Property Rates & Price Trends
in India
Go from browsing to buying
How is price change calculated?
The price change is calculated quarterly. The price revision exercised is brought to effect by several market forces like changes in construction and labour cost and ready reckoner rate/circle rate, to name a few. Government
...read moreWhat is Rental Yield?
Rental yield is the percentage of the property value received over a year through rental earnings. It is evaluated on a year-on-year (YoY) basis and is an important parameter to know the Returns on Investment (ROI) from a property.
Is the area mentioned carpet, Built up Area (BUA), Super Built up Area (SBUA)?
The area mentioned on a property listing is Built-Up Area (BUA).
What are the most appreciated localities/societies?
The most appreciated localities/societies represent the areas/projects which have witnessed maximum price appreciation Year on Year (YoY).
How to decide your budget for buying a house?
Budget is one of the first points to be considered while planning to buy a home. An individual's affordability depends on the savings, monthly income, home loan eligibility, number of working years left, and outstanding liabilities, if any.
What sort of location should one invest in?
An excellent place to start is by gaining general information about the locality on the internet and from real estate agents. Compare and analyse the average price per sq ft over the last 1-3 years, and check if the results have been impacted by any infrastructural development. Also, check for the monthly rental rates in the localities and calculate the potential yearly rental yield you can generate from a property in the area.
How to negotiate a deal?
The key is to remember that you can always seek a discount as a homebuyer. However, it is crucial to understand when to end the negotiations and decide further. Be an informed homebuyer by knowing about the market trends in the locality and the project. Do basic research on the internet and involve a good broker. As an expert, the broker insights and negotiation tips might be of immense help.
