Home Prices

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We report on how strategise for a pricey property market and what to give family and friends for Diwali

Residential sales: Rs 1 cr + homes lead market, constitute 46% of all sales

Residential prices in Bengaluru saw the sharpest rise at 10% YoY as focus increasingly shifted toward the development of premium properties.

Bigger is better, luxury is king: Flat sizes up 96% in Delhi NCR in 5 yrs

Average flat size increased by 32% in the last five years: From 1,145 sq ft in 2019 to 1,513 sq ft in H1 2024.

Home prices to rise steadily, affordable housing to be scarce: Poll

Economic growth in India, Asia's third-largest economy is expected to continue outpacing its major peers

Average home prices in India up 10% in first quarter this year: Report

3% increase in unsold inventory in top eight cities of the country, it says

Residential real estate prices in India to go up 4-6% this year: Report

Rising per capita income, moderating inflation, stable commodity prices to support demand, it says

Shubhashish Homes to Launch 3 New Projects in FY 24-25

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Despite high prices, more Indians want to buy a 3 BHK home: FICCI-Anarock

This is despite the fact that 55% of Indians believe their disposable income had been 'majorly' impacted by inflation

Avg housing prices up 20% in last two years across 8 major cities: Report

Average housing prices rose by around 20 per cent in the last two years across the top eight cities on rising demand, according to a report by CREDAI, Colliers and Liases Foras. These eight cities include- Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune. In a joint statement on Wednesday, realtors' body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras said that "prices across the top eight cities in India surged by about 20 per cent in the last two years (2021-2023)." Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30 per cent in 2023 compared to 2021 levels, it added. "The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market, said Pankaj Kapoor, Managing Director, Liases Foras.

High demand pushed home prices up 20% in 2023 as compared to 2021: Report

The highest rise in prices was witnessed in Delhi-NCR, followed by Bengaluru and Kolkata

Mumbai, Bengaluru in top 10 cities with highest home price rise in APAC

In the region, Singapore saw the highest price rise followed by Perth and Brisbane

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

65% Indians looking to buy a home in 2024: NoBroker Annual Report 2023

The contributing factors include narrowing the gap between rents and EMIs, increase in affordability and security of owning a home

Affordability levels of homes hit in last 2 years, to improve in 2024: JLL

The rise in housing prices and mortgage rates have impacted affordability levels to buy homes in the last two years across seven major cities but it may improve next year due to a likely reduction in repo rate, according to JLL India. The improvement in affordability levels would further boost housing sales, which have risen despite increases in property prices and interest rates on home loans. The consultant on Sunday released its 'Home Purchase Affordability Index' (HPAI), which signifies whether a household earning an average annual income (at an overall city level) is eligible for a housing loan on a property in the city at the prevailing market price. "The rising repo rate in 2022 as the RBI reacted to the global recessionary and inflationary trends, plus a strong demand recovery spurring price hikes, worsened affordability in 2022," the report said. In 2023, the consultant said that affordability levels are likely to marginally worsen or remain the same when compared to 2022

India home prices to outstrip inflation, driven by high end of market: Poll

The survey predicted home prices in large urban centres Mumbai, Delhi and Bengaluru rising 6.0%, 7.0% and 7.0% next year, respectively

IT hubs push home rent in India up 30% in first 9 months of 2023: Anarock

The highest jump in home rent of 31% was recorded in the Whitefield region in Bengaluru

Mumbai reports 4th highest rise in home prices globally: Knight Frank

The price rise was the steepest in Manila at 21.2%, followed by 15.9% in Dubai and 10.4% in Shanghai

Global residential prices fall but high demand keeps Indian cities costly

The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank

China's new home prices in August fall at fastest pace in 10 months

China has in recent weeks delivered a raft of measures to boost home buying sentiment, including easing some borrowing rules, and relaxing home purchasing curbs in some cities

Mumbai to see the highest rise in residential prices in the world in 2024

At 48.8%, Dubai saw the steepest price rise in home prices in the quarter that ended on June 31 as compared to the same quarter last year: Knight Frank