Over 88,230 units were sold in Q3 2022, against 84,930 units in preceding quarter & approx. 62,800 units in Q3 2021 MMR recorded the highest sales of approx. 26,400 units, followed by NCR with approx. 14,970 units Approx. 93,490 units were launched in Q3 2022 against 82,150 units in Q2 2022 – an increase of […]
38% of respondents still prefer 2BHKs; in the previous survey (H1 2021), 46% preferred 2BHKs while 40% voted demand for 3BHKs Demand share for 4BHKs has also risen – from 2% pre-Covid to 7% now High inflation has majorly impacted disposable incomes of at least 61% of respondents Luxury properties priced >1.5 Cr gaining traction […]
Among localities in top 7 cities, Mumbai’s Worli saw highest rental growth (18%); avg. rentals (for a min. 2,000 sq. ft. home) increased from INR 2 lakh in 2020 to INR 2.35 lakh in 2022 Bengaluru’s Rajajinagar saw a 16% jump in the same period – from INR 56,000 in 2020 to INR 65,000 in […]
With so many other options before you, should you invest in residential real estate? Will it be more profitable than mutual funds or direct stocks? Can you make a killing with housing? Here is what you need to know about housing investment in order to get profits in this tough market: Let me be blunt […]
In India, 21% or total 57 malls are in a dilapidated state(Ghost Malls) and have resulted in a loss of over $524 million, according to Knight Frank India’s latest report ‘Think India, Think Retail 2022’. On a mall by mall level, the term ‘ghost mall’ is defined as having less than 40% occupancy. Delhi NCR has […]
In India, technology now plays a significant role in the growth of not only businesses but society as a whole. Digital technology is now being used in several critical ways, including in the banking and finance sector, education, communication, healthcare – and real estate. During the pandemic, these technologies came to the forefront. Education went […]
In a tragic event, a woman in Delhi NCR reportedly died after she had an exploding phone (Xiaomi Redmi 6A) near her head. This happened to a YouTuber’s aunt, and he claimed she was sleeping with the device beside her head. With help from Manjeet, Twitter users were finally able to see graphic images of […]
Of net office absorption of 20.8 Mn sq. ft. in H1 2022 across top 7 cities, coworking comprised a 20% share; in H1 2021, its share was 6% of 9.33 Mn sq. ft. IT/ITeS office spaces share declined from 49% in H1 2021 to 36% in H2 2022 Bengaluru & Hyderabad account for 50% of net […]
Undoubtedly, urban flooding, especially in a country like India, which sees annual monsoons, can have serious economic consequences. These consequences are completely apart from the inconveniences and frayed tempers caused by pothole-raddled, awash streets. For example, excessive rains ruin crops – a serious matter in agriculture-driven nations where food prices are dictated by availability. Flooding […]
At long last, construction of the much-awaited and critical 170-kilometer-long Pune Ring Road project will kick off after the current monsoon. By separating inner-city traffic from highway traffic, the Ring Road will significantly enhance transit and bring down pollution caused by traffic jams. PMRDA has advised that they have released tenders for the inaugural 32-kilometer […]
