Mumbai region, Pune lead housing activity, accounts for 53% sales in top eight cities in Q1, Real Estate News, ET RealEstate

Property markets of Mumbai Metropolitan Region (MMR) and Pune are driving the most housing sales among the country’s top seven cities as indicated by the rising contribution of these markets in total sales led by reduction in stamp duty, discounts and appropriate product strategies of developers. MMR and Pune accounted for 53% of total sales […]

JLL, Real Estate News, ET RealEstate

NEW DELHI: JLL believes that India’s current office markets across seven major cities have potential space of 284 million sq ft that could be securitised with an estimated value of Rs 2,62,800 crore. “This estimate was based on buildings that meet two important criteria – single ownership and large floor space with high occupancy rate. […]

Share of studio apartments supply in top cities dips for first time in seven years, Real Estate News, ET RealEstate

Representative Image Amidst rising demand for relatively bigger size apartments led by the COVID19 pandemic realities, property developers’ focus on compact studio apartments, which had emerged as a favourite option among urban millennials in the last few years, has come off. For the first time in the last seven years, the share of studio apartments […]

About 20% cut in circle rate draws buyers of luxury property in South Delhi, Real Estate News, ET RealEstate

NEW DELHI: Inquiries for independent floors and bungalows in posh areas of South Delhi have increased substantially after the 20 per cent reduction in circle rate by the Delhi government, according to brokerage firms of luxury properties. Sotheby’s International Realty says that the move will accelerate sales in several high-end areas where transactions were on […]

NCR has about six years of unsold residential inventory, Real Estate News, ET RealEstate

NEW DELHI: Builders in the National Capital Region (NCR) are finding it difficult to sell-off their properties. The “age of unsold inventory”, the number of quarters for which the unsold inventory of a market or micro-market has existed there, is 23.5 quarters in NCR, according to a recent report by Knight Frank India. It is […]

JLL India, Real Estate News, ET RealEstate

NEW DELHI: In 2020, the net absorption of office spaces in top seven cities dipped by 44% when compared to 2019, according to JLL India. In 2019 the net absorption crossed 46 million sq ft while in 2020 it has reached about 25.82 million sq ft. In the Jan-March 2020 quarter the net absorption was […]

Mumbai looks to work from bigger, cheaper homes, Real Estate News, ET RealEstate

MUMBAI: Home buyers in Mumbai are dreaming big. Affordability and the ongoing pandemic-induced need for bigger homes is pushing the average ticket size of property deals in the country’s commercial capital up by 50-100%. Average ticket sizes have grown to Rs 1.5-2 crore in the city up from around Rs 1 crore before the pandemic, […]

Residential rentals take a hit on job losses, WFH model, Real Estate News, ET RealEstate

BENGALURU | MUMBAI: Residential property rentals across major markets have witnessed negative to negligible appreciation this year as an increasing number of young professionals prefer vacating rented homes and paying-guest accommodations or are seeking rent relief. The emergence of the work-from-home model and the economic fallout of the Covid-19 pandemic, including job losses and salary […]

Home prices in Hong Kong fall 0.6% in October, Real Estate News, ET RealEstate

HONG KONG: Private home prices in Hong Kong eased 0.6% in October, weighed down by a bigger drop for large apartments, official data showed on Thursday. The fall last month compared to a revised 0.4% gain in September, according to data from the Rating and Valuation Department. Prices have risen 0.4% so far this year. […]

Pune office absorption gains momentum; July-Oct leasing tops 1 million sq ft, Real Estate News, ET RealEstate

Representative Image MUMBAI: Commercial real estate activity in Pune, one of the key information technology and IT-enabled service hubs in the country, has started picking up after witnessing sluggish activity during the lockdown and the ongoing Covid-19 disruption. The market has recorded absorption of over 1 million sq ft during July to October compared to […]

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