Browsing Tag

magicbricks

16 posts

Sohail Khan Rents Out Bandra Shop, Set to Earn Over Rs. 10 Crore in 5 Years

Sohail Khan has rented out his commercial shop in Mumbai’s Bandra to The Irish House in a deal worth over Rs. 10.3 crore for 60 months. The space, bought in 2009 for Rs. 3.11 crore, highlights the booming demand for prime commercial real estate in celebrity-favoured locales.

India’s Top Realtor Body Declares War on MagicBricks Over ‘Anti-Broker’ Campaigns

In a dramatic showdown, NAR-India has issued a nationwide directive cutting ties with MagicBricks, accusing the real estate platform of disrespecting and misleading the broker community. The apex body is demanding a public apology, while urging regulators to take action.
Rental residential market

Rents Surge 7.4% QoQ Across Major Cities, Rental Yields Increase to 3.62%

Rental prices in major cities across India saw a significant increase of 7.4% quarter-on-quarter (QoQ) between July and September 2024, marking the highest rise in two years. Chennai, Delhi, and Thane led the charge, with sharp rent hikes driven by high demand and limited supply. Meanwhile, rental yields averaged 3.62%, with Ahmedabad recording the highest yield. The report highlights a growing imbalance between rental demand and supply, which is expected to continue influencing prices in the coming quarters.
Investment in Indian real estate

Noida and Ahmedabad Lead Inventory Surge as Indian Real Estate Market Heats Up

As the festive season approaches, the Indian real estate market is witnessing a surge in residential supply, with Noida leading the way with a remarkable 50% increase. A recent report from Magicbricks indicates that overall residential inventory across 13 primary markets has risen by 12% in just one month, reflecting strong investor sentiment and heightened demand.
Rental housing

Capital Appreciation and Rising Rental Yields Boost Investor Confidence in Indian Real Estate

Magicbricks’ Housing Sentiment Index shows growing investor confidence in the Indian real estate market, fueled by rising capital appreciation and rental yields. Noida and Greater Noida lead the index, while luxury properties see heightened demand, reflecting a positive outlook for the sector.