Renting costs in prime residential micro-markets in Mumbai, Delhi, Bengaluru, Noida, and Gurugram have increased by up to 35% in 2023 due to the resumption of normal office routines by corporate employees who had chosen to work from non-metro locations during the Covid years. The opening of metro lines 2A and 7 between Dahisar and Andheri has boosted demand for rental homes, particularly in the western suburbs micromarket.
“Business expansion, stable capital appreciation, currency diversification, efficient taxation and attractive rental yield, coupled with the aspirational quality of life and residency via investment in real estate prompt wealthy Indians to diversify their property holdings abroad,” said Akash Puri, director - international, India Sotheby s International Realty.
business reporter real estate developers on friday said the rbi should have reduced the key interest rate to boost growth in the sector as macro-economic parameters are currently favourable.
they also urged the ape
The Reserve Bank of India kept the repo rate unchanged at 6.5 per cent for the third straight quarter. How does it help the housing sector? , , reserve bank of india, Anarock Property Consultants, real estate