INFRA

Be it South Delhi, South Mumbai, South Chennai, South Kolkata or South Bangalore - the Southern parts of any metro city have always ranked at the top of that city's property pyramid. These precincts are generally seen as the most prime and posh residential destinations and have historically housed the Who’s Who of the city. If one wants to announce oneself or one's business socially, buying a home or opening an office in these parts has always been seen as a pretty good bet.

While the cosmetics market and its customers wrestle with new age-defying and age-reversing concepts and products, there is one market segment that has actually discovered the fountain of youth. Over the three decades, the grey has been gradually leaching out of the Indian home buyer's profile, leaving full heads of natural black hair and unwrinkled faces in its wake.

Gone are the days when only the elderly could or would buy homes on the back of their life savings. Thirty years ago, the typical Indian home buyer was invariably aged above 50 and cashed in his or her provident fund to finally make the dream of homeownership come true.  

Urbanization is central to a country’s economy – and in India, the urbanization rate corresponds to 60% of the country’s GDP. For smoother transformation of a developing nation like India, the need of the hour is to manage the process of urbanization. The rapid pace of urbanization has given rise to many grave issues – one of them being housing shortage.
 
Urban land in India, constituting 3.1% of the country’s land area, presents a complex situation where high urban densities co-exist with sub-optimal utilization (India Habitat Report, 2016). The inward migration of massive chunks of population from rural areas and peri-urban areas to urban areas in search of livelihood and better living conditions is continually exacerbating the shortage of housing in our cities.

Delhi-NCR and Bengaluru ahead of Guangzhou, Manila and Melbourne

Although leasing activity declined by 13% year-on-year in Asia Pacific in Q2, volumes were down only 2% in the first half of the year, indicating stable leasing levels across the region. Cities like Seoul and Taipei saw sluggish tenant demand impacting leasing activity. Delhi-NCR has continued to be the regional leader for leasing volumes while Bengaluru also came ahead of other active regional markets, including Guangzhou, Manila and Melbourne

Noida: Two days after a home buyer reported fell sick while protesting outside corporate office of reality major Amrapali, Amit Mohan Prasad, chief executive officer of Noida, reached out to hundreds of home-buyers on Thursday. He visited the protest venue to appeal them for ending the protest.