Housing prices across top 8 cities last year rose by 7%: Report
Business | Feb 07, 2023, 08:21 PM ISTAs per Real Insight report, Gurugram had the biggest price increase of almost 13%, followed by Bengaluru and Delhi-NCR saw price increases of 9%.
As per Real Insight report, Gurugram had the biggest price increase of almost 13%, followed by Bengaluru and Delhi-NCR saw price increases of 9%.
Before making a decision, investors must consider all aspects such as budget, connectivity, rent, maintenance, operating costs, tenant availability, and market conditions.
The growth of the real estate sector creates myriad opportunities like creating employment, improving the lifestyle of the people, attracting foreign investments, etc. The sector painted a positive picture in 2022, showing signs of revival in spite of the pandemic.
Not everyone is fortunate enough to win the lottery or inherit a large sum of money, the less fortunate among us must seek alternative means.
Growth of the world's second-largest economy slid to 2.9 per cent over a year earlier in December from the previous month's 3.9 per cent, government data showed Tuesday.
We can anticipate the 2023 real estate industry to remain strong. Investors, on the other hand, can indeed be better equipped to steer these challenges and make profitable investment decisions.
Real estate boom: According to housing brokerage firm PropTiger.com's report Real Insight, the housing sales rose 50 per cent to 3,08,940 units during this year across eight major cities as compared to 2,05,940 units sold in 2021.
If you've always wanted to own a home, real estate is the most straightforward and trouble-free investment option. It is no longer thought that one must be well settled before purchasing a home.
Investment options in 2023: Here are a few of the ideal investment plans for 2023-24, taking into account market churn and trends from the previous fiscal year.
Evergrande has been at the heart of the country's real estate troubles since last year, and has become China's most indebted developer with $300 billion in liabilities.
Many Chinese home buyers announced they would stop making mortgage payments to banks until work resumed on unfinished projects, VOA reported.
Aided by housing finance companies' offering affordable housing portfolios, the luxury realty market is expected to explode in the coming years.
Coworking spaces demand has already almost doubled from the pre-Covid-19 levels and is expected to grow manifold in the coming years.
Traditionally, commercial leasing is a better investment option than residential markets as it can ensure recurrent rental income.
The searches were carried out on June 3 against Gupta Builders and Promoters Pvt. Ltd., its directors Satish Gupta, Pardeep Gupta, their associates Bajwa Developers Ltd, Kumar Builders, Vinmehta Films Pvt. Ltd.
The labour cess is collected by the government as one percent of cost of construction projects worth Rs 10 lakh and above.
Shristi Infrastructure Development Corporation CMO Abhishek Bhardwaj said there is demand in the industry to redefine affordable housing.
"In compliance of the Supreme court order, Supertech has signed an agreement with Edifice Engineering for the execution of demolition of twin tower and made an advance payment to it for mobilisation of men, materials and machines to site as per this agreement," a Supertech spokesperson said.
The government has listed for sale real estate assets of state-owned telecom companies BSNL and MTNL at a reserve price of around Rs 970 crore.
The real estate sector is divided into four sub-sectors -- housing, retail, hospitality and commercial. It is the second-highest employment generator, after agrarian.
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