Buying a home is a once-in-a-lifetime experience for most buyers. And because it involves a huge financial investment in the lives of most people, it can be overwhelming.
Buying a home is a once-in-a-lifetime experience for most buyers. And because it involves a huge financial investment in the lives of most people, it can be overwhelming.
Despite the pandemic and frequent nationwide lockdowns, the NCR region has demonstrated remarkable resilience as it witnessed around 65% growth YoY in the CY2021. Around 35,073 residential & commercial units were sold during the year, while there have been new launches that saw around 110% YoY rise with 20,585 units in 2021.
Post Covid-19, the real estate market has started gaining strength with cities in Delhi-NCR, boasting housing sales of 10,220 units in the third quarter compared to 5,210 units in the previous year as per the reports. Prominent cities, including Noida, Gurgaon, and Ghaziabad and others witnessed as high as 96% increase in housing sales and around 24% additional new launches. If you look at the previous third quarter, it saw 6,810 launches in these in NCR, while the latest quarter witnessed 8,420 launches.
We’ve been seeing a lot of home sales in Mumbai these days. In fact, during the Navratri season, this number has been increasing substantially with over 400 apartment registrations coming through every day!
Potential home buyers want to make the most of this great time to buy a home, and more than 80% are inclined to buy homes within the next three months according to a study by JLL called the 2021 Homebuyer Preference Survey.
Smart home trends have been growing in popularity for years. With this, we continue to look for new ways to connect everyday devices in our homes and make the places we live more comfortable, safe, and entertaining. The Indian household evolved last year inclining towards smart houses as almost everybody was working from home and it made sense to turn your house smart. That’s exactly what happened, people started looking for contactless solutions and opted for IoT products.
Sellers of an independent apartment block in the cities of Gurugram, Faridabad and the National Capital Region are seeing a new trend-Customers buying entire four-story complexes for friends and family.
Prime Minister Narendra Modi and his Japanese counterpart Shinzo Abe laid the foundation stone for the 508 km long Mumbai-Ahmedabad ball track project on 14 September 2017. The proposed expressway line from Delhi Sarai Kale Khan to Varanasi will run parallel on the Great Noida Expressway over 25 km from Noida, 165 km on the Yamuna Expressway and 361 km from Agra on the Lucknow Expressway among other highways said an official from the Yamuna Expressway Industrial Development Authority (YEIDA). At an average speed of 320 km/hour, it will take 21 minutes to reach the planned Noida International Greenfield Airport in Delhi.
Growth in the future will be driven by the affordable middle segment and the continued demand for high-quality luxury apartments in selected locations. Whether dream destination, wedding, dream car, or dream house: Millennials believe that planning is a step forward in life.
Electronic giant, Samsung has recently completed the work of establishing a display manufacturing unit in Noida due to the better industrial environment and investor-friendly policies. The manufacturing unit was earlier located in China.
Gurugram is the next big business capital as the city has a huge scope for expansion. The city was built mostly by private companies to suit their needs and it continues to do so. Big multinational firms, such as Google, HSBC, Nokia, Intel, FMCG, and IT other companies have chosen to locate their headquarters in Gurgaon.
Nestled in the middle of the Sahyadri Hills, Pune is the second biggest city in the western Indian state of Maharashtra with around 4.5 million population. The city is a growing industrial and urban hub, featuring a distinct character of its own in the making. For over 10 years, the city has developed dramatically, boosting a growing cosmopolitan culture and strong public and private infrastructure. Apart from opportunities and development, Pune essentially has everything in just the right amount, making it one of the best cities to live in India.
While we are experiencing some of the highest population growth, property price growth, and amenity-led growth in the country, the demand for budget-friendly residential properties has also seen a surge.
With the advent of Covid-19, almost every industry was badly hit, leaving millions of people out of work and hungry. However, in the middle of this crisis, the housing market boomed and the demand for housing in India started outpouring.
The global pandemic has shattered the world order and has affected every industry. But surprisingly the Real Estate market bounced back quickly...
