GCC Policy Impact on Residential Real Estate in Bengaluru

Bengaluru’s residential real estate is experiencing significant growth due to the expansion of Global Capability Centres (GCCs) driven by favorable state policies. As GCCs fuel commercial growth and create high-paying jobs, demand for upscale housing, smart homes, and co-living spaces is on the rise. With infrastructure projects like KWIN city, Bengaluru’s appeal as a prime real estate market continues to grow, making it a key hub for both global businesses and homeowners.

Residential Market Sees Growth in Sales and Value, Led by Luxury Segment in Q3 2024

The Indian residential real estate market saw a 2% increase in sales in Q3 2024, with a 7% rise in sales value. Luxury properties led the growth, while new supply declined, particularly in affordable and mid-range segments. The market’s resilience is reflected in the strong performance of both metro cities and Tier 2 regions.

Dwarka Expressway Property Prices Surge by 15.86% Since Inauguration

According to Geetanjali Homestate, property prices along Gurugram’s Dwarka Expressway have surged by 15.86% since its inauguration. Notable increases in sectors such as Sector 37 D and Sector 108 highlight the strong demand fueled by enhanced connectivity and infrastructure improvements in the region.

Thane Sees Sharp Rise in Under-Construction Property Prices: 19.5% Increase in Q3, Reaching INR 16,455 per sq ft

Thane’s property market sees a 19.5% rise in under-construction home prices, reaching INR 16,455 psf in Q3 2024. Despite rising prices, demand remains strong, driven by infrastructure projects and proximity to Mumbai.

RBI’s Upcoming Monetary Policy Announcement: Implications for the Housing Market

The RBI’s forthcoming monetary policy announcement could reshape the housing market landscape in India. A possible repo rate cut may lower home loan interest rates, making EMIs more manageable for buyers. With property prices rising significantly, the impact on affordability and investor sentiment will be closely monitored.