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 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...
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...
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...
Institutional investments into Indian real estate are expected to rebound in 2022 led by broad-based growth on the back of low-interest environment, continued monetary stimulus, improving revenue visibility across asset classes, and inclusive growth policy. The year 2022 is expected to cross $5 billion mark, which was witnessed by the Indian real estate annually during the 2017-2020...