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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

MMR Unsold Housing Stock Falls 8% Y-o-Y Despite New Launches

MMR’s y-o-y decline in unsold housing highest among major 7 cities in Q1 2021, – from 2,13,180 units as on Q1 2020-end to approx.1,97,040 units by Q1 2021-end Despite ample new supply, MMR’s unsold stock decline amidst robust sales – approx. 14,820 units (highest of top 7 cities in Q1 2021 Of approx. 20,350 units […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Housing Sales in Top 7 Cities Surge 29% Y-o-Y in Q1 2021, Breach Pre-COVID-19 Levels

58,290 homes were sold in the top 7 cities in Q1 2021 against 45,200 units in Q1 2020; housing sales breach pre-COVID levels MMR & Pune account for 53% of total sales in top cities, driven by stamp duty cuts, discounts & rock-bottom home loan rates New launches outpace housing sales – 62,130 units launched […]

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Advisor Network Economic & Finance Market Overview Real Estate

Fractional Ownership – Putting Luxury Vacation Homes Within Reach

The times are changing for the luxury resorts and vacation homes market in India. Previously the exclusive domain of HNIs capable of shelling out huge sums, this market may now attract a new set of buyers with a yen for owning a luxurious beach-facing property or mountain vacation home at a fraction of the total […]

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Economic & Finance Real Estate State & Urban Travel

10 Best Residential Areas and Sectors to Live in Noida

Noida is a well-planned city in Uttar Pradesh. Noida is also a part of Delhi NCR. The Noida has emerged as one of the most vibrant cities in recent years. People like Professional, Family, and Bachelors are more prefer to live here. Even the cost of living in Noida is much lower than Delhi. Noida […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Why is living in PCMC a lifelong lifestyle choice for all age groups?

Pune has a lot going for it – it has a strong industrial belt, is a major education hub and an important base for the armed forces, and is the second major IT destination of the country. In recent years, the Centre for American Entrepreneurship called it an ‘emerging global start-up hub.’ This growth in […]

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Advisor Network Economic & Finance Market Overview Real Estate

MMR, Bengaluru and Pune Currently the Top 3 Cities for Property Investment

Property prices in India’s most expensive real estate market (MMR) have bottomed out; unsold inventory declines 6% annually – the highest y-o-y decline in 6 years IT/ITeS sectors booming amidst COVID-19 makes Bengaluru & Pune favourite investment destinations; Bengaluru saw unsold stock decline by a whopping 51% in 2020 since 2016 Pune saw avg. property […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Studio Apartments’ Growth Curve Hits Reverse Gear for 1st Time in 7 Years

Of a total of 884 projects launched in 2020 across the top 7 cities, just 130 projects offered studio apartments – a 15% share Of the new project launches b/w 2013 to 2020, those offering studio apartments increased y-o-y till 2019 – from 4% in 2013 to 19% in 2019 New pandemic realities and changing […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Which floor should you buy in a high-rise building: Pros and Cons of Higher and Lower Floors

With the relentless rise in urban population, there is pressure on the land and vertical growth is the only option available to developers. Most housing projects currently in the pipeline in cities like Mumbai, Pune and Bangalore are high-rises. In fact, with more than 53 skyscrapers (buildings >150 m tall), Mumbai has the maximum number […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Karnataka Stamp Duty Cut – Limited Impact

Emulating its immediate neighbour Maharashtra which saw major boost in sales due to limited-period stamp duty cuts last year, Karnataka decided to reduce the stamp duty charges to 3% for homes valued between INR 35 lakh to INR 45 lakh. This was revealed during the current state budget announcements. While the move does carry a […]

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Advisor Network Economic & Finance Market Overview Real Estate

Celebrating Indian Women as Homeowners

Previously a male prerogative, homeownership in India has undergone a massive cultural and perceptual change. More and more Indian women are now determined to own their homes rather than just live in them. According to BankBazaar’s Moneymood 2021 report, the average home loan size for women had increased to INR 31.20 lakh in 2020 from […]

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