Anand Rathi Financial Services and Knight Frank India plan to launch a Rs 500 crore real estate fund focused on commercial assets in tier I Indian cities.
Brand Capital has appointed Knight Frank India to oversee its INR5 billion real estate portfolio, marking a significant first for corporate asset management.
Demand for super luxury housing in India, ranging from Rs. 4 cr to Rs. 30 cr, has surged by 30-40%, prompting developers like Lodha, Orbit, and Skyline to focus on boutique homes.
Residential property prices may decline due to robust demand in certain markets according to Knight Frank India. Both investor and end-user demand contribute to the current real estate market.
The recent terrorist attacks in Mumbai are expected to further depress property prices, especially in South Mumbai, affecting both sales and rentals.
Potential home buyers may find deals in April-May as developers face pressure to sell unsold stock at lower prices due to financial crunch.
Knight Frank predicts residential property prices may drop further due to sales slowdown and market conditions.