Millennials, usually described as those born between 1981 and 1996, have been hogging the news as the new ‘power user’ group of Indians who are buying homes. Are they really such a big deal? Let’s look at some facts to understand why millennial are such an influential homebuying segment in India today. The United Nations
Investment in residential real estate is a very different kettle of fish than end-user homebuying. When the intention is to return on investment(ROI) in 2023, knowing how the housing asset class is performing is of prime importance. From an ROI perspective, there are two buckets to check in 2023 in the housing market – capital
In a recent report on housing prices in the country’s top cities, real estate consultants PropTiger.com found that average residential real estate price tags rose by 7% in 2022. In Pune, prices rose by 8% when compared to 2021. The consultants correctly attribute the price rise to the increased construction cost and the continuing demand
Mumbai, 13 February 2023: Average monthly residential rentals in the top 7 cities in both the luxury and the mid segment categories, were on a roll in 2022. Latest ANAROCK data shows that the key residential rental hotspots saw up to 23% growth in average monthly rentals between 2019 and 2022. Noida’s Sector-150 remained on top
You’re not alone if you harbour a desire to finally buy your own home and get off the rental treadmill. The great Indian homeownership dream is driven by a combination of cultural norms valuing property ownership, increasing urbanization and economic growth leading to higher disposable incomes, and various government initiatives encouraging homeownership. But one of
For far too long, the real estate sector had stubbornly held on to age-old conventional models and practices of planning, management, construction, project execution, and sales. This may be due to the underlying risk considering the high asset value and the large quantum of investments required to explore new methods. In India as well as
The new measures announced in the Union Budget 2023-24 may certainly help unleash Indian economy’s potential. However, from a real estate point of view, there were no major direct announcements that could be seen as immediate booster shots. The enhanced allocation for PM Awaas Yojana by 66% to over INR 79,000 crores is certainly a
A non-traded REIT or a real estate investment trust (REIT) is not listed and marketed on a public exchange and accurate information about the current non-traded REIT news helps investors to invest in these firms. Financers approach varied real estate investments with lesser fund requirements and get extra tax rewards from non-traded REITs. A firm
Mumbai, 30 January 2023: India’s residential real estate sector looks hopefully to Budget 2023-24 to boost the country’s flagging affordable housing segment. The segment had revived after the government began to roll out incentives from 2015 and became ‘respectable’ with both buyers and developers. However, the pandemic seriously impacted the affordable housing segment, with both demand
India’s Republic Day commemorates the enactment of the country’s Constitution on January 26, 1950. While the Indian Constitution is fundamentally important at all levels of Indians’ lives today, we should also remember that it has played a significant role in shaping the country’s housing market. After all, it provides the framework for citizens and government’s
