As fractional ownership gains traction and becomes increasingly popular, retail investors must run a few checks before investing in CRE assets via this route. Here are some factors that one must consider.
A favourable wealth effect, driven by a sharp rise in the equity markets, is enticing many first-time homebuy ers to take the plunge, while affluent buyers are looking for second homes. If you are a fence-sitter, still unsure about when to buy a house, this market presents a big dilemma. Is it the right time to buy a house?
Jaypee home buyers: Jaiprakash Associates Ltd (JAL) is currently in the process of insolvency proceedings, and an appointed resolution professional by the NCLT will now assume control. As per a news report from the Times of India, the board, previously led by the Gaurs, will cease to function.
If you are confused by personal finance terms, jargon or calculations, here’s a new series to simplify and deconstruct these for you. In the first part, ET Wealth explains what rental yield is and how it is calculated.
Aurum Analytica, a data analytics firm in real estate, uses data science and AI. CEO Prakash Tejwani and co-founders Sahil and Vishal discuss the company's mission and growth.
Homebuyers stuck in stalled real estate projects face financial strain and uncertainty. They pay EMIs and rent while bearing the loss of opportunity cost. If you have property in a delayed or stalled real estate project, here are some things you can do as a home buyer.
Average housing prices in Bengaluru have increased by 19% year-on-year (YoY) in the January-March quarter of 2024. It was the highest increase in residential prices among the eight cities, according to a report released by CREDAI and Colliers Liases Foras. Check how much property price has risen in your city
New REITs regulations: Here's a primer on how this much-needed transparency could benefit retail investors, as well as HNIs, looking to add the highest-graded commercial real estate to their portfolios using the Real Estate Investment Trusts route.
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.
With an 8.41% year-on-year increase in Q32024, Chennai witnessed the highest growth in the Housing Price Index. The central bank released the All-India Home Price Index (HPI) based on transaction-level data received from the registration authorities in 10 major cities. Check how much home prices have increased in your city.
Affordable housing in interim budget 2024: According to the Finance Minister budget speech, the government will announce a new scheme for middle class to build or buy their own houses. The new scheme will help the middle class living in rented houses, or slums, or chawls and unauthorized colonies to own a house.
Even though home loan rates are up and property prices are rising, houses have become more affordable across the eight biggest Indian cities, as per a study by Knight Frank India.
According to the Knight Frank Affordability Index, Ahmedabad has emerged as the most affordable housing market in the country among major cities. Affordability Index indicates the proportion of income that a household requires to fund the EMI of a housing unit in a particular city. Thus, an affordability index level of 40% for a city implies that on average, households in that city need to spend 40% of their income to fund the EMI of a home loan for a unit. Check the full list of affordable cities in India here.
Akshay is a senior management professional with a good salary, which includes a sizeable performance-linked variable pay. He has a portfolio of stocks, mutual funds, deposits and bonds, and is comfortably placed in terms of his financial goals. He thinks that it may be a good idea to buy a second property for price appreciation. His family thinks that a holiday home would be a good idea. What factors should Akshay consider while making a choice?
Among the top seven areas, Hyderabad saw the highest increase of 42% in the average price of premium homes in the five-year period. The price rose from Rs 7,450 per sq ft in 2018 to Rs 10,580 per sq ft during the first half of 2023, as per ANAROCK Research data. Know how much residential property prices have risen in your city
With this robust growth in the last year, India climbed 18 spots to 14th rank in the index. Average annual price growth stood at 3.5%, according to Knight Frank Global House Price Index – Q3 2023. Several factors contributed to the rise in property prices including a pent-up demand, a desire to upgrade, and a willingness to spend more for better and modern amenities.
Housing prices in Bengaluru have risen by 18% year-on-year in the third quarter, largely led by the Periphery and Outer East region. Housing prices here surged 39% year-on-year, all thanks to the launch of high-end luxury projects and the completion of KR Puram & Whitefield metro lines, according to a report released by CREDAI and Colliers and Liases Foras. How much returns can you expect from your property? Find out here
Prices up in Greater Noida West area: One of the major reasons behind this substantial growth in Greater Noida West area is its affordability. Properties in Greater Noida West are relatively more affordable compared to other parts of the National Capital Region (NCR), says report. Around 62% of homebuyers looked for 3-BHK and larger apartments in the region over the last five quarters, says report. What people are buying in the Greater Noida West, top 10 developers in the region and other details homebuyers must know.
