India's luxury housing market booms as young affluent buyers seek to invest
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- เผยแพร่เมื่อ 27 ก.พ. 2024
- India's residential real estate sector saw remarkable growth last year, driven by young affluent Indians with rising disposable income. More are demanding bigger homes and investing in high-end units, with the expectation of even greater returns. With an estimated combined spending power of over US$330 billion, millennials -- who make up 36% of India's population -- accounted for 54% of homebuyers in 2023. Priyata Brajabasi reports.
Country that dont even have 1/10th of india's GDP are lecturing us in the comment section😂😂😂
Yeah because India has 1.4 billion people, GDP per capita is $2500 lower than Congo
@@kucingsuci don't see nominal gdp check gdp in people purchase parity terms.
We can buy a lot of things in 2500 dollars in India as compare to other countries.
For example if one medicine cost 60 dollar in other countries then that same medicine will cost 2 dollars in india. So we have a lot of power to purchase in that much money as compare to other countries who have even more money in per capita.
@@kucingsuci in short india is very very cheap so we can so we have more buying power as compare to other.
@@ELECTRONXXwhy you reply bots
Indian GDP leading the world
Wow India! I love India from NYC 🇺🇲💝🇮🇳
As an Indian myself, I don’t like or trust you. You are very crafty and have a messed up culture. Keep your love, FIRANGI
CNA is becoming good day by day 😊😊😊
4:28 Correction: Average annual income of Indians in 2024 is $2,800 and not $1,200.
Still I know it is less and more work is needed to be done in order to increase Indian economy so that per capita income also rises.
Right👍
Mean aur MEDIAN ME ANTAR HAI 😂 IF I earn 1rs and u 99 then avg is 50 bro .
Actually, if you look at RBI's digital data, it would appear that consumption may be twice as large as GOI thinks it it.
These stats are available on NPCI's website.
You can look at monthly data like UPI, debit and credit card use, and other data like NACH, NEFT, IMPS, and RTGS and draw some logical inferences. India's babus are calculating the GDP using very outdated data. The old Congress socialist influence is still there.
My estimate is that actual GDP may be 7-8 trillion. That is why the middle class is growing so rapidly. and there is so much upward mobility.
@@SpaceOo-he2cfyour profile pic says how empty your skull more empty than your countries wealth
@@haridwarsingh6220 Median salary of indian is 2800$ means 50% people earn more than 2800$ & 50% earn less than 2800$ per year. & the thing you are talking about is average (total earning /total population) & via average of india, (ppp) average is 9983$.(gdp ppp of india is 14.216 trillion $ & population is 145 crores)
By looking at the comment section, I can definitely say
They see me rollin
They hatin
They see me rollin...
They hatin'....
🤣lol look at the jealousy in comments section
Most Chinese descendants .
Why should anyone be jealous of Indians?
Jealous of what, j33t?
Life is so easier in Indian rural.cost of living is affordable. Happy to living in India with 3 fully furnished individual house and shops and commercial set up and agricultural land
What's your profession ?
Yeah lol ! Our village nearby Mumbai ! Its best Place to live and farm and run ur own small dairy ! After metro Come to my nearest tear3 city then our lives will totally get a massive economic boost !
@@svanimation8969 my village nearby city. We are so happy brother
@@rajeshn5653 yes its like best of both worlds ! Good breathable air lots of trees beautiful my all village area surrounded by grass mountains ! Can take bus from town to our Tear 3 city which is 15 km Away from home and then memu train to Mumbai 😋 100km long
And now after the bridge open Mumbai even come more closer like 44 km
@@svanimation8969 super
in todays time, getting 1 lakh per month seems lower-middle income group given the high cost of living in tier-1 cities and the expenditures surrounding it.
If you feel 1lpm is low-mid income per person, you a re most probably overspending on useless things.
I am working in premium aluminium window company....its true their is high demand on luxury systems ...I make 50 lack worth qoutation only for window 🥶
India's Nominal Per Capita is $ 2,800 USD,How $ 10,000 is 10 times India's Nominal Per Capita
Actually, if you look at RBI's digital data, it would appear that consumption may be twice as large as GOI thinks it it. You can look at monthly data like UPI, debit and credit card use, and other data like NACH, NEFT, IMPS, and RTGS and draw some logical inferences. India's babus are calculating the GDP using very outdated data. The old Congress socialist influence is still there.
My estimate is that actual GDP may be 7-8 trillion. That is why the middle class is growing so rapidly. and there is so much upward mobility.
