Bottomed-out prices, lower stamp duty charges, low interest rates and the growing preference to move to the peripheries amid work-from-home viability prompted as many as 65% MMR homebuyers to upgrade from 1BHKs to 2BHKs/3BHKs. In NCR, all-time-best affordability attracted more first-time homebuyers to respond to the new pandemic-driven demand for […]
K-shaped Recovery For India’s Real Estate
Two main segments of Indian real estate are moving on contrasting tracks of recovery, March quarter data from a clutch of property-research firms shows. While the residential segment experienced healthy growth, the office segment remained lacklustre. But with the second wave of the coronavirus sweeping across India, and forcing lockdowns, these levels […]
COVID-19 Has Changed People’s Preference As Rich Now Prefer Open Residences Like Farmhouses
Covid has significantly altered people’s preferences around owing a house, particularly among the HNIs and ultra HNIs. As the pandemic rages on, these deep pocketed buyers are preferring to own self-sufficient properties outside metros with lot of green area, especially farmhouses. The demand has more than doubled in the last […]
5 Positive Influences Of COVID-19 Pandemic On Real Estate In India
COVID-19 did hit the economies around the world hard and real estate in India was no different. However, the sector surprised everyone as it steadily recovered as lockdown gradually eased out in the country. In fact, off late luxury and premium segments of the real estate witnessed almost 80 – […]