1BHK
Housing prices hike 61% in this Delhi-NCR area, 42% in Hyderabad in a year; how much return can you get from property?
All eight cities — Ahmedabad, Bengaluru, Chennai, Delhi NCR, Hyderabad, Kolkata, Mumbai Metropolitan Region (MMR), and Pune saw an increase in housing prices in Q4. "The current state of real estate is the most productive when sales, supply, and prices are growing, and the price rise is not speculative. These factors work in harmony in a balanced and healthy real estate market.”, said Pankaj Kapoor, Managing Director, Liases Foras. Check how much housing prices have increased in your city in last one year.
Demand for bigger apartments continues to increase: Survey
Despite rising property prices, the demand for larger apartments is increasing. In 2023, 50% of respondents preferred 3BHK apartments, up from 42% the previous year. 38% preferred 2BHKs. 3BHKs are popular in Bengaluru, Chennai, Hyderabad, and Delhi-NCR, while in MMR, 44% prefer 2BHKs. Demand for 1BHK units is seen in MMR and Pune. The demand for luxury homes priced at Rs 1.5 crore has also increased. The most popular budget range is Rs 45-90 lakh.
DDA reports Rs 7,696 revenue in 2023-23, 75% increase from previous year
DDA aims for a revenue boost, targeting Rs 9182 crore in FY 24-25, up by 19% from the current year's Rs 7696 crore. The approved budget for 2024-25 stands at Rs 8811 crore. Notably, DDA witnessed a significant 75% surge in revenue this year, reaching Rs 7696 crores compared to Rs 4392 crores last year. Developmental activities soared to Rs 8,804 crore this year, a 69% increase from the previous year's Rs 5189 crores. Allocations for land and infrastructure development, UER-II construction, and Delhi Metro projects have seen notable increases to propel growth.
The Dissapearing 1BHKs: Why finding small flats has become so difficult in Mumbai
The availability for 1BHK apartments in Mumbai has dropped significantly from 115 to 71 in just one year. This shift can be attributed to lifestyle changes accelerated by the pandemic, with remote working and co-living arrangements becoming more common. People now seek more spacious homes that cater to evolving needs, such as dedicated workspaces or hobby areas.
Prestige Group plans Hyderabad’s largest mixed-use township
Bengaluru-based real estate developer Prestige Group plans to develop Hyderabad’s largest mixed-use township with a total investment of Rs 5,000 crore. Prestige City Hyderabad will comprise apartments spread over 33 acres with 9.6 million sq ft of saleable area, totalling 4,647 units. It will also have villas over 24 acres with 0.8 million sq ft saleable area, totalling 119 units.
House rentals rise 4.9% in June quarter: Magicbricks
The rental housing market continued to grow in the top 13 cities of India with a 4.9% quarter-on-quarter increase in average rent as demand outpaced supply, according to Magicbricks rental index for the April-June period. While demand grew 18.1% sequentially, supply rose 9.6%.
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DDA's FCFS scheme: Around 25 pc flats booked in 10 days
The recent proposal of the DMRC to extend the metro line to Kundli, which include Rohini's sectors 34 and 35, and Narela, which are part of the ongoing housing scheme, will also be beneficial to buyers, he said. The DMRC on July 11 had said that the proposed Rithala-Narela corridor of the network may be extended up to Kundli in Haryana to provide additional connectivity to the neighbouring state.
DDA Housing Scheme 2023: Dwarka flats sold out in hours
DDA Housing Scheme 2023: Booking for flats started on July 10 and flats in Dwarka were sold out in few hours. Under the first-come, first-serve (FCFS) housing scheme, 5,500 flats across all categories at various locations in Delhi are on offer
DDA launches housing scheme for 5,500 flats on first-come, first serve-basis
The DDA's highest decision-making body on June 14 approved launch of the fourth phase of the urban body's online first-come, first-serve housing scheme with the facility of booking a flat in a preferred locality by paying a token amount.
Will rents in Bengaluru cool off after the spike? Zerodha's Nikhil Kamath shares his view
According to the infographics shared by Nikhil Kamath, the rising rent is due to imbalance in the equation of demand and supply. Post-covid, there has been a demand revival but supply has not able to catch up.
Millennials want to buy their dream home, about 42% prefer 2BHKs, says new housing report
For over 80% of property seekers, prices remain an important factor as apart from home loan rates, the basic cost of property has been on the rise in the last one year.
