Rental growth surpasses capital price growth in luxury markets: Report

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    New Delhi, March 1 | The growth rate of rentals in the top seven luxury housing markets of the country rose by 17-26 per cent in the past seven years, surpassing the rise in luxury property prices in the same localities during the same period, with average capital prices increasing by 15 per cent, according to an Anarock report.

    Among the top seven cities, Hyderabad’s HITECH City saw the highest rental appreciation (26 per cent during 2014-2020 and in the in the same period, average price growth was 12 per cent.

    Bengaluru’s Rajajinagar saw the highest capital price appreciation (15 per cent) while average rentals rose 22 per cent, showed the report.

    On the other hand, Gurugram’s Golf Course Road saw capital prices decline marginally in this period, while average rentals rose 17 per cent and the average prices in the area currently are at Rs 13,150 per square feet, rentals are at Rs 70,000 per month.

    It noted that 2020 was an outlier year for all rental markets with almost no change in monthly rentals compared to the preceding year.

    Anuj Puri, Chairman of Anarock Property Consultants said: “The average rentals for a house of minimum 2,000 square feet size in the top seven cities’ key luxury hotspots rose anywhere between 17 per cent to 26 per cent in 2020, as compared to 2014. In the same period, average capital prices in these micro-markets saw a maximum rise of 15 per cent, and some even saw a marginal dip.”

    Citing Anarock data, Puri said also reveals that from 2014 to 2020, rental prices in the top luxury markets saw consistent year-on-year growth, averaging between 3-6 per cent annually.

    “In contrast, capital appreciation in this period either remained range-bound or varied each year. Some years saw a decent yearly rise, even as high as 7 per cent, while prices dropped by around 5 per cent in other years, particularly in 2017, when many micro-markets saw capital prices plunge against the preceding year.”

    In 2017, various structural reforms like RERA and GST were implemented. After this period, most localities only saw a marginal capital price rise averaging between 1-3 per cent, while rental markets continued their growth run.

    Due to the pandemic, 2020 was an outlier year for Indian rental markets, with most luxury localities recording either no change in average monthly rentals (compared to the preceding year) or seeing some decline. Without a doubt, COVID-19 impacted luxury rental markets amidst the growing WFH culture. Average property prices showed little or no change in 2020 over 2019.

    As per the report, the luxury residential rental market saw a setback due to COVID-19, but now appears to have recovered with demand for rental luxury properties back almost to pre-COVID levels, said the report, adding that monthly rentals in some of the localities have begun heading north.

    Source: IANS

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    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    Social Media Expert And Founder Of Aapno Rajasthan Durgesh Dhaker Gives His Two Cents On Growing One's Reach Online

    “Work and you’ll get what you need; work harder and you’ll get what you want”.

    The above-mentioned quote speaks volumes about the courage of those who have made substantial breakthroughs in their life with hardwork and dedication.

    One such committed individual who is preparing several notable names with their social media reach is Durgesh Dhaker. An agile and someone who keeps himself upbeat with the happenings in the country, Durgesh has acquired expertise in carving the social media strategies for various stalwarts. He is also the founder of Aapno Rajasthan

    facebook page with more than 1 million likes which he gain within very short time with his expertise.

    Coming from the beautiful city of Chittorgarh in the land of Rajasthan, Durgesh Dhaker is making his parents and fellows pride of his strides and success acquired through hustling with perseverance. His social media expertise enables him to give his top tips for growing one’s social media presence, it is as below-

    1-Create a network

    Social media comprises of a huge number of people who need to build their reach, subsequently, it turns into a fiercely cutthroat spot where every individual is attempting to draw in mass consideration, thus it is basic that we upgrade our activities to pick a specialty which suits our inclinations, it ought to be something that you are prepared to deal with for quite a while of your life.

    Zero in on making an intuitive substance that can be discovered when somebody looks for it, the most ideal approach to do is to is utilize significant hashtags on Facebook, Twitter, etc.

    2-Create steady, quality posts that are relatable

    Today, the web has enough data however we can help our supporters discover quality data that isn’t excess by posting relatable substance according to our niche, recall, forthright, valuable, and quality substance is as yet restricted on the web, consequently assuming you give individuals what they are searching for reliably, gradually and slowly, you will see considerable development in individuals who follow you.

    3-Social media showcasing/connecting websites

    Social media marketing is perhaps the most ideal approach to get ideal reach online, to see speedy outcomes, posting cool videos, and opinion on the latest happenings are some methods which can be deployed. If one has a website on their name or related to their field of work then those can be attached on social media profiles to promote them better.

    In a nutshell, we can conclude that, according to Durgesh Dhaker, the top way to grow your social media presence is by being relevant and consistent with the content that is suited to the tastes of your target audience, linking several web pages and blogs to boost traffic and last but not the least correct marketing of your content that can lead to conversions.

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