Homes On Rent

Bengaluru landlord demands Rs 5 lakhs deposit for 40,000 rental flat

A woman named Harnidh Kaur was asked to pay a Rs 5 lakh deposit for a rent of Rs 40,000 in the IT city, leaving her stunned. She took to X and highlighted the trend of exorbitant Bengaluru rent

New housing supply in Delhi-NCR triples in Q2 to 13,311 units: PropEquity

Fresh supply of residential properties in Delhi-NCR is estimated to triple during July-September to over 13,300 units as developers look to encash strong demand, according to PropEquity. Real estate data analytics firm PropEquity has estimated new launches of housing properties at 13,311 units in the current quarter as against 4,147 units in the year-ago period. Housing sales in Delhi-NCR are likely to increase 22 per cent during July-September 2024 to 10,263 units from 8,411 units in the corresponding period of the previous year. Rise in fresh supply of homes was one of the major factors for an increase in sales in Delhi-NCR market, besides strong consumer demand. Overall across nine major cities, PropEquity data shows that new launches in July-September 2024 may fall to 93,693 units from 1,05,655 units in the same period last year. Sales are estimated to decline 18 per cent to 1,04,393 units in the quarter under review from 1,26,848 units in the same period last year. These nin

Sattva Group targets 85% growth in housing sales this fiscal: MD Agarwal

Realty firm Sattva Group is bullish on India's housing market and will launch many projects to achieve 85 per cent growth in sales of residential properties to around Rs 6,500 crore this fiscal, a top company official said. In the 2023-24, Bengaluru-based Sattva Group achieved sales bookings of Rs 3,500 crore. "We are very bullish on housing demand. We are targeting to achieve sales of Rs 6,000-6,500 crore this financial year," Sattva Group MD Bijay Agarwal said. He said the company would invest Rs 12,000-14,000 crore over the next three years to build housing, office and hotel projects. The bulk of the investments would be to develop housing projects and office complexes. Sattva Group is one of the leading real estate developers in India with a significant presence in South India. It has completed 140 projects comprising 80 million square feet area in the last 30 years. Around 23 million square feet are under construction, and 65 million square feet are in the pipeline. Agarwal

Home supply drops 13% in Apr-Jun due to fewer project launches: PropEquity

Fresh supply of housing units is estimated to decline 13 per cent during this quarter across nine major cities with builders launching less number of projects because of the general election, according to real estate data analytic firm PropEquity. PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period. Pune and Hyderabad are witnessing fewer launches during this quarter while the new supply in Delhi-NCR has almost doubled. Samir Jasuja, Chief Executive Officer & Managing Director of PropEquity, attributed the fall in new supply of housing units to the Lok Sabha election which took place in this quarter. The new supply is 7 per cent lower from the January-March quarter of this calendar year, he added. As per the city-wise data, new launches of residential properties in Delhi-NCR are likely to rise 95 per cent to 11,118 units during April-June this year from 5,708 ...

Shubhashish Homes honoured with the 'Luxury Project of the Year' Award for Shubhashish Prakash in the Non- Metro Category

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New supply of homes fall 38% across top 8 cities in Jan-Mar: PropEquity

New supply of affordable homes -- priced up to Rs 60 lakh each, declined 38 per cent across eight major cities to 33,420 units during January-March this year, with builders focusing on developing luxury flats, according to PropEquity. Real estate data analytic firm PropEquity attributed the fall in new supply to sharp rise in land and construction costs, which has made development of affordable housing projects less profitable or unviable. According to PropEquity data, the fresh supply of homes, up to Rs 60 lakh each, stood at 33,420 units during January-March 2024 across top eight cities, as against 53,818 units in the year-ago period. These eight cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Bengaluru, Hyderabad, Chennai, Kolkata, Pune and Ahmedabad. PropEquity data showed that the new supply in this price category fell 20 per cent during the 2023 calendar year and the declining trend continued in the first quarter of this year as well. "The number of affordable hou

City rents pinch more than before: Household consumption expenditure survey

Share in expenditure higher than previous consumption expenditure survey reports dating back to at least 1999-2000

Realty firm K Raheja Corp Homes sees strong buyer demand from West India

In addition, the company has plans to add more 2.5 million square feet to build on its existing 6.5 million square feet of saleable area, totalling about 9 million square feet during the rest of FY 24

NoBroker brings metro station-based property search option for home seekers

The metro-based property search feature allows users to find homes along metro lines close to their workplace

Avg rent in Gururgram increases by 28% annually in Jan-Jun: Savilis

The average monthly rental for premium housing rose 28 per cent year-on-year in Gurugram during the January-June period of this year on higher demand, limited supply and appreciation in capital values, according to Savills India. In Gurugram, the "average rentals witnessed an increase of 28 per cent YOY (year-on-year) across all markets. GCER (Golf Course Extension Road & SPR (southern peripheral road) and Golf Course Road saw the highest rise in rentals with 33 per cent and 31 per cent YOY growth, respectively," real estate consultant Savills said in its report. As per the report, the average quoted rentals are for 3BHK and 4BHK apartments on Golf Course Road and 3-BHK apartments in other micro markets. As per the Savills data of the first half of 2023, Golf Course Road commands a monthly average rental of Rs 1,95,941, while the average rent at Golf Course Extension Road and Southern Peripheral Road is Rs 1,01,000 a month. The data showed that average rent in New Gurugram is Rs ..

Man in B'lore seeking flat asked for LinkedIn link and Class 12 marksheet

A LinkedIn user recently shocked social media users after he shared the screenshot of a conversation he had with his landlord, proving the struggles one has to go through to book a flat in Bengaluru

Singapore may vote on soaring rent as locals feel real estate price pinch

Singapore's Finance Minister Lawrence Wong said, in Singapore, the prime minister has to be a real estate agent while acknowledging that prices have soared

Housing rentals surge by 40% in Delhi-NCR as demand outstrips supply

Rental prices for micro-markets in Noida and Gurugram have soared, with landlords trying to make up for losses

India's rising home prices, rentals a new inflation threat: Analysis

Urban housing inflation rose to 4.47% year-on-year in December 2022

Check 'rental value fit' when you are investing in house, say analysts

This is the amount that a typical tenant drawn to a locality is prepared to pay

UP Cabinet approves ordinance to regulate rent and tenancy agreements

The Uttar Pradesh cabinet has approved the decision to bring in the Uttar Pradesh Regulation of Urban Premises Tenancy (second) Ordinance 2021

16% landlords drop 2 months' rent, 44% didn't raise it in pandemic: Survey

The survey, conducted by property classified 99acres.com which is owned by Info Edge India Ltd, polled 49,600 house owners and brokers who have listed properties for rent or sale

Covid-19: Tamil Nadu gives 3-month extension for payment of taxes, loans

The state also urged house owners to consider being lenient with tenants on rentals

A hide-and seek-game that's disrupting property rental brokerage business

Nobroker has developed an algorithm to weed out brokers and facilitate direct interaction between the home owner and the seeker of rental accommodation