Page 5 - Housing Demand

Macrotech Developers' sales bookings up 57% to Rs 3,148 crore in Q2

Realty firm Macrotech on Thursday reported a 57 per cent increase in its sales bookings during the July-September quarter to Rs 3,148 crore on strong housing demand. Macrotech Developers, which sells its properties under the Lodha brand, is one of the leading real estate firms in the country. Its sales bookings stood at Rs 2,003 crore in the year-ago period. "Lodha achieved its best ever Q2 pre-sales performance of Rs 3,148 crore, showing a growth of 57 per cent on a YoY (year-on-year) basis," the company said in a regulatory filing. The company's sales bookings have reached Rs 6,004 crore, which is 52 per cent of its guidance of Rs 11,500 crore for the full 2022-23 fiscal. On operational performance, Abhishek Lodha, MD and CEO of Macrotech Developers said, "Despite this being the seasonally weakest quarter, it is the 2nd time in the last 3 quarters when we have surpassed Rs 3,000 crore of pre-sales, suggesting a strong underlying housing demand, the attraction of Lodha Brand amon

Housing sales up by 49% in July-Sept across 8 cities: PropTiger Report

Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices, according to PropTiger.com. Sales stood at 55,910 units in the same quarter last year. The sales have surpassed the pre-pandemic levels of 2019's Q3 (July - September), housing brokerage firm PropTiger.com said on Thursday in its quarterly report Real Insight Residential -- July-September 2022. "The real estate industry is bouncing back from the pandemic and subsequent disruptions," said Vikas Wadhawan, Group CFO, PropTiger.com, Housing.com and Makaan.com. Despite the slight increase in overall interest rates, he said the demand for housing has not dipped. He attributed the rise in demand to renewed thrust towards home ownership. As per the data, housing sales in Mumbai jumped over two-fold to 28,800 units in the third quarter of this calendar year, from 14,160 units in the corresponding pe

Demand for 3-bedroom homes higher than other choices for first time: Report

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

Rate hikes not to affect housing demand, Bengaluru to lead price rise: Poll

The buoyant outlook for India's housing market has barely changed in the last three months despite the Reserve Bank of India embarking on its most aggressive tightening cycle in a decade

Rising interest rates won't impact housing demand: HDFC chairman Parekh

A home loan is for a long tenor and during this period there are bound to be both upward and downward interest rate cycles, he said

Hike in interest rates by banks may hit housing demand: Realtors

Soon after the central bank Reserve Bank of India (RBI) raised the repo rate by 40 basis points, the banking sector imitated the same by increasing interest rates in lending and deposit schemes.

Why purchasing a house early in your career can limit your options

Changing city to pursue better career options, or taking a sabbatical for higher studies becomes difficult

New housing supply up 43% to 80k units across 6 cities in Jan-Mar: Report

Technology-led real estate consultant Square Yards sells homes on behalf of builders and facilities home loans to consumers

Sobha's FY22 sales bookings up 23% to Rs 3,870 cr on better housing demand

According to a quarterly operational update, the company's sales bookings in volume terms increased by 22% to 49,09,567 sq ft during the last fiscal from 40,13,581 sq ft in the 2021-22 fiscal year

Housing demand rises 4.6% QoQ in Q1, 2022; supply remains stable: Report

The prices of ready-to-move properties increased 1.7 per cent QoQ and 5.8 per cent year-on-year

Housing prices may rise 5% during 2022 on improved demand: Report

The report said that sales momentum is expected to continue in 2022 as prospective homebuyers' preferences for bigger homes, better amenities, and attractive pricing will keep them interested

Housing finance companies to grow at 8-10% in FY22, says report

Housing finance companies (HFCs) are likely to witness a growth of 8-10 per cent in fiscal 2022 helped by rise in economic and higher demand, says a report

PNB Housing Sept qtr net down 25% to Rs 235 cr even as housing demand rises

Consolidated interest income drops to Rs 1,500 cr from Rs 1,960 cr in the same quarter last year. NII down 23% to Rs 503 cr

Indiabulls realty arm's sales double to Rs 874 crore in H1FY22

According to an investors presentation, new sales stood at Rs 874 crore in the first half of this fiscal year from Rs 368 crore in the corresponding period of the previous year

Prestige group Q2 sales bookings up 88% to Rs 2,111.9 crore

Real estate firm Prestige Estates Projects Ltd on Monday reported an 88 per cent year-on-year growth in its sales bookings at Rs 2,111.9 crore for the quarter ending September on better housing demand

Oberoi Realty Q2 sales bookings jump over 2-fold to Rs 828.52 crore

Oberoi Realty Ltd on Thursday reported over two-fold jump in its sales bookings at Rs 828.52 crore for the quarter ended September on improved housing demand driven by low mortgage rates

Housing demand to rise on SBI's decision to offer loan at 6.7%: Realtors

India's residential property market is expected to witness a strong consumer demand during the festival season with various banks

Macrotech Developers to meet Rs 9,000-cr property sales target in FY22

The company's sales bookings stood at Rs 5,970 crore last fiscal year

It's the best time to buy a house for your own use, say analysts

Chances of realty prices declining further are slim

For realty developers, confidence builds on pent-up housing demand

Low interest rates, tax sops may encourage buyers