As per ANAROCK research, average property prices in the top 7 cities in the last decade (2010-Q1 2020) saw a close to 38% jump. The average price of a home in the top 7 cities rose from approximately INR 4,063 per sq. ft. in 2010 to INR 5,599 per sq. ft. by Q1 2020.
Wellness amenities such as yoga studios, meditation rooms, spas, gymnasiums, tennis courts and jogging tracks became the new rage among urban homebuyers.
Despite the lockdown across the country, digital sales have helped top developers resume at least 15-20% of their business.
Despite the relatively low rental yields, residential property investors increasingly prefer to earn a steady rental income over selling the property.
Cities like Mumbai have not woken up to climate change-induced dangers. Sea-facing or beach properties in the financial capital remain in high demand.
Does air pollution impact the property market? Findings show this is not the case. The impact of pollution on property demand in India is almost negligible.
Amaravati has created a brand name for itself globally. At present, a lot of administrative and legislative services are operated from the city.
The age of property buyers is an important demographic variable which Indian real estate stakeholders and advertisement agencies must focus on.
The government’s slew of measures to revive the automobile industry, will curtail the deeper impacts of the slump on other sectors, including housing.
When it comes to unsold housing stock, NCR has been in the limelight and the Millennium City, Gurgaon, tends to be a focal point for such analyses.