By Raghavendra Kamath The Reserve Bank of India has been increasing key rates to tackle inflation which has led to mortgage rates going up. Despite this, Anshuman Magazine, chairman and chief executive, India, South East Asia, Middle East, Africa, at global property consultancy firm CBRE, tells Raghavendra Kamath that home sales would see a strong momentum in FY23 […]
With consumers back in the shops and retailers doing fairly good business, mall owners are now signing leases at higher rentals. In fact, space in malls seems to be in short supply as retailers are looking for bigger showrooms. Occupancy levels are looking up with most malls reporting levels of 96-98%. While footfalls are yet […]
Property registrations in Mumbai surged 78% year-on-year with 9,523 units registered in May, according to data compiled by Knight Frank India. The substantial rise comes on the back of low sales registrations recorded in May 2021 due to the lockdown during the second wave of the pandemic. On a month-on-month basis, property registrations declined 19%, […]
The growth in the all India House Price Index slowed to 1.8% in the final quarter of FY22 compared to 2.7% in the year-ago period, the Reserve Bank of India (RBI) said in a release on Tuesday. Prices in Kolkata expanded by 19.2%, while those in Bengaluru contracted 11.3%. On a sequential basis, the index […]
Real estate developers and other entities are back to buying land parcels, with 28 separate land deals transacted in just the first five months of 2022, cumulatively accounting for over 1,237 acres across the country. This has doubled in the last one year, as the January-June period of 2021 saw just 14 land deals for […]