1BHK
Trifecta Projects launches a new housing project in Bengaluru
An eco-luxury living project, Trifecta Vanto, is located in the prime area of Sarjapur Road in East Bengaluru. Read on to discover the array of sustainable luxury offerings with environmentally friendly features.
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%.
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.
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%.
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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