@@shishirthadani1696first of all congress made india a capitalist county and Modi's pm for 10 years he could have easily changed it if he wanted and second, stop watching india vishwaguru kinda scammy content idk how tf indians on internet are so retarded
She does not know what she is talking... Her focus is western English 😅
Skyscrapers is a big NO for me.
If i can afford a luxury house it will be a villa type on the Ground. 😁
India domestic consumption driven economy.....its inevitable..... It is open & democratic secular pluarstic values nation....where every color, cast, creed religion, race, ethnicity people finds suitable opportunity....I have seen multiple reports, where its mentioned that by 2040 it will have GDP combined Europe....
smells trouble, just like before the Asian financial crisis
No
India is not fool like uw ,there is cheque and Ballance
you wish @dicky-duck6632
@@rajibchakroborthy4181these comments are from Chinese propoganda machinary
india will be 3rd largest economy by 2027 u keep barking
Stats are wrong,average income is 2500$+
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
India's avg income is 6.6k USD right now from 2024 fresh data...
False information .
Please research before presenting report. India’s per capita income is close to $ 3000 but you are reporting $ 1000.
You must research thoroughly before putting it on public domain.
A big thumbs down
They are lying. But I also think the GOI underestimates GDP. See my earlier comment. Indian GDP has probably already crossed 7 trillion.
@@shishirthadani1696 there are 2 ways of looking at the GDP.
Nominal GDP & PPP GDP.
If you are talking about PPP GDP then yes , India’s GDP has already crossed $ 7 trillion mark
@@worldstreetswithsourav No, I have tried to estimate India's nominal dollar GDP based on NPCI/RBI digital data. See my earlier reply on another comment.
@@worldstreetswithsouravps - I am referring to my comment to wisdomhighschool
When you compare per Capita income, you should also compare purchasing power parity.
300k for a 4 bedroom is very cheap here in vancouver the place we rent is 1 bedroom 700 sq worth over 1 million
Ever heard of inflation?
You earn in CAD , we earn in Rupees
@@straighttalk7573 maybe it is time to buy in India, so cheap now
India offer better living space because of growing market
because of justin trudeau and many millions of immirants and no growth of housing
India's per capita income 2600 US dollar
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
How much is your income?
I@@dravidian667 I know people in S. Delhi and Gurgaon earning between 35,000 to 43,000 USD per year. Skilled/experienced tech, or mgmt,. or consultants. They are in their early to mid 40s.
It is way lower than 2600
@@dravidian667 my per capita is $23000
The hatred is benchmark of our success in comment section
Let those keyboard warriors cry😂.
P.s. it isn't and will never be a bubble
BECAUSE real estate in india is yours and yours only
Government doesn't come in between to take estate tax, georgism, and NO INHERITANCE TAX
your money will fade away
but your homes will always stay within the family
This sure is a bubble..
India is not China remember that
@@Lawgyan2023so what bubbles can form in India too
No
India real estate is just starting
This is indeed a bubble. The bubble will burst just like it did for China@@Lawgyan2023
Bigger country always all type of climate, type of all soil, all type of mountain, all type of people. Life is our choice.
India's per capita income is $2600, not $1200.
It's not high but atleast don't be factually incorrect.
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
Trying to mimicking Singapore😊
No one is mimicking so called Singapore
@@Narutocjgyci you dont understand mimick ? that means try to copy.
How is trying to develop a city mimicking Singapore? Plenty of other cities in the world have modern skyscrapers and so your point is?@inkjustdo-Mach17
Mimicking Singapore would be accepting dollar as the national currency and forgoing sovereignty
seriously Singapore is like a ant Infront of India. I can jog in Singapore one point to another every morning. usually when flights takeoff we don't see airport but in Singapore we don't see whole Singapore 😂
2600$ gdp per capita CNA
Don't mislead people
It went from 1980$ in 2020 to 2600$ in four years.
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
Its a big bubble mainly in gurgaon going to burst in 2026 for sure
Wah....Delhi must be cold and nice......looks like Genting
The Delhi u people's see on Internet is old Delhi ! India's capital is NEW Delhi and delhi and new Delhi is different
That's pollution and it looks more like a Gobar kitchen
We've bought 70,000 USD apartment 2BHK flat in Pune metrocity... Real estate market is booming in India, especially in metros...
it's $3000 doller not 2100. and it's a lot due to how cheap India is. medication and food is cheapest and India have most developed medicines in the world.
