Sales for apartments priced above Rs 1.5 crore surge by over 270% YOY in Q2 2022: JLL

Submitted by Anonymous (not verified) on Thu, 07/14/2022 - 03:42

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. Apartments priced above Rs 1.5 crore had a share of 15% in the quarterly sales in Q2 2022. The higher levels of residential sales in the premium category show increased demand for bigger homes and buyer confidence coming back to the market.

Residential property prices go up in South India

Submitted by Anonymous (not verified) on Fri, 05/20/2022 - 07:33

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 prices of critical raw materials, including steel, cement, aluminium, and PVC, have risen sharply between 30% to 100% during the last year.

Realty developers have been having a tough time protecting their margins as rising fuel prices have added to their woes.

Housing demand to stay firm in spite of rising prices, interest rates: Crisil

Submitted by Anonymous (not verified) on Mon, 05/16/2022 - 07:56
The momentum in housing demand across India's top six cities i.e. Mumbai Metropolitan Region (MMR),National Capital Region (NCR), Bengaluru, Pune, Kolkata, and Hyderabad,is expected to continue this fiscal and grow 5-10% espite rising property prices, interest rates and a high-base effect, according to Crisil.

Home Purchase Affordability Index-2019

Submitted by Anonymous (not verified) on Tue, 06/29/2021 - 00:00
Affordability has been a key issue for homebuyers in India and a vast majority of our population still strive to own a house. The government is committed to achieving the objective of providing houses to all and has taken multiple steps towards the same. To help the government achieve this goal and for the overall advancement of the sector, developers need to realign their strategies not only to take benefit of the government incentives but also address the challenges faced by prospective homebuyers.

Innovation led opportunities – CII Report

Submitted by Anonymous (not verified) on Tue, 06/29/2021 - 00:00
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. Sharing in itself is not a novel concept, however, it has become a part of consumer behavior over the years. With technology and digitalisation, the concept has flourished and percolated across various aspects of our daily lives. Today, it shapes the way we live, work and play.

India Excerpts and Perspectives - Global Real Estate Transparency Index 2020

Submitted by Anonymous (not verified) on Tue, 06/29/2021 - 00:00
The 2020 Index is launched at a time of massive economic and societal disruption. As governments, businesses and communities grapple with the impacts of COVID-19, the pandemic has brought the issues of transparency and trust into even sharper focus. During times of such uncertainty, the need for transparent processes and accurate, timely data becomes more important than ever. The 2020 Index reveals that transparency is progressing across most countries and territories, but overall improvement is the weakest since the period directly following the Global Financial Crisis.

Model Tenancy Act, 2021

Submitted by Anonymous (not verified) on Tue, 06/29/2021 - 00:00

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.