Home Sales

Q1 home sales dip 19%, less than 1 lakh residential units sold in Jan-March

Against the backdrop of worsening geopolitical concerns that can deeply impact the domestic job market, sales fell in all key residential markets except Bengaluru and Chennai

Ajmera Realty clocks pre-sales worth Rs 1,080 crore in FY25, up 6%

Across FY25, the company launched projects including Ajmera Vihara, Ajmera Iris, and Ajmera Marina

Housing sales up 2% in Jan-Mar in 8 cities on strong demand: Knight Frank

Housing sales in the January- March period rose 2 per cent to 88,274 units across eight major cities as consumer demand for residential properties continues to be strong, according to Knight Frank. On Thursday, real estate consultant Knight Frank India released its report 'India Real Estate: Residential and Office (January-March 2025)' which showed stability in demand across primary (first sale) housing markets of eight major cities. During JanuaryMarch, the consultant said that primary residential sales reached 88,274 units, a 2 per cent annual increase over the year-ago period. Knight Frank data showed a marginal increase in sales during the latest March quarter, contrary to PropEquity and Anarock reports, which stated a 23 per cent and 28 per cent decline in housing demand in the first quarter of this calendar year. Shishir Baijal, Chairman & Managing Director of Knight Frank India, said, "The real estate market has remained strong in the face of rising concerns of overheating

Mhada allocates Rs 2,800 crore for redevelopment of Mumbai's BDD chawls

Mhada is in charge of the BDD Chawl Redevelopment Project as a nodal agency and planning authority

Godrej Properties sells homes worth over Rs 1,000 crore in Hyderabad

The Mumbai-based real estate developer sold over 300 homes at Godrej Madison Avenue in Kokapet, which marked the developer's entry into the city

Housing supply down 34%, sales drop 23% in top 9 cities in Q1CY25: Report

Supply drops below 100,000 units for the third straight quarter

Locks and Architectural Solutions aims Rs 2,500 crore in revenue by 2028

Locks and Architectural Solutions, a business unit of Godrej Enterprises Group, is targeting to reach Rs 2,500 crore revenue by 2028, a senior company official said. The company is the market leader with around 30 per cent share in India, Locks and Architectural Solutions Business Head Shyam Motwani told PTI on the sidelines of the press conference here. "We are targeting...to reach Rs 2,500 crore by the year 2028," he said, adding that the company continues to reinforce its position as India's most trusted and preferred locks brand, driven by cutting-edge innovation and an expanding digital product portfolio. "E-commerce and quick commerce have played a pivotal role in this transformation, with the company doubling its business in the online segment," Motwani said. With evolving safety needs, digital locks have emerged as a key growth driver, and are now, contributing 10 per cent of the business, he noted. "The digital lock segment has witnessed an impressive 45 per cent year-on-

Housing sales in top 15 tier-II cities rise 20% to Rs 1.53 trn: PropEquity

Housing sales across 15 top tier-II cities rose 20 per cent in value terms last calendar year to more than Rs 1.52 lakh crore on higher volume and price appreciation, according to PropEquity. Real estate data analytics firm PropEquity on Wednesday released the data for 15 major tier-II cities where total housing sales rose 4 per cent to 1,78,771 units in 2024 from 1,71,903 in the preceding year. In value terms, the sales increased 20 per cent to Rs 1,52,552 crore in 2024 from Rs 1,27,505 crore in 2023. These 15 cities are -- Ahmedabad, Surat, Vadodara, Gandhi Nagar, Nashik, Jaipur, Nagpur, Bhubaneswar, Mohali, Visakhapatnam, Lucknow, Coimbatore, Goa, Bhopal and Trivandrum. As per the data, housing sales rose the most in Coimbatore at 36 per cent and fell maximum in Visakhapatnam by 21 per cent in 2024. Bhubaneswar recorded the highest growth in sales value at 47 per cent while Nashik recorded a 2 per cent decline in sales value. Samir Jasuja, Founder & CEO, PropEquity, said, ..

Flats priced above Rs 5 cr see 80% growth, 15,532 such homes sold in 2024

Around 302,000 housing units got launched during 2024, the highest ever annual residential supply across top 7 cities.

