Author: Neeraj Bhaker

In recent years, India’s smaller cities have seen a major boom in their property markets. With rising costs and overcrowding in metro cities like Delhi and Mumbai, many homebuyers and investors are turning towards tier-2 and tier-3 cities, which are becoming popular for affordable yet high-quality living spaces. These cities are not just attracting homebuyers but also developers, who are increasingly focusing on these emerging markets for their new projects. Cities Leading the Real Estate Growth Cities like Faridabad, Lucknow, Ludhiana, Indore, Jaipur, and Dehradun are becoming prominent real estate hubs. According to industry reports, these smaller cities have witnessed…

In a recent meeting held on September 20, the Finance Ministry reviewed the capital expenditure for the Ministry of Housing and Urban Affairs. The Finance Minister emphasized that the target for capital spending this financial year must be achieved. This includes fully utilizing the Rs 28,628 crore allocated in the budget for housing and infrastructure projects. The major focus was on the Pradhan Mantri Awas Yojana (PMAY-Urban), a scheme designed to provide affordable housing to the urban population. Emphasis on Pradhan Mantri Awas Yojana (Urban) Finance Minister Nirmala Sitharaman, through her official social media post, highlighted the need to accelerate…

As life in India’s big cities becomes more challenging due to crowding and rising costs, smaller cities are emerging as attractive alternatives. Tier-2 and Tier-3 cities are not only gaining attention but are also outpacing traditionally dominant markets like Gurgaon and Noida in terms of property growth. The rise in real estate prices in these smaller cities is no longer confined to regular homes, as luxury properties are also being snapped up. Whether it’s a flat, villa, or a plot of land, these cities are seeing a rapid increase in property value. This trend has accelerated post-COVID, with more people…

After a brief post-pandemic boom, India’s real estate sector is showing signs of a slowdown, with home sales expected to dip by 18% in the July-September quarter of 2024. Data from PropEquity, a real estate analytics firm, highlights the steep decline, projecting sales to fall to 1,04,393 units across nine major cities, compared to 1,26,848 units sold in the same period last year. The biggest slump is expected in Hyderabad, where sales are predicted to drop by 42%. Other cities like Bengaluru (26%), Kolkata (23%), Pune (19%), Chennai (18%), Mumbai (17%), and Thane (10%) are also expected to witness significant…

The real estate sector in India continues to show dynamic shifts in housing demand, with cities like Delhi and Navi Mumbai witnessing notable growth, while other major metropolitan areas face a temporary slowdown. According to recent data from PropEquity, housing sales across nine key cities saw mixed trends in the July-September 2024 quarter, with a predicted 18% drop in overall sales compared to the same period last year. Delhi-NCR Leads the Way in Real Estate Growth In the Delhi-NCR region, housing sales are expected to see a significant rise of 22%, reflecting the ongoing demand for homes in the capital…

Affordable Real Estate Investment Opportunity for Common People Real estate has long been a preferred investment choice for many Indians. However, owning a piece of commercial property like a shopping mall or office space usually requires crores of rupees, making it out of reach for the average person. But now, thanks to the concept of Real Estate Investment Trusts (REITs), even small investors can own a share of valuable real estate by investing as little as Rs 140. REITs have opened the doors for common people to participate in the booming real estate sector and earn regular rental income. What…

If you’re planning to invest in property in Ghaziabad, get ready for a price hike. The Ghaziabad Development Authority recently increased the circle rates by 15%, leading to a sharp rise in property prices across the city. With property rates soaring by 70% to 80%, it’s essential for prospective buyers to be aware of the current market conditions to avoid paying more than necessary. Here’s a detailed breakdown of the updated property prices in key areas of Ghaziabad to help you make an informed decision. 1. Price Hike Around NH-9: A Property Hotspot If you’re looking to invest near NH-9,…

Gurugram, often called the Millennium City, has evolved into a prime location for homebuyers and real estate investors alike. With its rapid development as an IT hub and its strategic location in Delhi NCR, Gurugram is now emerging as a key player in the luxury property market. Similarly, Noida is also transforming the real estate scene in Uttar Pradesh, with growing demand for high-end properties. The shift in buyer preferences post-Covid and the expansion of key infrastructure projects have made these areas the new hotspots for luxury real estate investments in Delhi NCR. Luxury Segment Soars While Affordable Housing Takes…

Homebuyers who purchased luxury flats in Dwarka Sector 19B from the Delhi Development Authority (DDA) can now breathe a sigh of relief. The DDA has announced an extension for the final payment deadline, moving it from August 31 to September 30. This extension applies to more than 1,800 premium flats, giving buyers more time to settle the last 25 percent of the payment. Buyers’ Requests Lead to Deadline Extension The DDA’s decision comes after multiple requests from buyers, many of whom needed extra time to arrange the final payment. Additionally, the DDA is still completing some finishing work on the…

Buying a house is one of the most significant financial decisions many people will make in their lifetime. It can be an exciting yet daunting process, and making mistakes can lead to long-term financial and emotional consequences. To help you navigate this complex journey, here are six critical mistakes to avoid while buying a house. 1. Not Setting a Realistic Budget One of the biggest mistakes home buyers make is not setting a realistic budget. Understanding how much you can afford to spend on a house is crucial. This involves more than just looking at the purchase price; you need…