India Real Estate Latest Trends | Overview | Growth | Investments

July 22, 2021
Interest for Housing Real Estate in Bangalore Increases Significantly

As per a recent research, the second wave of the COVID-19 epidemic, as well as the subsequent shutdown, reduced demand for property in Bengaluru by upwards of 25% in the April to June quarter (Q2). Despite the fact that interest has fallen, prices were static. According to the study, prices were stable and increased only by 1% between April and June of this year.

Generally, demand for two and three bedroom houses was high, accounting for 88% of all inquiries in the city. The three-bedroom layout led the residential market responsible for nearly half of all preferences. The 3 BHK in Bangalore tops the residential market, accounting for roughly half of overall demand, despite the fact that the proportion of 2 BHK in Bangalore has decreased by 4% QoQ in Q2, 2021 according to the research.

Housing interest was observed to be focused in areas such as Whitefield, Sarjapur Road and Bellary Road, which have regularly scored top in regards to searches in previous quarters. Unlike the first wave, the second wave has seen a speedier rebound in housing real estate interest. During the quarter, price adjustments ranging from 1% to 2.3 percent were seen in the housing markets of Bengaluru, Chennai, Kolkata and Delhi, which also faced growing medical expenditures and debt.

Bengaluru is among the few places in the country where the luxury sector is still doing well despite the slowing down of the real estate market. Furthermore, the state government’s aid to property owners during the lockout, which included a 5% property tax refund until June 30, boosted municipal morale.

Investment at its Best in Sector 33 Sohna Gurgaon, Check Why?

Gurgaon, the satellite city of Delhi is situated in the southwest. To the south of Gurgaon falls Sohna Road. It is the fastest growing and developing stretches in the NCR region. In its vicinity are two major highways namely Gurgaon Expressway (NH-8) and the upcoming Kundli-Manesar-Palwal (KMP) Expressway. This strategic location Sohna Road has come out as an important locality in the real estate market from an investment point of view. Since it boasts both affordable residentia

RERA Order of Extension, Realtors at Relief in Maharashtra

MahaRERA’s order of extension has provided relief to many of the developers, while there are still some that are not at ease. The recent order extending the deadline for projects with completion dates on or after 15 by six months has come as a surprise to realtors and industry watchers in the region. The major disruption was due to the blockage created in the supply of the key raw materials, such as steel and cement, which has affected the construction industry. According to Anil Pharande,

UP-RERA goes Digital for Various Processes

In the year 2016 guidelines were issued to go digital for various processes of Uttar Pradesh Real Estate Regulatory Authority (UP-RERA) in order to minimize the regulatory compliance burden. The action plan of going digital was issued for 10 Forms under the Uttar Pradesh Real Estate (Regulation & Development) Rules 2016. Amongst these, 7 were already online while the remaining 3 were made online on July 16. Form A for application for registration of real estate project. Form C for obtaini