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
Per capita income is 3000 dollars
Gurugram is the hub of luxury housing market
If they bought houses by selling stock, then it's okay. But if they bought houses using low interest loans from banks, like in China and the US, then there's trouble looming, and India will have made the same mistake as the rest of the world despite having the opportunity to learn from it.
What if they buy by saying 😅
In India interest rate is sky high 🤡 minimum 6-8% to 13 % 😪
Here taking bank loan means u had to dammnn sure that ur project gonna be 100% successful lol high interest rates some times have good and bad side effects
In west there is money is cheap in India its not ! Taking properties on loans are not Indian thing if u not have any stable income job ! Its hard to get home loan lol credit score take measures of all
CNA❤❤❤
House Market is best tool to see any country progress in personal disposable income growth and disparity between income and disposable income.
India real estate is booming now but it will burst soon, all the Indian developers are building luxury homes because the profit margin is better when compared to building affordable homes. Most of the luxury homes are bought by well off Indians for speculation so most of these will be empty. You will see another video after a few years saying what is the reason that Indian developers have gone bankrupt.
Fool in India we are nor building any damn office buildings here building residential buildings ! We are no fools who follow same mistake of chaumin
In in no one can mindlessly build random height costly junk
Happy to see your jealous a$$...
This ain’t no ever grand situation buddy
Let's meet here again when this Bubble bursts
Give the proper information it's $3000 current data, not $1200...
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
India need lower income groups for cheap labour. Middle class people with nannys is possible in India.😊
Western lifestyle is too hard.
I never did any work for building my home ,cheap labour
We will we wil rock you . Golden bird back on track to be vishwa guru
Chattarpur mentioned at 2:50. There are actually no sellers. Plenty of buyers wanting property there but no one sells.
WRONG INFORMATION
AVG annual income of indians is 3000$ as per current data.
They are lying. But I also think the GOI underestimates GDP. See my earlier comment.
It's never just about luxury housing. U need to take into consideration the surrounding environment and quality of people staying in the area. U can use google map to look at Ambani's home. The billion dollar building is in a area where it's run down and dirty.
Not really. His place is in a pretty decent area in Mumbai
When u last visited the area?
@@subramaniam9749 4 months ago
@gopuprakash160 Did u inform Mr. Abani about Yr concern. Its a posh area surrounded by security. Do u also throw Yr litter in the near dustbin or as u like. Did u ever educated anyone on the PM keep India clean campaign. As they say charity begins at home.
@@subramaniam9749 i informed him. he's taking action
Indian infrastructure? Check out the newly-built Gopal Krishna Gokhale Bridge and the CD Barfiwala flyover 🤣
Make toilets in your garreb mulk pxttan
I don't think India's GDP is Anywhere nearby what these analysts predict, or should I openly say - LIE 😅. Yes, certain elements are true, like you have an miniscule invisible population which somehow got access to cash, except for Mumbai and Chennai/Bangalore/Hyderabad where technology industry and financial services have really made the change. So it's an skewed market
What else can we expect from a Pappu's slave
I have seen south Gurgaon transform within 5 years and if things go like this, by 2030 South Gurgaon would be transformed. So it is not totally lie.
Really,do u know how many metro Cities are there in India?😊
India isn't a Di¢tatorhip like China, India can't manipulate GDP numbers.. it's Open 🤷🏻♂️
whole picture about india will change in next 5 years and u will have to accept it
India's per capita US $2500 not $1200!
How can they get job sharing wrong information to the viewers really don't know!
They're talking about the Delhi and National Capital Region. Per capita there is closer to US$10k per month.
Wow india is so rich. Wow I am jealous
Your opinion was the same for china around 2002,,
Amerikstan
Be jealous
We don't give a f
@@Benzene-xw7oq jealous of you smelling cow fart 🤣🤣🤣 nice joke mate
Cry more lol
@@beekesh1643 are there enough toilets in your country??? What about unemployment, illiteracy and poverty problems in india.
Come and check the situation on the ground. Basic necessity like drinking water is hard with summer just round the corner.
Ask kejriwal, and Bangalore government.
If you live in a third class bihari city then yes. 😂😂
Well why are you poor then
so bihar is in pakistan? by the way gdp per capita of UP is less than pakistan too@@theguy3888
Where ?
What's wrong with india 🇮🇳
Yeah luxury houses and when yoh come to down the same old crappy infrastructure wilth pollution and traffic and digged up roads and people spitting here and there. 😂 Spend crores for this nonsense. Or maybe i should say spend crores for pretty jailhouse.
Specially in muslim areas ..
Look at this frog from it’s well came out and saying what he knows and thinks hilarious .
