71% ultra-rich wish to invest in luxury real estate for capital appreciation
The main reason people buy in real estate now (44%) has emerged to be capital appreciation rather than lifestyle modifications.
The main reason people buy in real estate now (44%) has emerged to be capital appreciation rather than lifestyle modifications.
India’s eight key primary residential markets saw appreciating property prices, with Ahmedabad (10.8%), B’luru (9.4%), Chennai (6.8%) in top 3
Mumbai Metropolitan Region and Delhi-NCR have led luxury homes sales with H1 2022.
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.
Property prices in Mumbai, Bengaluru and Chennai appreciated 1% each, says report.
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 pandemic has radically altered homebuyer preferences, as even budget housing is now low priority.
Anarock Property Consultants says housing sales in the top seven cities in India could cumulatively record a 35% jump in the October to December quarter, on a sequential basis.