All markets decline in affordability due to rise in home loan rates
Property registrations in Mumbai increased by 21 per cent YoY in June to 9,525 units, a report by Knight Frank said
The RBI on Wednesday hiked the key benchmark rate by 50 basis points
Registration of properties in Mumbai municipal area rose by 78 per cent year-on-year to 9,523 units during this month, according to property consultant Knight Frank India. As many as 5,360 properties were registered in Mumbai city (BMC area) during May 2021. The registration data is for properties bought in both primary and secondary (re-sale) market. "May 2022 recorded property sale registration of 9,523 units denoting a 78 per cent Y-o-Y rise. The substantial rise comes on the back of low sales registrations recorded in May 2021 as the month was laced in lockdown due the impact of 2nd wave of Covid-19," Knight Frank said in a statement. Shishir Baijal, Chairman & Managing Director, Knight Frank India said the real estate market in Mumbai held steady despite the pressures of inflation, rising input costs and rise in stamp duty. "Owing to a paradigm shift in attitude, home buyers, that now consider ownership important for long term stability, were keen on completing their ...
Incidentally, NCR-Delhi has also replaced Bengaluru as the startup capital of India and the growing startup and unicorn community is also exploring the residential sector for investments
Bengaluru remained the biggest market with total office space leasing of 3.5 msf of office space, followed by Delhi-NCR which recorded 2.3 msf of gross leasing in the first three months of 2022
Last week, two other consultants Anarock and PropTiger released their data for residential markets
The registration of homes stood at 17,728 units in March 2021 because of lower stamp duty rates
Knight Frank said that India has climbed up five spots to the 51st rank in Q4 of 2021 against the 56th rank in Q4 of 2020
The Hyderabad residential market includes four districts of Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddy
According to Knight Frank report, art emerged as the top investment avenue
Competing supply could cannibalise demand for non-prime land, says Saurabh Mehrotra. His company closed transactions worth 1,03,720 sq metre in private partnership projects during the pandemic.
Average home prices in India, however, fell on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis during the June quarter
Mumbai and Bengaluru dropped to 40th and 43rd rank in Q2 of Calendar 2021, from 36th and 40th rank, respectively
The latest data from Knight Frank shows that property registration in the largest market - Mumbai Metropolitan Region - hit a decadal high in July
During the early part of this year, sales volumes were greatly influenced by two markets - Mumbai and Pune that together constituted over 45 per cent of the total sales amongst key markets
The wealthiest home buyers who fled virus lockdowns for Dubai have helped spur demand for luxury homes earlier this year, but the improvement hasn't been uniform
New Delhi's rank declined to 32nd among global cities in terms of prime residential properties
Bengaluru has slipped four positions to rank 40th globally in annual price appreciation of luxury residential properties, according to real estate consultant Knight Frank
The second wave of Covid-19 and the rollback of the stamp duty cut in Maharashtra impacted the housing sales in April, showed a report by Knight Frank India