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Experts say, the gap between monthly rentals and EMIs has been narrowing, making many tenants take the plunge and decide to purchase instead of continuing to stay on skyrocketing rentals.
MNCs leased 7 million square feet of office space in Chennai in CY2003 compared with 6.1 million sq. ft in Hyderabad and 5.6 million sq. ft in Bengaluru.
But in the top 8 cities, including Bengaluru, sales of homes priced at Rs 1 crore and above spiked 40 percent from the year- ago quarter
The less than ₹50 lakh housing segment saw a decline in sales by almost 65% to 70% in the first quarter of 2024, a report by Knight Frank has said
Interim Budget 2024: The Gati Shakti initiative launched earlier and the focus on infrastructure and technology announced in today's presentation could potentially spur higher real estate activity in these cities.