Property prices have surged in the last few years, driven by various factors such as increased input and construction costs, rising land prices, and heightened demand. Moreover, there is a noticeable shift in homebuyer preferences towards larger homes with enhanced amenities, contributing to the upward trajectory of prices. Know how much residential property prices have risen in your city, as per ANAROCK Research.
At 9.94%, 10-year returns from housing is the highest at Kochi among 10 urban cities, as per the data by BankBazaar.com. Is buying a house an investment or a living expense? If it is an investment, how much return can you expect from your property? Find out here
Dreaming about a personal abode in nature’s lap is one thing, but can you fit it within your financial reality? A weekend property will cost a tidy sum. This will eat into a sizeable portion of your savings. Make sure your priorities are right before taking the plunge. Here are the key things you need to consider before buying a vacation home.
Property price in Delhi in 2023: With a 14.9 per cent year-on-year increase in Q12024, Delhi witnessed the highest growth in the Housing Price Index, according to data released by the Reserve Bank of India. . Mumbai came second in the list with a 7.6 per cent year-on-year rise during the June quarter. Kolkata home price index saw the steepest contraction of 6.6 per cent year-on-year in the June quarter. Check how much home prices have increased in your city.
As the real estate investment landscape transforms, attention is turning to commercial properties due to their increasingly apparent advantages. Kunal Moktan, Co-founder of Property Share, sheds light on the differences between investing in residential and commercial real estate, the performance of the commercial real estate sector in India, the impact of sustainability on the industry, and the role of technology in democratising access to this asset class.
Mumbai has recorded the sixth highest year-on-year growth in prime residential property prices among global cities in the April-June period of 2023. With a hike of 3.6 per cent year-on-year in Q2 2023, Bengaluru ranked at 20th position on the list. 'Prime Global Cities Index' is a valuation-based index tracking the movement of prime residential prices across 46 cities worldwide. Knight Frank has also provided the forecast for 26 global prime residential markets for the year 2024. Read on
Keep in mind the objective of buying and earning potential of the property. To ensure that the property has the potential to earn rent, it is important to invest in its upkeep and assess its demand and occupancy
An individual can buy a auction property (also known as distressed property) from a bank. The property will be auctioned and sold to the highest bidder. Before participating in the auction, the individual should keep certain things in mind. This is because an property is being sold in an auction because a borrower defaulted on the EMI payments.
The 250 basis points increase in policy rates has reduced affordability across markets by 2.5 per cent on average, showed Knight Frank India's Affordability Index for 2023. The mid-and-premium segments in the residential market have been consistently outperforming, the report said. Check affordability index of leading eight cities of India
While the transfer duty on transfer of immovable properties in the name of a woman or the third gender has gone up from 2% to 3%, men will have to pay 4% instead of 3%. The hike came into effect on July 10 when a gazette notification was published by the government.
Housing prices in the Delhi-National Capital Region (Delhi-NCR) increased by 16 per cent during the January-March quarter of 2023, the highest among the top eight cities in India, according to the report released by CREDAI, Colliers and Liases Foras. Check how much property price has risen in your city
There have been several instances where an RWA’s decisions have infringed upon the legal and constitutional rights of the people living within the society. At times, the rules seem arbitrary, placed there by the whims of a handful of people who are in power in the association. Here’s what you can do if its actions are unreasonable.
Most RWAs have byelaws that may contain information about how and to whom should issues be directed to. All appeals against the decision of the managing committee are escalated to the GBA, which should resolve the issue within a month.
Among other things, the government has decided to set up a committee to work on a model buyer agreement in order to speed up the home-buying process and protect customers from potential abuses.
Developers entice homebuyers by telling them that they only need to pay 5-20% of the property price while booking and that EMI payments will start only after they get possession. However, there is usually a time limit to such offers as the builder may state that possession will be given in two years or by a particular month and year.
Nearly five lakh houses are stuck in stalled projects in just top seven cities. Find out how some gutsy homebuyers took on builders to get their houses.
The courts, filing FIRs against the developer and filing cases with the Economic Offences Wing as well as the Enforcement Directorate are other options to put pressure on the developer and find a resolution.