96 pc of prospective customers say home buying decision will be hit if mortgage rate rises further: CII-Anarock
Of total participants who chose real estate as an asset class for investment, at least 52 per cent were millennials who are mainly looking to buy homes for self-use. End-users still dominate the Indian housing market, with end-user vs investor ratio at 71:29. Of the total surveyed end-users, over 77 per cent are millennials. Apart from price points and basic amenities in a project, the surveyed buyers are now focused on three primary aspects - timely project completion assurance, the availability of a study room, and adequate ventilation in the property.
Mumbai Metropolitan region leads in home demand; Delhi NCR lagging behind: Pankaj Kapoor
Demand for affordable and priority housing segments has declined due to higher costs, while mid and upper segments continue to show growth. The pandemic has led to an increased aspiration for larger homes, with new projects launching slightly larger 1 BHK and 2 BHK apartments. However, increasing property prices and interest rates have resulted in a cumulative increase in the cost of owning a home by nearly 28-30%, with affordability shrinking by 15%.
Co-living space vs renting a flat: Lease period, security deposit, rent comparison
Young professionals are opting for co-living as it offers more amenities at rents similar to 1-BHK flat.
Amin Poonawala didn't share much details about son Aaftab while renting flat near Mumbai, claims estate agent
"Amin Poonawala told the Andheri-based owner of the flat that three members of his family, including himself, his wife Munira and their son Ahad will occupy the flat. He told the owner that his other son (Aaftab) was staying somewhere but not with them. Except this, he didn't share any details about Aaftab," he said.
Realty hot spot: A developed residential area in Hyderabad
Properties here are available in the range of Rs 3,400-9,000 psf. A 1-BHK (690 sqft) costs an average of Rs 31 lakh and 3-BHK (1,480 sqft) costs Rs 79 lakh.
The perfect getaway too perfect for you?
Two things, however, could provide the resident of this mother of all getaways the right frisson. One, this is Maine, Stephen King country, part of the modern English language horror-scape. For horror fans, this could be a vacation home for splendid, supra- and supernatural isolation. Also, there is no bathroom but an outhouse for the important stuff. Which means some outdoor activity, after all. Interested?
Realty hot spot: A premium residential micro-market in Chennai
Proximity to employment hubs are the salient features of this locality. The overall price range of properties here is between Rs 6,100 per square feet and Rs 11,500 per square feet. Here are other key features of Arcot Road, Chennai that make it this week's real estate hot spot.
Realty hot spot: A prominent IT-BPM hub of Pune
Properties here are available in the price range of Rs 4,000-7,600 per square feet (sqf). A 1-BHK (620 sqf) in Hinjewadi costs an average of Rs 35 lakh, and 3-BHK (1,450 sqf) costs Rs 86 lakh.
Realty hot spot series: Average cost of 3BHK is Rs 1.2 crore in this Mumbai locality
The price range of properties in Navi Mumbai's Panvel is Rs 5,000-Rs 9,300 per square foot. The average cost of 1 BHK, 2 BHK and 3 BHK is Rs 42 lakh, Rs 76 lakh and Rs 1.20 crore, respectively.
Realty hot spot series: Average price of 1BHK in this Mumbai locality is Rs 1.24 crore
Bandra Kurla Complex (BKC), in Mumbai, is a prime business district hosting various government offices and corporate offices. The locality has excellent connectivity and good social infrastructure.
Over 3,000 allottees give up 1BHK DDA Narela flats
8,438 flats were allotted in the draw of lots held last month.
Retirement pad: Bengaluru sees shift in housing needs, singles warm up to studio living
Home developers are capitalising on the new trend as 1BHK apartment sales see 20% rise.
Residential units worth over Rs 10,000 crore await buyers around Mumbai's Western Express Highway
As many as 112 residential projects with an inventory of 7,827 units in the price range from Rs 35 lakhs to up to Rs 3 crore were launched.
DDA plans to increase size of 1-BHK flats
DDA vice-chairman Udai Pratap Singh held a meeting with the representatives of Rohini, Narela, Siraspur and Dwarka to discuss issues related to Housing Scheme.
Started Ola's journey from a 1 BHK office in Powai: Bhavish Aggarwal
"Our surge pricing is still more competitive than some of our competitors so the audience tonight can most comfortably take an Ola cab back home after the awards," quipped Aggarwal
1BHK homes gaining demand in Bengaluru: Report
According to PropIndex (October-December 2014), demand for 1BHK homes has doubled in just six months.
Are 1BHKs making a comeback?
Magicbricks data revealed that demand for properties priced upto an average of Rs 40 lakh noted an increase of 2-6 per cent across cities.
1BHK DDA flats' plinth area decreased since 2008
In the latest scheme 10,875 flats in Rohini's sectors 34 and 35 were given with their plinth area at 33.29 to 33.85 square metres.
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