Let's just say you are house hunting. You seek out top realtors, go on guided property tours, and tick just about all the boxes before the conversation swings around 'condo' or 'condominium'.
Buying property in India is no longer a tiresome & tedious process. With the reforms taken by the government & expansion of the real estate sector in a legal order over the years, it has become seamless & easy to buy property in India. Following are the factors that have helped ease the buying & selling process of property in India:
As we embark upon a new phase in 2022, let’s look back at the year 2021, when we embraced the new normal & transformed for the better. The year 2021 was a transitional phase for us, a year of significant recovery, new launches and inclusive client-focused strategies.
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.
After going through the tumultuous two years due to Covid- 19 pandemic, the Indian real estate market has adapted to the change brought and roared back to life in 2022.
If we look at the journey of New Delhi, the city has grown enormously, keeping in pace with the changing times and the vibes. The capital city is known for its remarkable blend of heritage, culture, and multicultural lifestyle.
As per the recently shared reports, the residential and commercial real estate sector in India is projected to have a relatively stable year in 2022 compared to 2021. There is an increase of 5% in residential real estate rates while the recovery in the office sector is expected to keep rents stable in the coming year.
Although designing a happy home is very personal, you would be surprised to know the kind of impact our interiors have on our well-being and the way we feel.
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.
