India's luxury housing market is booming, driven by rising incomes, NRI investment, and a preference for upscale living. Sales of luxury homes have tripled in five years, with key cities like Delhi-NCR and Mumbai leading the surge.
Real estate prices rose across 8 major Indian cities in Q2 2022, with Delhi-NCR leading at 10%. RBI's repo rate hike could influence lending rates. Pune saw a 5% rise, driven by 2 BHK demand.
Infrastructure projects will significantly influence the real estate market in 2024. Key areas to watch include Gurgaon (Dwarka Expressway), Noida (Sector 150, Greater Noida West), Mumbai (Navi Mumbai, South Mumbai), and Bengaluru (Purple Line corridor).
Sarjapur Road in Bengaluru is a rapidly developing real estate hotspot. Excellent connectivity, upcoming metro line, and proximity to IT hubs make it an attractive investment. Despite some infrastructure challenges, the area offers diverse housing options and strong growth potential.
Explore an in-depth overview of GST's implications in real estate, its definitions, applicability, rates, and the distinction between affordable and non-affordable housing.
Several Indian cities are emerging as prime locations for property investment. Explore promising areas like Mumbai, NCR, Bengaluru, Pune, Chennai, and more, offering high returns and excellent infrastructure.