report-1173457.html
With homes being sold rapidly in the IT city, thus bringing down the inventory, we look at the available options that homebuyers have in store this quarter Bengaluru has a robust real estate market; it was highlighted once again in this quarter when the city witnessed a steep drop in inventory. According to Colliers, CREDAI …
