Housing Prices

Macrotech acquires 10 land parcels in FY25 for Rs 24K cr housing projects

Real estate firm Macrotech Developers acquired 10 land parcels last fiscal to develop housing projects with a total sales value of nearly Rs 24,000 crore, as it seeks to expand business amid strong demand. Listed entity Macrotech Developers, which sells properties under Lodha brand, had given a guidance for 2024-25 that it would be acquiring land parcels having a revenue potential of Rs 21,000 crore. To expand its business, the company acquires land parcels outright as well as forms partnerships with landowners to develop housing projects. In its latest operational update, Macrotech Developers said it has acquired two new land parcels in Pune with GDV (gross development value) of Rs 4,300 crore. During the full 2024-25 fiscal, the company acquired 10 land parcels with around Rs 23,700 crore of GDV across MMR (Mumbai Metropolitan Region), Bengaluru and Pune, surpassing its full year guidance of Rs 21,000 crore. Out of the total 10 land deals, the company did not mention the numbe

Housing Price Index in NCR rises 17 points in Dec on high demand: Report

Housing Price Index (HPI) in Delhi-NCR increased 17 points in December last year compared to September on high demand, according to Housing.com and ISB report. The Housing Price Index (HPI), a joint initiative by online real estate advisory platform Housing.com and the Indian School of Business (ISB), tracks changes in the selling prices of new residential properties over time. As per the report, "property prices have shown a dramatic rise in the National Capital Region as reflected in the HPI reading of 195 points in December 2024". The average price in Delhi-NCR is Rs 8,105 per square feet. "The HPI reading for NCR showed a 17-point jump in December when compared to the reading seen in September. The price rally is primarily being fuelled by the demand for larger premium properties," the report said. Housing.com and ISB said that the prices are likely to continue to rise in Delhi-NCR. Dhruv Agarwala, Group CEO, Housing.com & PropTiger.com, said, "Firming up prices tells a story

Bengaluru's Thanisandra Rd housing prices up 67% in 3 years: Anarock

Bengaluru's two key micro-markets -- Thanisandra Main Road and Sarjapur Road -- have witnessed 67 per cent and 63 per cent growth, respectively, in housing prices in the last three years, according to Anarock. Real estate consultant Anarock's data showed that average housing prices at Sarjapur Road rose 63 per cent to Rs 9,850 per square feet at the end of 2024 from Rs 6,050 per square feet at 2021-end. Thanisandra Main Road witnessed a 67 per cent growth to Rs 8,900 per square feet from Rs 5,345 per square feet. The average monthly rental rose 76 per cent in Sarjapur Road to Rs 36,900 from Rs 21,000. In Thanisandra Main Road, the average monthly rental growth went up 62 per cent to Rs 33,200 from Rs 20,500. Commenting on the trend, Angad Bedi, CMD of BCD Group, said Thanisandra Main Road and Sarjapur Road in Bengaluru exemplify the changing pattern of the real estate sector. "Renting provides financial convenience in the short run. Nevertheless, for long-term benefits, property

Housing prices rise 10% in Oct-Dec in 8 cities, Delhi-NCR tops list: Report

Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024. "Interestingly, average housing prices have been on a rising spree for the 16th consecutive quarter, starting 2021," the report said. Price appreciation was evident in all the eight major cities. CREDAI National President Boman Irani said, "The sustained growth in housing prices underscores the strong confidence among homebuyers, driven by a preference for spacious living and lifestyle upgrades." "While evolving preferences and lifestyle upgrades remain key motivators, cost pressures in construction and land acquisition are als

UK home asking prices show biggest early-year rise since 2020: Rightmove

Britain's housing market gained some momentum last year on hopes that borrowing costs would continue their fall although slower-than-expected rate cuts sapped some demand

Housing prices may see modest growth in 2025, say property experts

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Real estate developers and property consultants are expecting that the RBI will cut the repo rate this year, enabling banks to lower interest rates on home loans. They also hope for some fiscal incentives in the upcoming Budget to boost supply and demand for the affordable housing segment, which has lost sheen in the past few years. New home sales across seven major cities declined for the first time since the pandemic, as a sharp rise in housing prices and still elevated borrowing costs ruined the appetite of buyers in 2024. Sales volume declined 4 per cent during 2024 to 4,59,650 units across seven major cities, while new supply fell 7 per cent to 4,12,520 units, data from consultant Anarock showed. That was the first drop in sales after three .

