By Akash Pharande, Managing Director – Pharande Spaces Young, dual-income nuclear families and single professionals just beginning their careers are the driving forces of urban India today. In 2022, nearly half of Indian households consisted of 1 to 4 members, marking a significant rise in nuclear families from just 37% in 2008. By 2024, it is likely that this proportion has surpassed the 50% threshold,…
The Future of Indian Housing
By Mr. Akash Pharande, Managing Director – Pharande Spaces India’s urban population explosion is causing its bigger cities to burst at the seams. Overcrowding, pollution, traffic congestion, and deteriorating infrastructure are the ‘new normal’ – a state of affairs that we have begun to accept as inevitable. According to the United Nations, about 40% of the Indian population will live in urban areas by 2030.…
FOMO vs. FOBO – In A House Hunt, One Helps and the Other Hurts
By -Akash Pharande, Managing Director – Pharande Spaces India’s real estate market provides many opportunities for home buyers. However, it is not easy to navigate, especially for first-time buyers. With so many options and also varying offers from developers, it is often difficult to decide which property purchase ticks all the right boxes for an individual buyer who has never purchased a property before. Within…
Breathing Uneasy – Housing Choices Amid Worsening AQI
By- Akash Pharande, Managing Director – Pharande Spaces The problem of rapidly worsening air quality in India has a direct correlation to our housing choices. Increasing urbanization, industrial proliferation, and population growth are causing more and more homebuyers to prioritize the quality of their living environments. Urban Centers – The Worst Hit Indian city centres face severe air pollution threat: Heavy Traffic – The congested…
Pune’s Real Estate Boom – Is Now the Perfect Time to Invest?
By-Akash Pharande, Managing Director – Pharande Spaces Pune, one of India’s most vibrant real estate markets, has experienced rapid changes over the past few years. Latest data from leading real estate consultancies show a scenario of strong housing price increases and ongoing changes in market dynamics, pointing towards further price hikes in the future. According to real estate consultants Anarock, Pune and the Mumbai Metropolitan…
The Future of Urban Living – The Sustainable Communities of Tomorrow
By – Akash Pharande, Managing Director – Pharande Spaces I travel a lot to understand how different countries address their urban sprawl because we use such insights to design integrated townships here in India. In fact, one result of these travels was our partnering with a globally acclaimed architect who helped us recreate a global residential experience in India. However, my main takeaway from this…
Analyzing Indian Real Estate During Election Years
By – Akash Pharande, Managing Director – Pharande Spaces The political atmosphere in India has a big impact on the property market, just like it does in other countries – especially during general election seasons. Election cycles have had a discernible impact on the real estate market over the last twelve years. What should end users and investors expect after the forthcoming general elections? Let’s…