How housing prices are set
8 months, 3 weeks ago

How housing prices are set

The Hindu  

The Indian housing market is in continuous boom mode. For all intents and purposes, there is no such thing as basic cost of land, while there may be certain basic benchmarks, the prices of different plots even in the same area can vary widely. Less directly, the demand from developers for land in a certain area tends to drive up the price quoted by the landowners. But whether they are responsible for the current land prices or not, developers must factor in the cost of this finite resource when setting the price for their properties. Even with good brand backing, the right location and appropriateness of the project, a developer must set the ticket sizes of his homes reasonably so as not to be ‘priced out of the market’ — meaning that prices must be in line with similar projects by other developers in the area.

Location Land Prices Cost Project Demand Set Developers Housing Price Price Discovery  developers  project  prices  cost  land  set  housing  price  demand  location  projects

History of this topic

The lure of ownership
1 year, 3 months ago

The lure of ownership

The Hindu  

Property prices increase even though buildings age. Most people prefer to buy new homes rather than used properties because older properties need more maintenance and repair and because new projects have better amenities and facilities. In high-quality such as integrated townships and gated communities, the developer has locked in the appreciating power of not only land but location, as well …

Real Estate: Tier 2 and 3 Cities Becoming Hotspots for Homebuyers
1 year, 5 months ago

Real Estate: Tier 2 and 3 Cities Becoming Hotspots for Homebuyers

News 18  

The Indian real estate sector has emerged as a bright spot with immense growth potential due to the country’s growing population, urbanisation, government initiatives, and increased investor confidence. The Indian government has also launched several initiatives to boost the real estate sector’s growth, such as the Smart Cities Mission, which aims to develop 100 smart cities across the country. Overall, …

Home buyers’ preferences shifting towards flats as living costs rise – index
1 year, 10 months ago

Home buyers’ preferences shifting towards flats as living costs rise – index

The Independent  

Sign up to our free money newsletter for investment analysis and expert advice to help you build wealth Sign up to our free money email for help building your wealth Sign up to our free money email for help building your wealth SIGN UP I would like to be emailed about offers, events and updates from The Independent. With mortgage …

Prime property prices in urban locations ‘rising faster than in rural areas’
2 years, 5 months ago

Prime property prices in urban locations ‘rising faster than in rural areas’

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. It said that following the “race for space” seen …

Despite Rate Hike, Property Prices Across India Set To Rise Fastest In Five Years
2 years, 6 months ago

Despite Rate Hike, Property Prices Across India Set To Rise Fastest In Five Years

ABP News  

New Delhi: Prices of houses are set to rise this year to a pace not seen in half a decade. The poll suggested that home prices were expected to rise 7.5 per cent nationally this year, the fastest growth in five years, while average house prices were forecast to rise 6.0 per cent next year and in 2024. The real …

Looking to buy a home? It’ll cost you a lot more than a year ago
4 years, 2 months ago

Looking to buy a home? It’ll cost you a lot more than a year ago

CNN  

Home sales were up again in September with prices at a record high and inventory at a record low for the month. “Home prices are rising too fast from insufficient supply and rising demand,” said Lawrence Yun, NAR’s chief economist. “Typical seasonal patterns for home sales have likely been thrown off as a result of this crisis,” said Mike Fratantoni, …

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