Gurugram has grown into a vibrant real estate hotspot over the years. Property markets in the city have been buoyed by demand for spacious homes, high-quality office space, and larger warehouses. With the growing trend of remote working, first-time buyers and homeowners are eyeing larger homes in Gurugram with modern amenities.
NEW DELHI: Housing prices rose in 42 cities in the first quarter of 2022-23, remained stagnant in three cities and fell in five cities, according to the price index Residex released by the National Housing Bank (NHB).
One of the fastest-growing residential areas of Hyderabad, Kompally is set to become the hotspot of north Hyderabad with a booming realty sector and buyers lining up to purchase properties. Experts say the establishment of posh residential units and large numbers of commercial shows the potential of the area. With areas such as Jeedimetla, Dhulapally, Alwal, Bollaram, Kandlakoya and Medchal in the vicinity, the locality is set for a rise.
Realty firm Brigade Group has acquired a land parcel in Chennai from TVS group and partnered with landowners in Bengaluru to develop two real estate projects with a total revenue potential of ₹4,000 crore in the next 4-5 years. They have signed definitive agreements for prime land parcels in the cities.
Mumbai: The month of July 2022, turned out to be a boon for the city’s real estate market as it saw a whopping sale of 11,340 units, generating revenue of ₹828.63 crore for the state. This number is the highest ever property sale in any of the July months since 2012.
A detailed analysis of the sales figure from the department of Inspector General of Registration (IGR) shows that July 2022 has performed exceptionally well, and of all the months, this financial year has also earned the highest revenue for the state government too.
Mumbai’s real estate sector registered its best July in a decade, despite the rise in interest rates, and this could benefit listed real estate companies like Godrej Properties, Oberoi Realty and others.
According to a report by Edelweiss Securities, Mumbai’s real estate sector reported a 15% year-on-year growth and 14% sequentially with 11,340 new registrations in July alone. This is in spite of banks and housing finance companies raising interest rates on home loans by 0.9% since May this year.