Page 5 - Home Sales

Housing sales rebound to 65% of pre-Covid, new launches at 79% of Q4FY20

Affordable and mid-segment housing units priced up to Rs 80 lakh formed 72% of total new supplies

Home sales up 34% QoQ in third quarter of calendar 2020, velocity down: JLL

The expected time to liquidate stock has increased from 3.6 years in Q2 of 2020 to four years in Q3, says a report by JLL Research

Sales of new homes surged 4.8% in August to annual rate of 1 million units

Sales of new homes rose by a very strong 4.8 per cent in August to a seasonally-adjusted annual rate of 1.01 million units.

Coronavirus impact: Home sales drop 42% in March quarter, says Anarock

The National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune have accounted for 84 per cent of the sales in the first quarter of the year.

Housing sales drop 18% due to shraddh period, ban on subvention: Report

In the last quarter, home sales had fallen 13 per cent on a yearly basis

As builders focus on building cheaper apartments, home sales jump in Mumbai

Sales in Mumbai rose 22% in 2019 even though a persistent credit crunch and economic slowdown curtailed recovery in India's housing sales across top seven cities

Home sales in top 7 cities beat slowdown, up 16% at Rs 1.5 trn in 2019

In value terms, MMR (Mumbai Metropolitan Region) topped the list with housing sales worth Rs 62,970 crore

GST Council cuts tax on under construction residential houses to 5%

The council also decided to lower the tax rate on affordable housing projects to 1% from 8%

Home sales up 25% in H1 on rise in buyer confidence on Rera: Survey

Around 64,080 homes were sold in the top seven cities during the January-June period

Launches of residential units increase 40% in June quarter, says study

Bengaluru saw a 32% growth in home sales in Q2,2018

Realtors reject CRISIL's forecast on home sales

Housing sales fell 35% across eight major cities in the July-September quarter, as demand slowdown continued in the property market

Demand for homes may not revive in 12-18 months: CRISIL

Homes sales in top 10 cities including the Mumbai Metropolitan Region, Kolkata & Bengaluru, among others have declined at a compound annual growth rate of 8% since 2011

Home sales recover as Mumbai touches 7-yr high

Across the eight cities, sales rose 21% in the first quarter after 15% decline in the fourth quarter

US pending home sales fall; housing market recovery intact

Contracts fell in the Northeast, Midwest and South, but surged 5.8% in West

US existing home Feb sales fall more than expected from 10-year high

Fall comes amid a shortage of homes in market that is pushing up prices, sidelining buyers

Home sales down 44% in Oct-Dec 2016, Delhi and NCR hit most

This resulted in a Rs 22,600 crore revenue loss to the builders, according to Knight Frank

Demonetisation and real estate: Resale luxury market comes to halt

Flats priced Rs 5-10 crore are considered premium in Mumbai and those above Rs 10 crore luxury

Recent uptick in home sales to sustain if prices don't rise

Market will recover in 3-4 years when supply starts stagnating and if there's a significant reduction in interest rates on home loans

Amid slowdown, Lodha, Oberoi, Wadhwa clock record home sales in Mumbai

Observers, however, say this is only for some segments

New home launches up 27% in Jan-Mar qtr at 31,200 units

Developers bet big on affordable segment to boost sluggish sales