The latest report by Square Yards tilted ‘India Residential Overview: Jul-Sep 2021’captures the residential trends across top six cities in Q3, 2021. The cities covered in the report include MMR, Pune, Gurugram, Noida, Bengaluru and Hyderabad
Here are the key highlights of the report:
- New project launches saw a quarterly rise of 68% at the Pan India level with MMR recording the highest share with 27% followed by Hyderabad at 23% and Pune at 20%.
- MMR was also the most searched city with 33% share followed by Hyderabad at 20%.
- Properties in the budget bracket of Rs 30-60 Lakh and Rs 60-100 Lakh were the most searched by online property seekers in Q3, 2021.
- Interestingly properties sized less than 1000 Sq. Ft. formed almost 50% of the online searches in Q3. However, searches for larger homes inched up by varying degree. While a quarterly rise of 7% was noted for the 1000-2000 Sq.Ft. category, homes larger than 2000 Sq.Ft. recorded a rise of 5% in online demand in Q3 compared to the previous quarter.
- Maximum searches for ultra-luxury properties sized above 4000 Sq.Ft. was noted in Bengaluru with 31% share while Hyderabad was second at 26%.
- Southern cities of Hyderabad and Bengaluru displayed an inclination towards plotted developments with more than 50% inventory for the same in each city.
For more detailed analysis download the report here: https://www.squareyards.
Besides this, entrepreneurs also need to secure their location in free zones before setting up a business in UAE. This is mainly because property in free zones are less expensive than properties in other parts of the city. The reason for cheaper property prices is that the government has made the construction of infrastructure in free zones subject to market demand and so builders charge lesser rates. But it must be noted that investors must hire the services of a real estate broker in order to find the best locations.
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