Capital values in premium localities of Goa, Chandigarh Tricity, and Kochi are now almost at par with key markets in Delhi-NCR and Mumbai Metropolitan Region.
Real EstateTier 2 CitiesProperty PricesIndiaHousingcomReal Estate MumbaiJun 13, 2024
Property prices in Tier-2 cities have witnessed a significant double-digit capital value appreciation of 10-15% year-on-year.
Cities like Kochi, Goa, and Lucknow have seen a significant increase in property prices, with some areas reaching prices comparable to key markets in Delhi-NCR and Mumbai Metropolitan Region.
The growth of Tier-2 cities is driven by economic diversification, rising consumer demand, and reverse migration patterns accelerated by the pandemic.
The Property Buy Index is a proprietary index of Housing.com that tracks high-intent high volume property activity on its portal.
Tier-2 cities like Goa boast robust rental markets with yields as high as 8%, in contrast to 2-3% in major metros.
Get ready for a surge in home deliveries as the Indian real estate sector witnesses a significant uptick in 2024.
The rental market in India is witnessing a significant surge, with 13 major cities recording a 14.6% YoY increase in rents. According to Magicbricks' latest report, the average rent across these cities has risen to Rs 33.3 psf per month.
In a notable trend, several senior executives from both domestic and global real estate financing firms are quitting their jobs to launch their own ventures, driven by the high demand for alternative investment funds.
The recent acquisition of two luxurious flats by Akshay Kumar’s sister in the posh Juhu area of Mumbai, complete with 10 car parking spaces, has made headlines. The total built-up area of the property is an impressive 5240 sq ft, making it one of the most
The Uttar Pradesh government's recent focus on infrastructure development has significantly boosted the real estate market in Prayagraj. This has led to a noticeable increase in demand for rental properties, hotels, and homestays to accommodate the influx
Shriram Finance has made a significant move by selling its entire stake in its housing finance arm, raising Rs 3929 crore. This sale is part of the company's strategy to focus on its core business areas and improve its financial health. ETMarkets brings y