Category: Articles

– by Akash Pharande, Managing Director – Pharande Spaces In the wake of the Indian stock market's record-breaking highs, many investors find themselves in a quandary. Should they continue investing in stocks, chase the ever-fluctuating gold market, or explore a different path altogether? While both assets have the potential for reward, there's one asset class that consistently outperforms them in both value appreciation and overall satisfaction: residential real estate. Real Estate: A Consistent and Reliable Performer Consider these compelling statistics: The national average residential property price increased by over 8%…

Read More

– by Akash Pharande, Managing Director – Pharande Spaces In India, no home is bought purely from an end-user perspective. The expectation is that it will also gain value over time. Regardless of how comfortable and otherwise attractive it is, no Indian will purchase a residential property that does not have appreciation potential. What factors impact resale value of a home? Let's get right to it. In the last three years, several Indian cities have witnessed significant real estate price growth. In the last two years, all eight of India's…

Read More

– by Akash Pharande, Managing Director – Pharande Spaces Choosing a home is a significant decision that varies greatly depending on the stage of life you're in. Whether you're in your younger years, at the peak of your professional life, or nearing retirement, each phase brings unique considerations and priorities. Let's delve into these differences and identify key factors such as home size, family needs, and facilities and amenities that are most relevant at every life stage, from starting out to peak professional years, and eventually retirement. Younger Years: Starting…

Read More

– by Akash Pharande, Managing Director – Pharande Spaces India’s battle against worsening air quality is reshaping its residential real estate landscape. As urbanization, industrialization, and population growth propel this environmental challenge, home buyers are increasingly seeking healthier living spaces. The Heart of the Problem: City Centers Indian city centers, notorious for their high pollution levels, suffer from several contributing factors: ·                     Traffic Congestion: The bustling city centers, with their dense population and heavy traffic, lead to significant vehicular emissions. ·                     Industrial Emissions: Proximity to industrial areas, often equipped with…

Read More

    – by Akash Pharande, Managing Director – Pharande Spaces As we know, the COVID-19 pandemic triggered a remarkable shift among India’s middle class when it comes to home purchase behaviour. Typically conservative middle class Indians who earlier preferred compact and functional homes started splurging on relatively bigger properties, defying conventional wisdom. While WFH and online schooling initially drove demand for bigger homes, this trend continued even after the pandemic subsided. There has been a deeper attitudinal shift unrelated to pandemic requirements. Why bigger homes rule the market –…

Read More

 by Akash Pharande, Managing Director – Pharande Spaces It's festive season time again, and many Indians are seriously considering taking the plunge this time. But even after factoring in the pros and cons, there is one aspect of the home ownership journey that can cause confusion – namely, how big a home should you buy? Of course, you've read the news and know that most Indian homebuyers are going in for bigger apartments now. One of the main reasons is that it makes more financial sense to go in for…

Read More

Wellness by Design – The Healing Power of Holistic Homes – by Akash Pharande, Managing Director – Pharande Spaces The COVID-19 pandemic has underscored the importance of living in residential spaces that support health and wellbeing. With lockdowns and social distancing norms, our homes became our sanctuaries as well as our workplaces and schools. Suddenly, we became aware of how conducive our homes are for our physical and mental health. The pandemic is, for all practical purposes, over. While there are still cases across the country, the virus has lost its…

Read More