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Advisor Network Banking & Insurance Economic & Finance Market Overview Real Estate

How affordable housing can propel the growth of the real estate

It is an established fact that the real estate industry is the heart that drives a country’s economic progress. A relatively new fact is that affordable housing is the oxygen that can keep the sector running. As suggested in the name, affordable housing generally refers to housing that is deemed reasonably priced for those with a household […]

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

Luxury Housing Sales Double to 14% in H1 2022 from 7% in 2019

Approx. 25,680 luxury homes (units priced >1.5 Cr) were sold across the top 7 Indian cities in H1 2022, against 17,740 units in 2019; in H1 2022 itself, sales exceed those in entire 2019 MMR saw the highest luxury home sales – over 13,670 units sold in H1 2022, followed by NCR with 4,160 units […]

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

Homebuying Trends – Service Class Dominates, Larger Homes Still in Highest Demand

Sales data reveals that mid-to-high-end segment units are most preferred, accounting for 79% of total housing demand in India Housing demand for 2 BHK units dominates with a 38% share, followed by 3 BHK units at 26% across top 7 cities in India Service class buyers account for 68% housing demand in India 26% sales […]

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Advisor Network Banking & Insurance Economic & Finance Laws & Taxes Market Overview Real Estate State & Urban

Inflation and Interest Rate Hikes Impact on Housing Demand

What comes to mind when we speak of inflation and its impact on real estate especially on housing demand? Real estate is not a commodity like rice or petrol, which immediately reacts to inflationary trends. Yet, it is an accepted fact that inflation negatively impacts property prices. Most people imagine inflation and its effect on […]

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

Unsold Affordable Housing Stock Declines 21% in 2 Years, Luxury By 5%

As of Q1 2022-end, the total available stock of affordable housing (<INR 40 lakh) in the top 7 cities is approx. 1,86,150 units; 2,34,600 units at Q1 2020-end Chennai, Pune & MMR saw the highest supply decline of 52%, 33% & 27%, respectively Supply of ultra-luxury homes (>INR 2.5 Cr) declined 5% in the same […]

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

Body Blows to Housing Affordability in 2022

The housing market has experienced one shock after the other in quick succession. In Maharashtra, the added 1% metro cess and disproportionate rise in ready reckoner rates come at a time when developers are left with no option but to increase their property prices because of the steep increase in construction and other input costs. […]

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

Housing Prices Hike in 2022, Affordable Housing Demand Sinks Further: Survey

Price rise of <10% will have a moderate-to-low impact on sales; price rise of >10% would have a high impact Newly launched properties gaining traction in MMR & Bengaluru with over 31% respondent buyers favouring this category Residential plots are the 2nd best property type in the top 7 cities, most preferred option in tier […]

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

50% NRI Respondents Prefer Luxury Homes Priced Above INR 1.5 CR

In the pre-Covid survey, 68% NRI respondents were buying for investment – this has dropped to 47% in the post-Covid survey 50% NRI respondents prefer luxury homes priced >INR 1.5 Cr, 32% prefer premium properties (priced INR 90 lakh – INR 1.5 Cr), 11% eyeing mid-segment homes; just 7% interested in affordable properties 48% NRI […]

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