February 2024

Housing prices up by around 20% in the last two years across 8 major cities

Housing prices up by around 20% in the last two years across 8 major cities

Amidst a positive economic outlook, housing demand has scaled up and property prices across the top eight cities in India have surged by around 20% in the last two years, a report by Credai, Colliers and Liases Foras has said. Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared to 2021 levels. (REPRESENTATIVE PHOTO) The...

Promoters of pharma firm buy bungalow in Mumbai for ₹101 crore

Promoters of pharma firm buy bungalow in Mumbai for ₹101 crore

Promoters of a pharmaceutical manufacturing firm, Macleods Pharmaceuticals - Girdhari Lal Bawri, Rajendra Agarwal and Banwari Lal Bawri - have purchased a bungalow in Juhu, Mumbai, for ₹101 crore, documents accessed by IndexTap.com showed. Promoters of a pharmaceutical manufacturing firm, Macleods Pharmaceuticals, Girdhari Lal Bawri, Rajendra Agarwal and Banwari Lal Bawri, have purchased a...

India’s super rich put 32% of their wealth in residential assets: Report

India’s super rich put 32% of their wealth in residential assets: Report

As much as 32% of India’s ultra-high-net-worth individuals’ wealth is allocated towards residential real estate asset class of which nearly 14% is invested outside India. About 12% of India’s UHNWIs plan to buy a new home in 2024, according to Knight Frank’s The Wealth Report 2024. As many as 32% of India’s ultra-high-net-worth individuals’ wealth is allocated towards residential...

Mumbai ranked at number 8 globally in terms of price growth in luxury housing

Mumbai ranked at number 8 globally in terms of price growth in luxury housing

Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price growth in luxury housing. Delhi takes the 37th spot and Bengaluru 59th position, according to Knight Frank’s The Wealth Report 2024. Mumbai is now among the top 10 luxury residential markets in the world. The city is ranked at number 8 globally in terms of price...

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