Sanjeev Sinha is Editor, Personal Finance at Financial Express Online. He has more than 20 years of experience with some of the top Indian media organisations. He has covered a wide variety of subjects such as politics, taxation, wealth management, brands, marketing, management and real estate. An avid reader of crime fiction, Sanjeev spends his free time watching action movies and listening to classical music.
The recovery in investments during the first nine months of 2021 has been better than the pandemic year as total deals of $2,977 million were recorded as against $1,534 million during the previous period.
Delhi and Bangalore are leading the sectors’ growth with an expected addition of over 5 mn sq ft of the overall organised retail stock respectively followed by Hyderabad expected to add over 3 mn sq ft.
Stamp duty cuts have proved to be an effective demand stimulant in the case of Mumbai, Pune and Kolkata where the state governments have applied a broad-based cut across ticket sizes in the primary market.
A strong revival in the country’s economic growth in the current fiscal, historical low interest rates on home loans and lucrative festive offers by developers will be the major drivers of housing demand.
While upgrading buildings requires significant capital, the benefits range from rental appreciation and lower operational costs, to attracting blue-chip occupiers and increasing the longevity of the building.