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Real estate market to touch new heights in 2022

India’s real estate sector is witnessing a healthy increase in demand in 2022 and this momentum is expected to hold for the rest of the year. From commercial spaces to the residential market, the overall market outlook is a bright one for the real estate industry. Despite pandemic exigencies, the sector has continued to show resilience and steady growth in 2021. India’s first wave of Covid-19...

Customer conversion rates for real estate improve, post-COVID-19

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....

Which is better – Buying a house or living in a rented apartment?

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...

‘Pagdi’ buildings may be brought under RERA

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...

Retirement and second home market is expected to grow at a CAGR of 23.63%: Report

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...

Luxury Homes Expected In 2022

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...

Should You Buy A Home Now?

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...

Housing Sector In Bengaluru Performed Well During The Pandemic

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...

The outlook for the Indian real estate sector in 2022: What to expect

Between adapting to the pandemic’s norms, industry woes, and government policies, the Indian real estate players foresee a robust demand for properties in 2022. The last two years have been among the wildest in real estate history, with the COVID-19 pandemic hastening the recent trends. A new era of online home buying and selling has taken off. Low stamp duty and interest rates in recent quarters...

Year 2022 will bring of Great Opportunities for Indian Real Estate

A pandemic is not easy on anyone. But it is when things get truly difficult that we get to discover what we are truly made of. If I were to talk about what the COVID crisis revealed about the nature of the real estate industry, I would say that it revealed a spine made of steel and a soul made of concrete! As an industry, real estate has demonstrated remarkable resilience and we are expecting a robust...

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