🤯Guess Who is the Richest Indian Real Estate Entreprenuer!
Also Includes: Rs. 2000 Note Withdrawal Vs Demonitization | PropTech in Rental Process | And More...
Hello folks 👋,
The Realty Sector is full of exciting events. This PropWeekly is a fortnightly round-up of the same. Let’s get started!
Inside this edition of PropWeekly:
10 Wealthiest Real Estate Entrepreneurs in India | 2023
Rs 2,000 Note Withdrawal Vs Demonetization: Why they aren’t the same?
6 Problems PropTech is Solving for Rental Property Owners
Expected Surge of 58.4% in UHNIs | Impact on Real Estate?
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Where to Invest for High Real Estate Returns in India 2023
Commercial Properties for Rent in Mumbai: Top 5 Locations | 2023
Real Estate vs. Equity: Exploring Investment Opportunities
The wealthiest Indian Real Estate Entrepreneur holds a wealth of Rs. 59,030 Crore!
Yes, you read it right. GROHE-HURUN released its India Real Estate Rich List 2023 on Tuesday. It ranks 100 individuals from 67 companies across 16 cities. The list provides a snapshot of the wealth of these individuals as of March 2023.
According to the RBI press release, the Rs 2,000 notes will continue to retain their legal status, allowing people to use them for transactions. This is different from the 2016 demonetization, where the notes became worthless overnight.Â
However, if the RBI is unable to recover all the Rs 2,000 notes till 30th September, the question arises as to whether these notes will still be considered legal tender….
What is PropTech?
PropTech (property technology) is the use of information technology (IT) to help individuals and companies research, buy, sell, and manage real estate. Similar to the way FinTech focuses on the use of technology in finance, PropTech uses digital innovation to address the needs of the property industry.
How is it helping Rental Property Owners?
Streamlining Rental Process
Payment Monitoring
Simplified Invoicing and Receipts
Convenient Document Storage
Efficient Inventory Management
Online Customer Service
Building Community
In a striking revelation, India is bracing itself for a dramatic surge of 58.4% in ultra-high net worth individuals (UHNIs), sparking anticipation of a substantial impact on the country's real estate landscape. According to a recent report from Knight Frank, the surge in UHNIs in the next 5 years is expected to significantly boost the luxury real estate market.
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Team PropReturns