@@ksrawat88 everywhere be it lalbaug , be it 7 raasta or byculla . Forget muslim areas.
@@user-gj1nt9zg6x ok mr know everything i did not ask your opinion.
@@ksrawat88 and also thanks for atleast accepting that 😃
So this is a propaganda channel now 😂 i see it
Still working middle class do not have single house of 400sqft after 9 years of Modi government due to high real estate prices compared to salary. Few people bought lot of residential plots for future high real estate price growth and not construction
I live near tear 3 city village my village 80% people's buy flats in nearby tear 3 cities there are 3 -4 tear three cities in around 30 km radius ! But I feel my village is best place
Most buildings in endia looks rusted out. Doubt theyre lUxUrIoUs
Another dumba**
ignoramus comment. Firstly India is huge, secondly there are properties of all ages, thirdly there are new age state of the art condos coming up including Trump towers. If you are ignoeanr you don't have to advertise it
And your spelling reflects your illiteracy also
What's endia???
That's a Pakistani speaking in disguise.
Yeah sadly as an Indian I agree with you
True I feel the same when I visit mumbai but the people there haven't seen better so it's luxury to them
scammer paradise
Your comment is as legitimate as made in China logo.
Western countries are looters
@@rajk.9098 doesn't change the fact.
@@jeremylim5689 Same as the West whose ancestors scammed and looted the entire world.
@@rajk.9098At least people are still buying brands made in China. I haven't heard of a single indian product yet lol
After Modi we have too much money how it rise we don't know it happend it's truth
LOAN
@@kimchimrim loan or what we don't care we are benefiting remaining baad Mai jayee that's all
India's real estate market is a bubble and over-inflated.
0:37 , the PM 2.5 is amazing in New Delhi. So foggy😅
Burning Gobar
In the 2023 Global Hunger Index, India ranks 111th out of the 125 countries. Proud to be Indian 👍
Can you believe such a stupid Index when India literally comes in Top 5 in every agricultural Products? I mean there many countries rely on India for food
It's improving. So yeah Proud to be Indian
in pain bro ?
Stop drinking 🐪 cola and make some 🚽🚽🚽🚽 in paxta
Global Hunger Index, a baseless ranking made by western nations to fake their superiority.
How does anyone calculates what percent of 1.5 billion Indians ate 2 meals a day?
Westerns are crying😂😂in commet
CNA sounds a lot like Hindustan Times these days. Jai Hind!
First make some 🚽🚽🚽🚽🚽 in paxtan. Then stop drinkin oonth ka peeshab
Make toilets paxtani and drink some came cola
Fist make toilets in pxxtan
Chasing dreams= Miseries awaits. After Pleasure comes Pain.
Can u elaborate… I feel this is so true in all the countries… More material comfort more misery
In Singapore the FSI is 20, while in India its 1.5 raised recently to 3 in mumbai. Congress government deliberately kept it low sighting various excuses which you never see anywhere in the world so the builder in cong era can extort money from home buyers and both builders and banks make a killing . Viewers should find Singaporeans who has lived through the 70s how their slums were vacated by force over night and rehoused , in India we are negotiating with thugs and Street politicians for decades who have their own agenda over the people.
What is FSI
@@babaphoto Floor Space Index
1200$ per capita income 😅, last time I checked it crossed 2600$
Largest population..
@@sanjoe7265 still it cross 2700$ percapita
142 crores and 4.11 trillion India gdp size .
Easily nearly 3000$ per capita.
India will grow fast
@@phanitejavempati2217 2024 estimates shows that we are around 2800$
They're talking about the Delhi and National Capital Region. Per capita there is closer to US$10k per month.
It is now 2800
China is declining.
India 🇮🇳 is projected to become a developed nation in 25 years.
- At the same time, China becomes a second North Korea.
😂 you must be idiot enough. China is declining, doesn't mean it will become 1 trillion dollar economy. Probably it will cross 30 trillion dollar economy stature. China is declining, doesn't mean it isn't growing. India is growing, still doesn't mean it's growth same number of Billions in its GDP, as China and US did with little growth. India's GDP will only be around 30-35 trillion dollar economy by 2050 , that too , if some miracle happen , and keep happening for next 25 years. And with that much hypothetical number, India will still be behind China in per capita terms. It will be developed, but on the lower end of the developed economy list. Wages won't be parr with those in the west. And bro, China is crucial for the world, including India. No body want China's economy to come crashing down. Remember, if India become manufacturing giant , it will need China's huge market, whose population have 5-6 times the purchasing power of Indians. We live in interdependent world, can't have such a big economy collapse. It will be nightmare for India 😊
lol. good luck with that.
