Knight Frank India's report forecasts a stable year for India's real estate sector in 2022, with a 5% rise in housing prices and growing demand for office space.
The West Bengal government has extended the real estate stamp duty rebate and circular rate reduction until January 31, 2022, to boost home sales amid rising demand.
Upcoming Bengaluru Transit Infrastructure Projects to boost real estate development. Impact includes major locations like Whitefield and Electronic City.
Residential real estate markets in top eight Indian cities show improved sales and decreased unsold inventory, except for NCR which still struggles with a high volume of unsold units.
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Mumbai commercial realty outperforms NCR, offering higher investment returns, according to Knight Frank. This is attributed to favorable business conditions, talent access, and connectivity.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
The Indian government's new retail FDI bill has been passed, offering hope to mall owners to fill vacant spaces as foreign retailers gain entry into the market.
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.