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Luxury rentals up by 8-18 per cent in top seven cities
Real Estate

Luxury rentals up by 8-18 per cent in top seven cities

Average monthly rentals in posh residential colonies across seven major cities increased by 8-18 per cent in the last two years, while capital value increased by 2-9 per cent. According to reports, demand for luxury residential properties in upscale colonies has increased in seven cities: Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, and Pune.

Rentals in the most prominent luxury housing markets have increased by double digits in the last two years. Prior to COVID, average 2-year luxury rental increases were in the low single digits, ranging from 5-7 per cent. Following the second wave of the pandemic, tenant preferences shifted toward larger homes.

Average monthly rentals in posh residential colonies across seven major cities increased by 8-18 per cent in the last two years, while capital value increased by 2-9 per cent. According to reports, demand for luxury residential properties in upscale colonies has increased in seven cities: Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. Rentals in the most prominent luxury housing markets have increased by double digits in the last two years. Prior to COVID, average 2-year luxury rental increases were in the low single digits, ranging from 5-7 per cent. Following the second wave of the pandemic, tenant preferences shifted toward larger homes.

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Technology

Six ways a smarter workflow leads to faster, more accurate bids

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Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

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Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

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