Defaulting on home loan EMIs (Equated Monthly Instalments) can be a daunting and stressful experience, especially given the importance of maintaining a good credit score and the potential legal repercussions. In India, the pressure to keep up with EMI payments can be overwhelming, particularly during financial hardships such as job loss, medical emergencies, or unexpected expenses. However, it’s crucial to understand that to default on your home loan doesn’t mean the end of the road.

Housing sales across the top 30 tier-II cities increased 11 percent during the last fiscal year on account of high consumer demand driven by economic growth, infrastructure development, and an increasing desire for home ownership, according to the real estate data analytics firm PropEquity. Housing sales  in 30 major tier-II cities stood at 2,07,896 units in FY2023-24 versus 1,86,951 units in the preceding financial year.

In the midst of growing housing demand, under-construction property prices have seen a remarkable surge. According to a report by Savills India, prices of premium residential under-construction properties in major cities like Delhi, Noida, Gurugram, Bengaluru, and Mumbai increased up to 53% in June 2024. Completed projects have also increased by 44% in the top five cities, with Gurugram leading the way. This continued price movement indicates strong demand in the premium housing segment.

After a steady start in Q1 2024, Q2 2024 saw accelerated momentum, registering $2.5 billion of institutional investment inflows- the highest in any quarter since 2021. The industrial and warehousing segment accounted for the highest share of 61% of total investments, at $1.5 billion, led by select large deals in the segment. The residential segment also witnessed a significant rise in quarterly inflows, 7.5X times compared to Q2 2023, capturing a 21% share of total institutional inflows into Indian real estate.

Anshul Saigal, Founder, of Saigal Capital, says if the engine is doing well, which is real estate, then the bogeys will continue to perform quite well going forward. And this is not a one-year, one-quarter story. This is a three-five-ten-year story and you got to be patient. The sector has cleaned up so much. Just sit, take the ride, and do not be too impatient to get off.

London has been a preferred overseas real estate investment destination for high and ultra-high net worth individuals (HNIs/UHNIs) from India for decades. From industrialists and Bollywood celebrities historically, the clientele has over time expanded to also include Indians preferring to invest in London’s real estate market for their children pursuing higher studies in the city.

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Office space market across the top eight cities in India recorded its highest ever transaction volume in a half yearly period at 34.7 million square feet (mn sq ft) in H1 2024. The transactions recorded a YoY growth of 33% in H1 2024 from 26.1 mn sq ft in H1 2023. This is expected to touch more than 70 mn sq ft by the end of the year on the back of renewed demand for office space from IT and ITeS companies in the next few months, Knight Frank India said in its report released on July 4.

Finance Minister Nirmala Sitharaman is all set to table the full budget for the financial year 2024-25 in the third week of July. With the presentation of the Union Budget 2024-25 just a few days away, the real estate sector is looking forward to a series of reforms, rebates, and incentives that can drive growth and address the challenges in the sector.

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The Indian real estate market is experiencing a surge in investor confidence, with private equity (PE) investments reaching a record $1.7 billion (Rs 142 billion) in the first half of 2024 (H1 2024). This marks a significant 42% increase compared to the same period in 2023, according to a report by Savills India, a global real estate consulting firm. However, the inflows in Q2 2024 were at par with the corresponding period previous year and stood at $1.1 billion (Rs 96 billion) in Q2 2024, according to the latest findings by Savills India.

Politics has had a big role to play in Amaravati. To begin with, N Chandrababu Naidu as chief minister in 2014 anointed it as the next capital of Andhra Pradesh, after Telangana was carved out of Andhra and existing capital Hyderabad was demarcated to be in the new state. However, Naidu's successor Y.S. Jagan Mohan Reddy’s government in 2019 scrapped the plan, proposing instead that the seats of the judiciary, legislature and administration be in different parts of the state.