Residential sales in Q2 2022 ( April-June) in the Rs 1.5 crore plus price tag increased by over 270% Year-on-Year (Y-o-Y). The two larger markets of Delhi NCR and Mumbai saw maximum sales in the quarter in this price bracket.
Prices for residential properties in South India, including Bangalore, have gone up by 8–10%, and they are likely to keep going up because of rising input costs and disruptions in global supply.
The 2020 Index is launched at a time of massive economic and societal disruption.
Affordability has been a key issue for homebuyers in India and a vast majority of our population still strive to own a house.
In an ecosystem with finite resources, innovation ensures optimal utilisation and helps reduce the scarcity gap. The concept of a ‘shared economy’ is one such innovation to utilise resources to their full potential in a sustainable manner.
According to industry estimates, over 11 million homes are estimated to be vacant across the country and we believe that these flats would now come into the rental market and help reduce housing shortages.
The Indian economy showed improvement between July and September, when economic activity resumed after the easing policy began.
The real estate industry is one of the main growth drivers of the Indian economy and plays a vital role in the country's GDP growth. It is one of the most famous industries in the world.