Housing Demand

Realty firm Godrej Properties' sales bookings is expected to rise 22 per cent this fiscal to a record Rs 41,500 crore, beating annual guidance on strong demand for its housing properties, according to its Chairperson Pirojsha Godrej. In an interview with PTI, Pirojsha Godrej noted that consumer demand has been "quite strong" in the company's new as well as ongoing residential projects across all markets where it has a presence. Even for the overall real estate market, he said the housing demand has "held up" and is "quite steady" despite the West Asia crisis causing global economic uncertainties. Pirojsha said the company was on track to meet annual guidance or exceed it across all key metrics, including sales bookings, launches, collection of funds from customers, deliveries of projects and land acquisition. "In the second half of the financial year, we expect anywhere between Rs 22,500 crore and 25,000 crore of sales. Even the bottom end of that gets us to past guidance, and the

Magicbricks' PropIndex report showed housing demand rose 8.2 per cent in July-September 2026, with premium homes gaining traction, though demand stayed below year-ago levels

Housing sales fell 6 per cent to 1.03 lakh units in the July-September quarter across nine major cities, mainly due to subdued demand and lower fresh supply of homes, according to PropEquity. Global economic uncertainties also contributed to muted buying sentiments. Real estate data analytics firm PropEquity tracks primary residential markets in nine major cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Housing sales in these nine cities fell to 1,03,170 units in July-September from 1,09,420 units in the year-ago period, according to data. New supply fell to 98,165 units from 1,00,330 units during the period under review. Housing sales generally are slow during the July-September quarter because of monsoon rains, discouraging real estate developers from launching projects. Sales improve in the December quarter on account of festive demand. To cash in on this demand, developers increase fresh supply and also offer many incentives t

Developers are becoming more calibrated in their launch strategies, while homebuyers are showing greater scrutiny around prices, payment terms and product quality

Realty firm Puravankara on Monday reported a 28 per cent growth in sales bookings to Rs 1,439 crore for the first quarter of this fiscal on better volumes as well as average price realisation. In a regulatory filing, the Bengaluru-based firm shared its operational update for the April-June period of the 2026-27 fiscal. The collection of funds from customers rose 40 per cent year-on-year (YoY) to Rs 1,199 crore. In volume terms, sales area rose 9 per cent to 1.36 million square feet. The average price realisation increased 18 per cent year-on-year to Rs 10,589 per sq ft. During the June quarter, Puravankara handed over 0.94 million sq ft, delivering 745 homes. "With this strong start to the year, we remain firmly on track to achieve our 202627 sales guidance of Rs 11,200 crore across the Southern and Western regions, and we are confident of building on this momentum through the remainder of the year," said Ashish Puravankara, Managing Director of Puravankara Ltd. As of March 31, 2

Housing demand remains resilient and project financing is better than in previous cycles, says Anarock

Puravankara plans to invest up to Rs 2,000 crore in FY27 as it expands launches across southern India and Mumbai amid stable housing demand

After a four-month, $115 billion rout, investors are losing faith in a business model centered on the most-populous nation's army of young engineers, which gave it a wage advantage

Developers are offering flexible payment plans like 10:90 schemes and deferred payments to boost home sales while keeping property prices unchanged amid affordability concerns

Industry stakeholders say stable borrowing costs will sustain homebuyer confidence, support demand across residential and commercial segments, and provide predictability amid economic uncertainty

Housing sales fell 4 per cent annually in the January-March quarter to 84,827 units across eight major cities, driven by high property prices and market uncertainty stemming from the West Asia conflict, according to Knight Frank. Housing Sales stood at 88,361 units in the January-March period last year. Sales of residential properties declined in Mumbai, Delhi-NCR and Pune, but increased in the other five cities -- Bengaluru, Hyderabad, Chennai, Ahmedabad and Kolkata. According to Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, the moderation in residential demand warrants closer attention, particularly as it follows a sustained multi-year upcycle. "While this phase can be partly attributed to a natural consolidation after strong growth, the continued rise in prices alongside softening volumes indicates growing pressure on affordability and absorption," he said. At the same time, Baijal said the volatile geopolitical situation has also ...

