Luxury Real Estate: Rising income levels and aspirational buying have propelled the demand for luxury residences, the definition of which has evolved/changed over the years.
The premium residential market in key cities has witnessed remarkable momentum, leading to a significant appreciation in property values and rentals during the first half of the year
Under-construction projects in these cities have witnessed higer appreciation in capital values as compared to completed projects. Additionally, with the residential market picking pace and capital values accelerating in the recent months, buyers are prompted to make buying decisions as they anticipate further strengthening of prices.
Panaji (Goa) [India], November 7 (ANI/PNN): According to international real estate consultant Savills, Goa has become a favourite location for people looking to purchase a second home because of its high rental yields. The report also adds that this rental yield ranges from 4 to 10 per cent. Goa is known for its pristine beaches, party vibe, nightlife, local markets and food. While many are drawn to Goa for these reasons, there are others who are now flocking to the state seeking tranquillity and peace. The villages of Goasuch as Assagao, Siolim, Saligao, and the river islands like Diwar and Chandor offer plenty of choices for these homebuyers. Aditya Kushwaha, CEO and Director of Axis Ecorp, says, "Goa's real estate market has been on a fast track in the post-pandemic phase. The state's rich culture, beaches, architecture and natural beauty make it a top choice for buyers looking for a second home. Holiday homes and villas have been one of the major drivers for this growt