As anticipated, residential real estate activity remained largely tepid during the second quarter of 2019 in the backdrop of the general elections during the period but the recent Union Budget sops for the affordable sector may give the much-needed push to the segment henceforth. ANAROCK research indicates that housing sales in Q2 2019 fell by 13% q-o-q and stood at 68,600 units across the top 7 cities.
The reasons for vacancy levels of homes which could feed the rental market across the country are largely region-specific. However, distorted property rights (in the absence of a sound rental policy), weak rental contract implementation and low rental yields are some of the major factors that prompt homeowners to leave their houses vacant rather than rent them out.
Without compromising on fiscal prudence, the Finance Ministry will have to present a budget that is not only inclusive but also assures growth across industries. It clearly shoulders a considerable share of responsibility for retaining India’s position as the fastest-growing economy.
The slowdown in Indian residential real estate over the last few years caused most high net-worth individuals (HNIs) to shun luxury housing and look at other investments within or outside real estate. However, ANAROCK’s latest study indicates that HNIs are now using the tail end of the slowdown in India’s luxury residential market to their advantage.
Seniors who are staying in Delhi NCR are much more prone to society caused anxieties and family feuds, which eventually reflects on their health and cause behavior pattern leading to more depression and blue moods. In such circumstances often stress leads to health degradation causing lack of energy, poor concentration, and less sleep.
Large foreign funds have expressed an interest to own a share of the Indian real estate pie. Nikko Am Straits Trading Asia, North Carolina Fund, Hwang Asia Pacific REITs and Infrastructure Fund, Eastspring Investments and Canada-based Sentry Global have received SEBI approval to invest in India as developers and real estate investors, revealing the underlying interest in REITs. Our research indicates that continuous institutional flow of funds has provided the initial momentum to REIT.
The factors supporting Bengaluru’s top rank include the city’s high long-run economic growth, high availability of office space, and large talent pool. As per Colliers Research, Beijing and Hyderabad as attractive alternatives, and Hong Kong emerging as a potential new option.
Oxfordcaps provides a custom designed and standardized Student Housing product with a full-stack model of services and amenities. Co-founded by two women founders, INSEAD graduate Annu Talreja, CEO and IIM-Calcutta alumni Priyanka Gera, COO – the Company has clocked a 75X growth in <11 months since its launch in India and has expanded from 200 beds to over 15,000 beds across 12 cities.
Most of the analysts who track the local property market maintain that the emerging market realities and the economy of the region has changed the way people look at the housing. This change has been pretty fast in the last over a decade. It is a paradigm shift in the housing market of the city.
Once completed, Jewar International Airport will not only ease traffic at Delhi’s IGI Airport but also create multiple job opportunities and give decent impetus to the property market in Noida, Greater Noida and Yamuna Expressway. These markets have been reeling under tremendous pressure over the last three to four years, and require a fresh injection of opportunity and intent to overcome this slump.