The residential real estate market in Kolkata has shown a strong recovery with a 124% year-over-year increase in property registrations in July 2022.
Hyderabad's real estate sector showed promising growth in the last quarter of 2016, with significant impacts on the residential and commercial markets due to government initiatives and demonetisation.
Pune's new residential launches decreased by 32% in H1 2016 compared to H1 2015, while unsold inventory reached a 5-year low. Office space transactions also slowed down due to lack of new supply.
Housing prices rose up to 6% in 12 Indian cities, while 10 cities saw a decline of up to 9% in Q2 FY24. Delhi-NCR experienced a 5% dip QoQ but a 7% YoY surge.
Bangalore’s real estate market, driven by IT professionals, posted a 19% hike. East and North Bangalore areas, renowned for accessibility, infrastructure, and social structures, saw increased demand.
Outsourcing giant Convergys relocates from Cyber City to Sohna Road in Gurgaon due to rent hikes
Gurgaon's luxury housing market is shifting towards mid-segment luxury apartments, driven by rising property prices and a preference for premium amenities within a more affordable price range.
Connaught Place in New Delhi and Bandra-Kurla Complex (BKC) in Mumbai are listed among the top and most expensive office locations in the Asia-Pacific region, according to Cushman & Wakefield's annual survey.
Theme-based housing is trending in the Indian residential market, driven by global exposure and increasing demand. Tata Housing and Disney are entering the market.
Demand for luxury homes in India is surging, driven by NRIs, evolving lifestyles, and festive offers. Major cities see high demand for homes exceeding ₹20 crore, prompting developers to launch luxury projects.
Suburbs are now preferred for real estate investment due to changing lifestyles and job availability. Gurgaon and Noida exemplify this trend, offering quieter, cleaner, and more relaxed environments.
Bangalore transformed from a seasonal racing town to a year-round economic hub after becoming the capital of the Kannada state. It faces infrastructure strains due to rapid growth.
India's property market to attract $3 billion from overseas buyers, despite high prices, driven by robust economy and growing middle-class population.
Many potential buyers are hesitant to invest in under-construction homes due to concerns about builders' reliability, despite lower prices and customization options.
Industry experts Pranay Vakil and Pankaj Kapoor discussed real estate trends, issues, and consequences at Moneylife Foundation's event on May 5. They highlighted the need for rental housing, infrastructure, and regulation.
Senior housing is emerging as a promising real estate sector in India, driven by changing mindsets, financial independence, and a growing senior population.
India's real estate industry shifts towards green building concept, with 30 million sqft of environment-friendly space, up from 20,000 sqft in 2003.
Delhi NCR sees a significant drop in commercial real estate rentals as businesses shift from Gurgaon to more affordable locations, impacting transportation costs.
New Delhi witnesses a 25% decline in retail rentals. The city ranked 69th globally in Q1 2023 due to decreased consumer spending and rising unemployment.
Residential real estate slump spreads to tier-2, tier-3 cities, with 25% drop in housing demand due to higher borrowing costs.
India's real estate market is rapidly changing, with new destinations emerging as investment hotspots, driven by IT growth, infrastructure, and retail boom.
The growth of serviced apartments is driven by rising hotel costs and space advantages, with companies like RKHS and Signature Crest capitalizing on corporate demands.