
Housing prices up 5% amid healthy demand: Report
Delhi-NCR saw the highest increase in residential prices at 10% year-on-year.
Delhi-NCR saw the highest increase in residential prices at 10% year-on-year.
While all this can mean good return on investment (ROI), it is a high-risk strategy and hence capital allocation should be lower, says Kamath.
Manufacturing and data centres have digitised in a big way in India, but real estate and infrastructure have a lot of catching up to do, says Tricoire.
Shares of real estate companies DLF, Sobha, Oberoi Realty, Godrej Properties, and Brigade Enterprises rose up to 3% post RBI policy announcements.
Property prices in Mumbai, Bengaluru and Chennai appreciated 1% each, says report.
For the past year or so after the first round of Covid, Mumbai has been registering record number of house sales month after month.
Among the top seven cities, Chennai, Pune and Mumbai Metropolitan Region saw the highest decline in unsold affordable housing stock over the last two years.
S. Naren of ICICI Prudential AMC believes housing and real estate is a structural long term sector given the demographics of India.
The property market is back on the radar as homebuyers are on a shopping spree thanks to limited supply, ample liquidity and rock bottom interest rates.
The stock of the realty company has gained 125% over the past one year and traded 117% above its IPO issue price of ₹486 per share.