Pace of price growth for housing properties expected to moderate next year

Potential homebuyers must ensure they don't overstretch themselves financially

Housing prices up by 11% in 8 cities; Delhi-NCR highest at 32% rise: Report

India's eight major cities saw an average 11 per cent increase in housing prices annually during the September quarter on strong demand, with Delhi-NCR witnessing the highest appreciation at 32 per cent, according to a report. Realtors' apex body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras on Monday released their joint 'Housing Price-Tracker Report Q3 2024'. "Average housing prices across the top eight markets in India rose 11 per cent Y-o-Y (year-on-year) at Rs 11,000 per sq ft during Q3 (July-September) 2024, led by sturdy demand and positive market sentiments," the report said. The average housing prices have increased for the 15th consecutive quarter since 2021. All the eight major cities saw an annual increase in housing prices, the consultant said. Delhi-NCR witnessed the highest rise at 32 per cent Y-o-Y, followed by Bengaluru at 24 per cent Y-o-Y rise during the July-September period. According to the data, the average housing prices in .

Home prices in India to rise 6.5% in 2025 due to demand from wealthy: Poll

After rising 4.3 per cent last year, home prices in India - broadly referring to housing in major cities - were expected to rise 7.0 per cent this year, 6.5 per cent in 2025 and 7.5 per cent in 2026

As housing prices surge in top cities, there are ways to strike a good deal

Expensive property may force you to make some compromises but make sure you don't sacrifice the essentials

Housing sales dip 11% in third quarter of CY24 in top 7 cities: Report

Market stabilising and 'demand-supply equation robust', says property consulting company ANAROCK

Already expensive house prices to get modest boost from rate cuts: Poll

Most central banks were expected to start cutting interest rates sometime this year, or have already done so, with the US Federal Reserve predicted to start at its Sept. 17-18 meeting

Avg housing prices in top 8 cities surge 12%; Delhi-NCR sees highest rise

Excluding MMR, unsold inventory levels declined by about 5 per cent QoQ across the eight cities

Avg housing prices up 90% in Bengaluru's Bagaluru; 79%at Dwarka Expressway

Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR ranked 4th with 79 per cent average appreciation, according to Anarock. Real estate consultant Anarock analysed price trends in the top 3 micro-markets of the 7 major cities, based on the maximum new supply seen in the last five years. As per the data, Bengaluru's Bagaluru recorded the highest price appreciation of 90 per cent between 2019-end and June this year. "Average residential prices at Bagaluru jumped from Rs 4,300 per sq ft in 2019 to Rs 8,151 per sq ft in H1 2024," Anuj Puri, Chairman at Anarock, said. Hyderabad's Kokapet is ranked second with 89 per cent price appreciation. Prices rose from Rs 4,750 per sq ft in 2019 to Rs 9,000 per sq ft in H1 2024. Bengaluru's Whitefield ranked third, with an 80 per cent rise in residential prices during the period. Average prices increased to Rs 8,600 per sq ft in H1 2024 from Rs 4,765 per sq ft in 2019. NCR's Dwarka

Signature Global to launch housing projects worth Rs 13k cr by March: CMD

Realty firm Signature Global will launch multiple housing projects with a revenue potential of around Rs 13,000 crore by March next year to expand business and encash strong demand. Signature Global Chairman Pradeep Kumar Aggarwal said, "We have launched one housing project worth around Rs 3,000 crore in the first quarter of 2024-25. We have a strong launch pipeline for the remaining three quarters". "We are looking at launching more housing projects in Gurugram, Manesar and Sohna belt. These upcoming projects will have a revenue potential of around Rs 13,000 crore," he added. Gurugram-based Signature Global, which got listed on the stock exchanges last year, is one of the leading real estate developers in the country. Asked about the execution of projects, Aggarwal said the company is focusing a lot on the timely delivery of projects. "We will invest around Rs 2,500 crore this fiscal on the construction activities," he said. On sales performance, Aggarwal expressed confidence th