Infra push, regulatory ease and rising rental incomes sees spike in asset management inquiries

Realty firm Prestige Estates Projects Ltd has reported a 39 per cent increase in its sales bookings to Rs 4183.6 crore in the third quarter of this financial year on better demand for its housing properties. In a regulatory filing late Wednesday, the Bengaluru-based company informed that the company's sales bookings or pre-sales jumped over two times to Rs 22,327.3 crore during the first nine months of this fiscal year. Irfan Razack, Chairman & Managing Director, Prestige Estates Projects Ltd, said, "The record-breaking performance delivered in the first nine months of FY26 is a strong validation of the demand environment for our portfolio and the strength of our execution platform." "Achieving our highest-ever sales and collections, surpassing even previous full-year peaks within just nine months, reflects the trust customers continue to place in the Prestige brand and the consistency of our market positioning," he added. Sales volume stood at 2.99 million sq ft in the third ...

Ayodhya, Varanasi & Mathura in top bracket, says Housing Commissioner Balkar Singh

In the first eleven months of 2025, Mumbai recorded over 1.35 lakh registrations, contributing more than Rs 12,224 crore to the state

Buyer and investor interest in India's hill property markets has grown 8.2% YoY in Q3 2025, led by improved connectivity, lifestyle upgrades, and flexible work options, according to Magicbricks

Police have registered a case against a real estate developer and others for allegedly defrauding homebuyers of Rs 100 crore by promising flats in Mumbai's Wadala area and diverting the funds for personal use, officials said on Thursday. The police's Economic Offences Wing (EOW) registered the case on Wednesday after the preliminary enquiry based on a complaint filed by 62-year-old Chartered Accountant Anil Dron, a resident of Kandivali in Mumbai, an official said. The accused -- real estate developer Subbaraman Anand Vilaynur, his wife Uma Subbaraman, B P Gangar Constructions and others -- collected Rs 100 crore from 102 persons in the name of 'Sky 31' housing project in Wadala (West) since 2018, promising each a flat, he said, quoting the complaint. After collecting money from the victims, the accused allegedly conspired to divert the funds to their personal and other bank accounts instead of using them for the housing project, the official said. The accused also sold one flat t

Real estate developers expect GST cuts on inputs and festive buying sentiment to spur housing demand across luxury, mid-segment and Tier-2 cities after a lull in sales

Indian government's decision to cut GST rates on various products will increase purchasing power of consumers and boost demand for residential properties in the upcoming festive season, according to realtors' body CREDAI. The association, which has a 13,000 members from across India, said the construction cost is expected to come down because of reduction in GST rates on cement and few other building materials. The association, which is organising its annual event CREDAI-NATCON here, asserted that the benefit of GST rationalisation would be passed on to customers, provided cement companies and other manufacturers of building materials bring down their rates. New GST rates are applicable from September 22. Addressing a press conference on late Thursday, CREDAI Chairman Boman Irani said, "GST rationalisation has generated feel good factor among people. There is a positive sentiment among consumers, which is a good sign ahead of festival season". CREDAI President Shekhar Patel said th

Housing plots worth Rs 2.44 lakh crore have been launched in past three and half years because of higher demand post-Covid pandemic, according to PropEquity. Real estate data analytic firm PropEquity data showed that nearly 4.7 lakh residential plots have been launched by developers between January 2022 and May 2025 across 10 tier-I and tier-II cities. These cities are Hyderabad, Indore, Bengaluru, Chennai, Nagpur, Jaipur, Coimbatore, Mysore, Raipur and Surat. "The estimated launch value of the residential plots in 10 tier I-II cities between 2022 and 2025 (May) is approximately Rs 2.44 lakh crore," PropEquity Founder and CEO Samir Jasuja said in a statement on Tuesday. The demand for residential plots has risen in the past few years as this asset class is more liquid with potential of higher appreciation than apartments, he added. Jasuja said many prospective customers prefer plots as they desire to customise their living space. As per the data, the supply of residential plots i