The rise was helped by pent up and festive demand, according to data analytic firm PropEquity
CREDAI suggested government to increase tax exemptions in upcoming Budget to boost housing demand and enhance limit of deduction under section 80C of income tax for principal repayment on home loans
The decision to rationalise risk weights woule particularly benefit borrowers of higher value loans
Ind-Ra said the residential real estate's volume and price growth are closely integrated with the GDP growth rate
At 42,000, new housing units launched during the period in the top seven urban clusters (NCR, MMR, Pune, Bengaluru, Kolkata, Chennai, and Hyderabad) fell even lower than post-demonetisation period
According to the data, Hyderabad saw the maximum increase of 9 per cent in basic selling price to Rs 5,434 per sq ft
Knight Frank's Baijal said unless demand picks up across all price segments, there won't be any real recovery in real estate
Overall sales during 2019, however, inched up while new launches grew 21 per cent year-on-year
Out of the 12 cities surveyed, 10 residential markets have shown positive market dynamics in the last quarter of the year, Magicbricks's PropIndex Report Q4 2019 said
Prices in Delhi-NCR remained stagnant at nearly Rs 4,600 per sq ft, while unsold inventories fell by 6 per cent to 1,75,079 units from 1,86,714 units
The nine cities included in the study are Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai
According to Crisil, high property prices have turned end-users into fence-sitters in most micro markets