Mumbai, 8th August 2023: The pandemic has been an indubitable boon for the previously lacklustre luxury homes segment, with sales and new supply increasing manifold since then. Prices were bound to catch up with the demand. On analysing the average price trends in the top 7 cities across different budget segments, ANAROCK Research data reveals that
Covid-19, along with its unexpected boost to the Indian housing market, has come and gone – and yet, residential real estate continues to sell at a rapid clip, after many years that saw developers struggling with low demand and mounting inventory. How did this happen? Is this demand sustainable? Is it a bubble that will
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
The housing market is a significant part of the economy in India, especially given its large population. The demand for new housing comes with the increasing demand for affordable loans. Lending institutions like state-owned banks account for over 60% of the credit provided, while privately owned banks have been able to grow their share by
Increased demand for real estate tends to lead to home prices hike eventually. Even when demand was low for a long time but has begun to revive, developers avoid increasing home prices because they want to foster the new demand. There was a 3-year-long market slowdown before the Covid-19 pandemic, and the pandemic itself was
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
Recently, the apex realtor’s body CREDAI made a startling announcement – that housing prices will probably go up by as much as 15% soon. At first glance, this announcement appeared to put homebuyers on notice. At the very outset here, I would like to clarify that this is not the case at all. This was
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
