Top seven Indian cities witness sharp decline in residential sales from record highs, with Hyderabad posting steepest drop amid affordability concerns
Indian real estate sector
Latest in Indian real estate sector
Indian real estate sector
Indian real estate developers target NRIs in Dubai, US, UK amid housing sales slowdown: Report
The move comes against the backdrop of a major plunge in the rupee’s value against the US dollar and other major currencies, which enhances NRIs’ purchasing power
India
Ultra-luxury home sales surge 17% in India to $554mn: Report
Mumbai accounted for the majority of ultra-luxury home sales last year
India
India’s luxury residential property market sees 23% price surge in H1 2024: Report
The January-June period saw sale of 235,200 units in the high-end segment
India
India’s top 7 cities see 11% drop in housing sales in Q3 2024
The decline comes after a 2-year bull run in India’s residential real estate sector
India
Real estate trends: Rental rates in top 7 Indian cities surge 72% in three years, outpacing capital growth in major areas
Areas in Delhi-NCR, Mumbai and Hyderabad saw the reverse trend – capital values appreciated more than the rental values
Indian real estate
India’s residential real estate prices surge by 90% in 5 years: Report
The past five years have also seen a massive infusion of new supply across the top 7 cities, with an addition of more than 1,63 million units
Indian real estate
India real estate: House sales drop 8% in top 7 cities during Q2 amid demand slowdown
Data indicated that average residential prices have seen a quarterly jump of 7%
India
Housing sales boom in India’s commercial capital Mumbai despite rising prices: Study
Housing sales posted a robust 40% spike, while new launches registered a 27% jump last year, compared to 2022
Abu Dhabi
Indian real estate services major Anarock eyes major UAE, GCC expansion
It plans to enter into more business verticals in the real estate and property management services, either organically or through acquisitions in the region, armed with a $25 million cash chest raised in a fresh fundraising round early this week
India
Housing sales in India hit fresh peak in 2023, top 7 cities see 31% yearly growth
The spike in home sales this year comes despite rising property prices and home loan interest rate hikes earlier in the year
commercial real estate
Office rent in top 7 Indian cities grew 7%: Report
The South Indian city of Chennai experienced the highest yearly jump in office rental values at 10 percent, followed by Hyderabad at 8 percent
India
India’s ultra-luxury home sales surge 247% in 2023
The demand for luxury and ultra-luxury properties in India has increased since the pandemic, with HNIs and UHNIs buying them for investment and personal purposes
India
Top Indian cities see up to 33% average hike residential prices in 3 years
Among the top 7 Indian cities, key areas in the IT-led cities Hyderabad, Bengaluru and Pune saw the highest surge in average prices
India
House rents skyrocket in India, hits up to 31% jump in 9 months of 2023
The rising rental costs also led to inching up of residential rental yields in the South Asian country, bringing investors back to the housing market
India
India’s real estate sector posts 115% jump in luxury home sales in 9-month period of 2023: Report
Mumbai and Delhi-NCR, along with Hyderabad out-performed the other Indian cities in luxury housing sales in 9 months of 2023
Gulf region NRIs
India’s real estate market booms on NRI demand, Gulf expats lead investment surge
Industry players expect up to 30% jump in expat purchases in the last quarter of 2023, despite spike in home prices and no discount offers or freebies by developers