Amid rising home loan interest rates, housing developers are offering a multitude of gifts, from gold coins, diamonds, iPhones to flexible payment terms to attract homebuyers. Companies are trying to woo their prospective homebuyers with various sops, as many people consider buying a home auspicious during the period of festivity.
Covid restrictions at shopping malls have pushed rentals at high street locations in top eight cities by 8-22% when malls saw rents increase by just 2-3% since last year.
On the last day of Homethon Property Expo 2022 organised by Naredco Maharashtra at Jio World Convention Centre, BKC, Chief Minister of Maharashtra Eknath Shinde stated that construction as an important sector, should be able to provide housing for all. It is everyone’s dream to own a home of good quality and at affordable rates.
The recent COVID-19 pandemic-induced lockdown resulted in a mass reverse migration of urban migrants. The heart-wrenching plight of the urban migrants highlighted the deep-rooted problem of access to safe and affordable housing spaces in urban areas.
In India, October marks the start of the festive season. Indians look forward to the season of festivities with many expectations, hopes, and happiness. Festivals such as Navratri, Dussehra, Dhanteras and Diwali are traditionally considered auspicious times to make significant and worthwhile lifetime investments, such as buying a house. Another strong reason is that buying a dream home is an important milestone that entails excellent emotional involvement.
Indore bagged the title of India’s cleanest city for the sixth time in a row as the results of the Central government’s annual cleanliness survey ‘Swachh Survekshan Awards 2022’ were announced on Saturday.
The Reserve Bank of India’s (RBI’s) fourth successive hike of the repo rate last week by 50 basis points (bps) is expected to push certain prospective homebuyers to defer immediate plans to purchase property and opt for rental accommodation over the next few quarters.
Housing sales rose 87 per cent in January-September across seven cities to 2,72,709 units and breached the transactions clocked in entire 2019 pre-COVID year on strong demand, according to Anarock.
Bengaluru has recorded the highest office space transactions with 7.3 million square feet in the third quarter of FY22, up by 70 per cent year-on-year from the previous year’s 4.3 million square feet, finds the latest report by Knight Frank India, a property consultancy.
The year 2022 is likely to emerge as the best year in terms of office space leasing, with absorption likely to cross 50 mn sq feet across the top 6 cities, driven by a spillover in demand from the last two years and renewed interest from occupiers.