China continues to add more to its GDP at 4% than India does at 8%. India will need to grow at 10% for more than 25 years, and China needs to completely stop growing, for India to catch up. India lost the race. Hopefully they will add value to humanity with their growth.
If India says that China is not doing well, I just can't imagine how horrific it must be in India
This is like an F-grade student telling an A+ student he is not doing well.
- China's economy is 6 times larger than India's.
- China's yearly growth is 5 times greater than India's.
- China has better living conditions and healthcare; on average, they live a whole decade more than their Indian counterpart.
- China is 60 times richer than India. (I know it's unfair that the British looted 45 trillion from India, but it is what it is).
- China launches 20-50 times more rockets than India into space every year.
- China is a lot more intelligent, with an IQ of 104 compared to India's 76.
- China is more athletic and stronger than India, winning 38 times more gold medals than India in the world olympic games.
- China's reserves is 7 times larger than India's reserves.
- India is forced to use the Chinese currency when purchasing oil from Russia, Iran, or Venezuela. Due to weak & undesirable Indian Rupees.
- China has 21 times more companies in the Fortune 500 than India.
Rovers on Mars China: Yes India: No
Brought back Lunar Samples China: Yes India: No
Humans in space China: Yes India: No
Space station orbiting above us right this moment China: Yes India: No
Reference:
FirstPost : China overtakes US to become world's richest nation
Wion - At $514 trillion, China overtakes US in terms of amassing the biggest net worth
Indiatoday - China overtakes US as world’s richest nation
Tribuneindia - China overtakes US as world’s richest country
Businessinsider india - China overtakes US as the richest country in the world
Thequint - China Overtakes US as the World's Richest Nation
Hindustantimes - China overtakes US to grab top spot in list of richest countries
Indiatimes - Global wealth surges as China overtakes US to grab top spot
NDTV - China Is Now World's Richest Nation, Ahead Of US
NewsX - China Overtakes US As World's Richest Nation
India - China Becomes Richest Country In The World, Overtakes US To Grab The Top Spot
Timesofindia - Global wealth surges as China overtakes US to grab top spot
Newindianexpress - China overtakes US as richest country in the world
Oneindia - China overtakes US as the richest country in the world
News18 - चीन बना दुनिया का सबसे अमीर देश, अमेरिका को किया पीछे
Aajtak - छिन गया America से ताज, अब China दुनिया का सबसे अमीर देश!
Zeenews - Worlds Richest Country: America पीछे... China बना दुनिया का सबसे अमीर देश
TV9 Hindi - अमेरिका को पछाड़कर चीन बना दुनिया का सबसे अमीर देश, 20 साल में बनाई इतनी संपत्ति
Newsleadindia - चीन ने अमेरिका को पछाड़ा दुनिया का सबसे अमीर देश
List of countries by GDP (nominal)
Medal Tally | Tokyo Olympics 2021
List of countries by FOREX reserves
Fortune Global 500 2021 | Full list of ranking
Spaceflights in 2021
Average IQ by Country 2022
USA News
BIoomberg - Global Wealth Surges as China Overtakes US to Grab Top Spot
Yahoo Finance - Global wealth surges as China overtakes US to grab top spot
Japanese News
Nikkei - China overtakes U.S. in national net worth to grab top spot
UK News
Dailymail - Global wealth trebles in last 20 years as China overtakes US with the highest net worth - accounting for a third of world's growth
Where is your brother lastchang?
India PCI=$1200? That is 100% wrong I am sure. It is probably closer to $3000 given the recent hot growth rates. It still isn’t very high but $1200 PCI number seems absurd.
Western media always wants us as poor you know
They can't digest their complexions even if we become super rich
It's wrong. Nominal GDP is around $2800 but that's also wrong in a way. Real economists use GDP PPP which is around $9000
So what's the difference? Well you see India is a lot cheaper than western countries so you can buy around something for example a TV let's say it costs $1000 but the same TV in US will cost $3000 so in reality in terms of how much Indians can buy, India is already the 3rd largest economy.
India is the land of Winners!
Caste system is a winner?
That is your delusion@@cac1504
@@cac1504ha ha nice
I'm indian & caste system is 😮💨🤢
And all Racist countries are my 💩
@@cac1504Grape capital of the world!
@@cac1504ya created by Portuguese missionary to divide india and British continued it to divide and rule!!!
barking wont change anything to all of those who spew hate against india