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Real Estate

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

Mumbai, 17 March 2021:  MMR, Bengaluru and Pune are currently the top three cities for buying homes for end-use and property investment. With property prices having bottomed out in MMR – the most expensive real estate region of the country, both investors and end-users are back on the market. The IT/ITeS sectors’ post-COVID boom has

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Real Estate

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

Mumbai, 11 March 2020: Until recently, millennials were consistently driving up the demand for studio apartments in the top 7 cities – to such an extent that, over the last 7 years, developers customarily offered this configuration in their projects. In fact, studio apartments’ share in new launches had been rising y-o-y since 2013. However,

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Real Estate

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 floor. In fact, with more than 53 skyscrapers (buildings >150 m tall), Mumbai has the maximum

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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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Real Estate

Women Emerge as Key Homebuyers, ~71% Want Ready Homes

In Indian real estate, every day is Women’s Day now! On the journey from being part of the home buying process to driving it, today’s financially strong Indian women emerged as a powerful demographic in ANAROCK’s latest consumer sentiment survey published in February 2021. Prashant Thakur, Director & Head – Research, ANAROCK Property Consultants says,

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Real Estate

Rental Appreciation Trumps Capital Price Growth in Top Luxury Markets Since 2014

Mumbai, 1 March 2021: Amidst various industry reforms in the last seven years, multiple new trends emerged in the Indian residential real estate market. Strikingly, housing rentals in key luxury markets saw better y-o-y growth between 2014-2020 than average capital prices in the same localities. Anuj Puri, Chairman – ANAROCK Property Consultants says, “The average

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Real Estate

NRIs Eye Luxury Homes post-COVID, Bengaluru and Pune in Highest Demand

In an interesting twist in the post-COVID-19 real estate demand, NRIs are once again scouting for Indian luxury homes. As per ANAROCK’s latest consumer survey, at least 73% NRIs now prefer properties priced between INR 90 lakh to INR 2.5 Cr. In the pre-COVID survey (H2 2019), just 41% preferred properties within this price bracket

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Real Estate

Indian Real Estate – No Progress Without Collaboration

The Indian real estate sector has seen a tremendous transformation over the last decade. In earlier years, it was unorganized and real estate developers used to build whatever they wanted, with no planning, quality control and accountability. We can see the evidence of such unorganized development in our cities even today. Moreover, Indian real estate

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Real Estate

COVID-19 Sentiment Survey – 43% homebuyers now prefer peripheries, millennial buyers Up 31%

CII–Anarock Covid-19 Sentiment Survey Mumbai, 17th February 2021: Amidst deals, discounts and cheaper home loans, nearly 62% of respondents in the CII-ANAROCK COVID-19 Sentiment Survey consider it expedient to buy homes right away. 24% respondents have already booked properties (81% of this segment were previously unsure of buying) and 38% opted for newly-launched projects. The report

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Real Estate

Luxury Housing Sales in Delhi-NCR Rise in 2020, Supply Decreases

Despite the pandemic, luxury housing (priced >INR 1.5 Cr) in Delhi-NCR performed reasonably well in 2020. Of the total housing sales of ~23,220 units that NCR saw last year, luxury housing comprised over 4% share – increasing marginally over 2019, when it was 3% (of 46,910 units). Noida witnessed total housing sales of ~3,240 units

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