Antilla, India Antilla, situated in Mumbai, India, is home to the business tycoon Mukesh Ambani. The 27 story house was designed by Perkins and Will and constructed by Leighton holdings. The Antila is 190m tall and has 6 floors for parking that are intended to accommodate 168 cars. The house’s roof has a helipad, and one entire floor is dedicated to air traffic control. This is genuinely...
March 2022
While the COVID-19 pandemic shook the economy in general and the real estate market in particular, developers across the country also woke up to an unexpected but pleasant reality – client conversion rates improved following the pandemic. When the lockdown was imposed, footfalls dropped to 35%-40% of pre-COVID-19 levels. Nevertheless, the transaction rate or strike rate improved substantially....
While owning a home is typically every Indian’s dream, skyrocketing property prices, especially in metros, have led to people preferring to rent rather than buy. Many who can afford to purchase a home, on the other hand, face a difficult decision between buying and renting. In India, it has been observed that people who can afford to buy a house place a higher value on owning a home, with renting...
MUMBAI: The government is planning to bring tenanted or cessed buildings and tenants of such buildings under the Real Estate (Regulation & Development) Act, 2016 (RERA),providing for the first time the same protection to these consumers as those available to other home buyers. The tenanted or cessed buildings that dot the landscape of many cities, especially Mumbai, house people who have been...
The retirement and second home market segment in India are expected to grow at a CAGR of 23.63% in the next 5 years, according to a report by 360 Realtors. The current size of the market is USD 1.394 billion and is set to reach USD 4.021 billion by 2026. At the onset of the previous decade, the concept of such a home started becoming popular in the country. Goa became a natural choice, comprising...
The constantly evolving definition of a home combined with Indians’ rising purchasing power is driving the luxury property market across the country’s top metros. Read on for a detailed analysis This is the year of the luxury home-buyer and realty experts envisage a phenomenal jump in the sales of and the demand for luxury apartments in the Rs 10-25 crore range. A survey released by India...
Inclusive developments that cater to the needs of all citizens, including the physically challenged, are necessary to realize the full potential of all. Here’s how residential spaces are adapting and innovating to meet inclusive development goals Having lived with reduced mobility throughout his life due to a polio condition, 78-year-old Mumbaikar Valerian Fernandes feels that including the needs of...
Many home buyers are wondering what’s next in the property market and how will it will affect the pricing. Read on to know how you can take a calculated homebuying decisionThe big hike is yet to comeIndustry insiders say that a major price hike is expected soon, and buying a home as soon as possible is the only way to benefit from pandemic-induced consolidated property prices. Atul Monga, founder, BASIC...
While the pandemic negatively impacted most business sectors, contrary to common perception, the housing sector in Bengaluru did not suffer, the Economic Survey 2021-22 reveals The survey states housing prices increased during the first and second Covid-19 waves, contrary to expectations that they would fall. It says there was a 2.7 percent and 5.3 percent increase in housing prices during the first...