property rates in india

‘₹80k for 2BHK now reasonable’: Asset manager says India’s middle class is getting squeezed

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‘₹80k for 2BHK now reasonable’: Asset manager says India’s middle class is getting squeezed

A construction boom is reshaping India’s big cities but not in the way renters had hoped. New towers are rising fast across Mumbai, Delhi-NCR, Bengaluru, and Hyderabad. Yet rents are only getting steeper. “Normally, you’d expect that if there’s more supply in the market, prices should go down, right?” asks Bengaluru-based asset manager Rohit Sansanwal … Read more

Buying property in Mumbai? Investment banker says you lose 2 years’ returns before you even begin

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Buying property in Mumbai? Investment banker says you lose 2 years’ returns before you even begin

Rohit Agrawal, an investment banker, stepped out last weekend with a simple goal: scout for real estate investment options. But what he encountered instead was a staggering wall of upfront costs.  From stamp duty to brokerage, the cumulative expenses, he says, border on the absurd. Calling it “obscene,” Agrawal broke down what a typical buyer … Read more