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 […]

Homebuyers’ down payments rise as US house prices climb, Real Estate News, ET RealEstate

LOS ANGELES: Even with mortgage rates hovering near all-time lows, rising home prices are putting more pressure on buyers to come up with a bigger down payment. In the April-June quarter, the median down payment on a single-family U.S. home was $13,955, a 15.3% increase from a year earlier, according to industry tracker Attom Data […]

South-Central Mumbai luxury home sales records sharp pick up in October, Real Estate News, ET RealEstate

MUMBAI: Luxury apartments in south-central Mumbai, an area that was saddled with supply, saw a sharp pickup in sales in October, providing relief to the developers who were struggling to offload inventory after Covid-19 pandemic disrupted the real estate market. A reduction in stamp duty, festive offers, ready stock and minimal impact of Covid-19 on […]

Pune residential sales up 58% quarter-on-quarter in Q3, launches rise 55%, Real Estate News, ET RealEstate

MUMBAI: Property market of Pune has witnessed 58% sequential rise in housing sales to 1,344 apartments in the third quarter led by the state government’s move to reduce stamp duty on property transactions. Sales momentum was also supported by low home loan rates, attractive schemes by builders, and competitive prices. Residential launches in the city […]

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