Farmhouses are often built on one to two acres of land and have an area of 4,000 square feet or more. Real estate is an appealing investment choice for high and ultra-high net worth professionals, with 61% planning to invest in property in 2023-24.… Read more
Rising housing prices and rental costs in India pose a new inflationary concern.
Tags: Realty NewsRental
Rising property prices and rental rates in major Indian cities may provide a tough opportunity to the country’s central bank in its fight against inflation, economists warn, even if apparent consumer price increases have largely peaked.… Read more
Mumbai Trans Harbour Link may debut in November 2023.
According to Maharashtra Chief Minister Eknath Shinde, the Mumbai Trans Harbour Link (MTHL) would be accessible to the general public in November 2023, with 90% of the civil construction completed. The MTHL, a six-lane road bridge, connects Sewri and Chirle in around 15-20 minutes.… Read more
India’s residential real estate offtake increases 34% in 2022: India Knight Frank
Tags: Realty News
According to information from the international real estate consultant Knight Frank, 312,666 housing units were sold in major Indian cities in 2022, a 34% rise over the previous year. Mumbai had the most house sales in 2022 with 85,169 units, followed by Bangalore with 53,363 units and the National Capital Region with 58,460 units. In addition, the price of new housing increased significantly by 41 cents per person over the previous year, adding 328,129 units. The 18th edition of Knight Frank India’s premier semi-annual study, India Real Estate: 2022, which offers a thorough analysis of the real estate market and office market changes in eight key cities in July-December 2022, was issued on Tuesday.… Read more
An Early Look at 2023 Infrastructure Development Projects!
The Government of India is anticipating the following infrastructure development projects in 2023.… Read more
Office absorption will reach a record level in 2022: Colliers
Tags: Real EstateRealty News
According to Colliers, a brand-new historic high is likely to close in 2022 after two years of gradually increasing demand for commercial offices, with gross absorption likely to reach 50 m sq toes. “This is likely to represent a 52% increase in overall leasing from the previous year. After a few years, tenants were confident in their needs for their future workplaces and began snatching up office space in the largest Indian cities. According to the research, Bangalore will likely account for 33% of the total ingestion, followed by Delhi-NCR and Hyderabad. Using this opportunity should result in increased profits for Indian citizens.… Read more
Home loan applications will soon be paperless.
Tags: Home LoanRealty News
Have you ever considered using a paperless procedure to obtain a house loan? If not, then this can become a possibility now. With digitalisation, various crucial papers, such as credit score and borrowers’ data, have made the system transparent. Further digitization of paperwork might pave way for hundred percent paperless financing for house loans. we provides further information.… Read more
Repo rate rising again, homebuyers may delay agreements.
Tags: Realty NewsRepo Rate
The Reserve Bank of India (RBI) has raised the repo rate for the fifth time in a row by 35 basis points (bps). According to experts, this may cause prospective homeowners to postpone their immediate intentions to purchase in property and instead choose for rental lodgings over the following several quarters. Read on to discover how the latest raise may affect house purchasing mood and sales.… Read more
The urbanization of India is causing a real estate boom in Tier II and Tier III cities
Tags: IndiaRealty News
The real estate boom in India is concentrated in Tier II and III municipalities. Those places with significant assets have languished unused for a very long period. The government’s plan to build 100 smart towns, the ease of obtaining loans from banks and non-banking financial institutions for improvement projects, and the start of the pandemic all played a significant role in the growth of those towns.… Read more
News: Maharashtra apartment owners will soon receive vertical property cards
Tags: MaharashtraRealty News
It is anticipated that the draught for awarding vertical assets playing cards to apartment owners of Maha RERA-registered projects would shortly receive approval from the royal government. “The issue was discussed to the degree of the sales minister, and the proposal has to be approved quickly. The policies may be released later, according to a senior legal representative of the sales section.… Read more
