Hiranandani to enter luxury housing
Real estate developer Surendra Hiranandani, who owns Hiranandani Upscale, plans to enter the luxury housing space under the Signature brand.
Search Results: luxury housing (390)
Tata Housing expands its presence in NCR Luxury space
Track2Realty: Tata Housing strengthened its presence in the high-end luxury segment in NCR by launching its 4th project Arabella. Located immediately off the Sohna Haryana Highway, Arabella is inspired by the Aravallis and has been aesthetically designed as an extension to the lush green surroundings.
Housing.com and TOI host real estate summit – Right to Excellence
Housing.com in collaboration with The Times of India, presented the ‘Right To Excellence – Real Estate Summit’ on March 15th, 2024, at the Crowne Plaza in Gurgaon. This summit aimed to convene numerous industry luminaries, market experts, thought leaders, and stakeholders to delve into the future trajectory of the technology and real estate sector in India.
High Streets emerged as the top leasing choice for luxury brands in 2023, recording over 100% Y-o-Y growth
The overall leasing by luxury brands across the formats stood at 0.6 mn. sq. ft. in 2023, at almost 170% Y-o-Y growth. While High Streets constituted a 45% share in the overall luxury retail leasing in 2023, luxury brands’ stores in Malls followed at 40% and standalone stores accounted for the remaining 15%. This surge in leasing has been accompanied by the entry and expansion of various international luxury fashion, watch and jewellery brands across different locations. The eight cities tracked for leasing include Delhi-NCR, Mumbai, Bangalore, Kolkata, Pune, Ahmedabad, Chennai, and Hyderabad.
Has housing price across India surged in the last two years?
Has housing price surged across India in the last two years? A report says it has surged 20% from 2021 to 2023, led by significant growth in demand. As per the Housing Price Tracker Report by CREDAI – Colliers – Liases Foras major cities like Bengaluru, Delhi NCR and Kolkata witnessed about 30% rise in housing prices in two years. Unsold inventory in Delhi NCR dropped the highest during 2021-2023 period, at 19%, followed by Chennai and Pune. Housing prices across top eight cities in India increased 9% YoY in 2023. Track2Realty reports.
GST to dampen rental housing market
Ramneek Patel, an MNC executive in Gurugram is on a company leased accommodation and the HR is deducting INR 40,000 per month for his rented apartment. Now that the Goods & Service Tax (GST) has been imposed for rental residential units to companies, he has been told by the company that the said liability will be passed on to the employees living in company leased apartments. They can otherwise find an apartment on their own.
Will freedom from FSI lead to affordable housing for all?
Freedom is a luxury and it means different things to different set of people. The stakeholders within the built environment of the Indian real estate too have their own set of definition when it comes to what defines their freedom. While for a home buyer, freedom is to have a rent-free house of one’s own at an affordable price, for the developers the quest has been freedom from multiple bottlenecks – single window clearance, industry status, easy funding and, most importantly, FSI free developments. Track2Realty investigates whether ‘Freedom From FSI’ would be boon or bane.
Home buyers’ wants & needs in housing after Coronavirus
The real estate industry stakeholders are debating over the design changes and other functional changes in the housing projects after Coronavirus. An impression is gaining ground that the developers have the realization that the world has changed due to pandemic and they need to alter to fit into the buyers’ needs. An online poll by Track2Realty nevertheless finds that the industry is off the mark when it comes to read the pulse of the buyers. The buyers are not looking for knee jerk design changes but housing to have long term functional changes.
Chennai housing recovery faster than national average
The city with a penchant for villas is mostly moving towards the periphery locations. In those locations the land cost is still very affordable. The buyers, mostly local communities, are preferring these plotted villas. Since the developers do not have the construction finance to bother, they can even hold it in the wake of slow sales.
Mumbai’s Tardeo leads India’s top 10 most expensive housing locations
Even as India’s middle-class grapples with the prospect of an uncertain future in their careers and financial ability – the main drivers of housing demand – the rise of India’s super-rich continues unabated. According to Credit Suisse report, there were an estimated 3.42 lakh dollar-millionaires in India as on mid-2018 who collectively held around USD 6 trillion. It is forecast that 5.26 lakh Indian dollar millionaires’ wealth will be around USD 8.8 trillion by 2023. Market fluctuations make very little difference to the personal networth of these individuals.