Real estate post-Covid is on a phenomenal run. Housing sales are up the sky with new benchmarks continuously breached. Commercial properties in top-tier cities are witnessing a surge in demand. Multiple surveys conform with the trend that the sector is emerging as the top choice for investors across the board.
The trials and tribulations of the pandemic are long gone with real estate emerging as the top investment class for investors. Going by CII-ANAROCK Consumer Sentiment Survey – H1 2022, investors buoyed by GDP gains and sustained job growth are embracing real estate as a top investment avenue for long-term gains.
Last year home prices went up by 4-15 percent because of higher input costs faced by developers. Though steel and cement prices have since cooled off, buyers would likely have to embrace another hike in home prices this year.
Rising mortgage and property rates notwithstanding, India's residential market is expected to maintain demand momentum this year with home sales and new launches likely to break a ten-year trend to cross the 200,000 units mark, according to CBRE's latest report.
Make no mistake co-working has arrived. That comes from surging demand for flexible workplaces and corporates embracing optimized capital usage so much that co-working share has jumped 20 percent in the office space leasing segment all in the back-to-back quarters January-June, posits a study by Anarock.
In a significant move guaranteeing 'simplicity of living for the owners and tenants in Uttar Pradesh and simultaneously expanding the state's income, the U.P. Government has set up an online interface for 'e-rent arrangements' in Gautam Buddha Nagar. It shall carry out the framework for giving rent deeds online in different state locales too.
Those days are not too far now when Noida and Greater Noida will enjoy the crown of best-in-class connectivity, and rapid transit will become synonymous with these cities. As per the reports, two important projects of Greater Noida- Multimodal Transport Hub and Multimodal Logistics Hub- will be linked to PM Gati Shakti National Master Plan. These two projects will be built near Bodaki. The master plan of these contemporary projects will be uploaded on the portal of Gati Shakti in the coming days. This will make it easier to develop both projects in a better synergy under DMIC-IITGNL. This will amplify the return on investment aspects of the entire Noida region multifold.
Noida is all set to add another feather to its phenomenal growth story as work on the first phase of the Noida International Airport (NIA) begins in August this year. This phase shall witness the completion of the main terminal building and runway within the strict deadline of 25 months, beginning August 22’ till October 24’.
Realty prices in the Yamuna Expressway Industrial Development Authority (YEIDA) area near Noida are spiking up like never before. The driving force, the upcoming Noida International Airport, is a thrust so intense that the area is now the hottest piece of real estate in India with prices over the past three years surging 38 percent.