blogimage

July 18, 2024 | News & Events

Know More
Real Estate Market Trends: Insights for Homeowners and Investors

Over the past two decades, the Indian real estate sector has faced numerous economic challenges, including the Global Financial Crisis of 2008 and the recent COVID-19 pandemic. Despite these obstacles, the industry has shown remarkable resilience and consistent growth. According to a report by Naredco-Knight Frank, the Indian real estate market is projected to expand significantly, with estimates indicating a rise to $5.8 trillion by 2047 from $477 billion last year. This growth is anticipated to contribute over 15 percent to the nation's total economic output. As 2024 progresses, the real estate market continues to evolve, driven by various economic, social, and technological factors. For homeowners and investors, understanding these trends is crucial for making informed decisions. This article delves into the key real estate market trends for 2024, with insights from Pilani Realty, a leader in the real estate sector known for its innovative and quality projects.

blogimage

July 18, 2024 | News & Events

Know More
Essential Tips for First-Time Homebuyers in India

The dream of owning a home is a cherished aspiration for many Indians. It signifies stability, security, and a place to build a life. But for first-time homebuyers, navigating the complexities of the Indian real estate market can feel daunting. Fear not, intrepid explorer! This guide equips you with essential tips to transform your dream into a reality.

blogimage

July 18, 2024 | News & Events

Know More
Why Mumbai's Western Suburbs are a Hotspot for Real Estate Investment

Mumbai's new metro connectivity has transformed the western suburbs into a sought-after residential destination, attracting substantial business and IT activity and boosting the demand for housing. This trend is anticipated to continue into 2024, propelled by ultra-high-net-worth individuals and high-net-worth individuals.In the last two years, Mumbai's average property rates have increased at a compound annual growth rate of 1.7 percent. Strong family ties, urbanization, and the need for open spaces and communal living are the main drivers of this trend.Stretching from Bandra to Borivali, this area has gained significant attention due to its connectivity, infrastructure, lifestyle amenities, and evolving market trends. Let's explore why Mumbai's Western Suburbs are attracting investors and homebuyers alike, with a focus on the expertise of Pilani Realty.