Residential sales in Q2 2022 ( April-June) in the Rs 1.5 crore plus price tag increased by over 270% Year-on-Year (Y-o-Y). The two larger markets of Delhi NCR and Mumbai saw maximum sales in the quarter in this price bracket.
Prices for residential properties in South India, including Bangalore, have gone up by 8–10%, and they are likely to keep going up because of rising input costs and disruptions in global supply.
According to industry estimates, over 11 million homes are estimated to be vacant across the country and we believe that these flats would now come into the rental market and help reduce housing shortages.
This new trend has led to an increase in the country's interest rate scenarios, and this shift in HNI's investment portfolio will undoubtedly lead to an increase in investment in real estate asset classes.
In the past few years, we have seen the real estate industry get rid of its stereotyped principles (residential and commercial) and seek opportunities