Rs 4 crore+ luxury home sales rise 53% as upper-middle class drives demand

The Delhi-NCR region emerged as the largest market for luxury homes, recording a substantial rise in sales. In 2024, the region saw 10,500 units sold, compared to just 5,525 units in the previous year

Ashiana Housing sales bookings jump over 2.5 times to Rs 454 crore in Q3

Realty firm Ashiana Housing has reported over 2.5-fold jump in its sales bookings to Rs 454.31 crore in the quarter ended December on strong demand for its residential properties. The company's sales bookings stood at Rs 173.88 crore in the year-ago period. During April-December period of this fiscal, Ashiana Housing sales bookings increased to Rs 1,362.17 crore from Rs 935.68 crore in the corresponding period of the preceding year, according to the latest regulatory filing. During the third quarter of 2024-25 fiscal, Ashiana Housing sold 451 units as against 252 units booked in the year-ago period. Delhi-based Ashiana is one of the leading real estate developers in the country. The company is mainly into the housing segment and specialises in senior living homes. During the 2023-24 financial year, Ashiana Housing had sold properties worth Rs 1,798.22 crore. From the past 6-7 years, real estate developers having good track record of executing projects are gaining market share at

India's housing market in de-growth phase, pins hopes on upcoming Budget

New home sales in India declined for the first time since the pandemic, as a sharp rise in housing prices and elevated borrowing costs ruined buyers' appetite in 2024 and the real estate industry is now eyeing the upcoming Budget for favourable economic conditions -- a key to reviving demand conditions. The de-growth in the Indian housing market came after three straight years of stellar growth, following the COVID-era downturn, and was attributed in part to a high base in the previous year, a fall in supply of new homes and price appreciation. Anuj Puri, Chairman of Anarock, one of the leading housing brokerage firms in the country, termed the year 2024 as a "mixed bag" for the Indian residential market and noted that, while demand for the affordable housing segment was weak, sales and launches of luxury homes remained strong. India's residential real estate market, estimated to be valued at over USD 300 billion, faced a marginal 4 per cent drop in sales volumes during 2024, ...

Average apartment sale price in India reached Rs 1.64 crore this year: JLL

India's housing market is set to hit an all-time high in 2024, with an estimated Rs 5.1 trillion worth of homes across the top seven cities expected to be sold, according to JLL.

DDA schemes offer 40,000 flats in Delhi as part of affordable housing

Agency announces three projects that will offer homes at a starting price of Rs 11.5 lakh

Real estate demand to remain buoyant in India, says Abhinandan Lodha

Lodha firm targets Rs 2,400 cr revenue in FY25

Lok Sabha elections cool down home sales in April-June quarter: Report

Consumer sentiment still 'extremely positive' about real estate investments, it says

Home sales in India cool down after two years on high base, rising prices

Home prices in major cities increased 7% in April-June compared to quarter before, according to Anarock data

Home supply drops 13% in Apr-Jun due to fewer project launches: PropEquity

Fresh supply of housing units is estimated to decline 13 per cent during this quarter across nine major cities with builders launching less number of projects because of the general election, according to real estate data analytic firm PropEquity. PropEquity data shows that new housing supply in April-June is estimated to fall to 97,331 units across nine major cities as against 1,11,657 units in the year-ago period. Pune and Hyderabad are witnessing fewer launches during this quarter while the new supply in Delhi-NCR has almost doubled. Samir Jasuja, Chief Executive Officer & Managing Director of PropEquity, attributed the fall in new supply of housing units to the Lok Sabha election which took place in this quarter. The new supply is 7 per cent lower from the January-March quarter of this calendar year, he added. As per the city-wise data, new launches of residential properties in Delhi-NCR are likely to rise 95 per cent to 11,118 units during April-June this year from 5,708 ...

Beijing eases rules on multiple home purchases to fight property slump

Families who have reached the existing ownership limits will now be permitted to buy an additional home in the region beyond Beijing's fifth ring road

Apple pivots to housing for Indian factory workers. Plans 78,000 homes

'The massive employee housing initiative aims to enhance efficiency and provide security, particularly for migrant women employees,' said an official