Macrotech Developers to launch 17 housing projects worth Rs 12K crore

Macrotech Developers will launch in this fiscal 17 housing projects, having a revenue potential of Rs 12,000 crore, to boost its sale bookings that hit a record in 2023-24 riding on strong demand. According to an investors presentation, Macrotech Developers-- which markets its properties under Lodha brand -- will launch 10 new projects and 7 new phases in existing residential projects during 2024-25 across Mumbai Metropolitan Region (MMR), Pune and Bengaluru. The total area to be launched is estimated at 10.1 million square feet with an estimated gross development value (GDV) of Rs 12,100 crore. However, the company said the guidance for launch pipeline of this fiscal might shoot up as it might acquire more land parcels and be able to launch in this financial year itself. Even during FY24, Macrotech Developers cited that the company launched projects worth Rs 18,000 crore as against the guidance of Rs 13,000 crore. Macrotech Developers, one of the leading real estate developers in

Growth in housing prices may moderate in FY25 to 5% annually: India Ratings

Housing demand and prices are likely to moderate this fiscal on a high base effect with sales expected to rise 8-10 per cent and rates by around 5 per cent annually, India Ratings and Research (Ind-Ra) said on Tuesday. The rating agency has maintained a neutral outlook for the residential real estate sector for the 2024-25 fiscal. "Absorption and prices are likely to be supported by affordability and stability of interest rates. However, given the high base of FY24, the growth rates are likely to taper down," Ind-Ra said in a statement. The residential real estate market registered a strong performance during the first nine months of the 2023-24 fiscal where the sales growth exceeded 25 per cent year-on-year (Y-o-Y) for the top eight real estate clusters, despite price increases and sticky interest rates. "With most regions witnessing a surge in prices, Ind-Ra expects the pre-sales growth to moderate to 8 to 10 per cent yoy in FY25. Inventory levels have also risen over FY24 in the

Housing prices up 83% along Dwarka Expressway; may rise further: Experts

Average housing prices in projects along Dwarka Expressway in Gurugram have risen 83 per cent in the last 10 years and are likely to appreciate further with the opening of a 19 km stretch, according to real estate experts. Earlier this month, the Prime Minister inaugurated the 19 km stretch in Gurugram out of a total 29 km long Dwarka Expressway. According to data compiled by real estate consultant Anarock, around 53,000 housing units were launched between 2013 and 2023, and out of that over 80 per cent have already been sold. The average prices in the primary (first sale) residential market along Dwarka Expressway have surged to Rs 8,300 per square feet (sq ft) last year from Rs 4,530 per sq ft in 2013. Commenting on the outlook of real estate along Dwarka Expressway, Signature Global Chairman Pradeep Aggarwal noted that Dwarka Expressway has emerged as the epicenter of real estate growth in the Delhi-NCR region. He expects demand-supply to remain strong on Dwarka Expressway, ..

Israel offers tax incentives to aid housing crisis for war evacuees

Following the start of the "Iron Swords" war the government evacuated more than 100,000 citizens from the areas surrounding Gaza and near the Lebanese border, mainly to hotels

Gurugram sees up to 45% price rise for premium homes in last one yr: Report

Prices of premium homes -- under construction and ready -- have increased up to 45 per cent in Gurugram in the last one year, according to Savills India. Real estate consultant Savills on Saturday released a report showing that prices of completed housing units have risen by 28-45 per cent in Gurugram during the last one year. Rates of under construction homes were up 12-45 per cent. In Noida, the prices rose by 27-36 per cent for completed units and 23-47 per cent for under construction residential properties. In Gurugram, the Savills report showed that New Gurugram and Dwarka Expressway were the top performing micromarkets with an annual growth of 45 per cent and 21 per cent, respectively in average capital values of under construction properties. Golf Course Road and Golf Course Extension Road & Souther Peripheral Road registered the highest average capital value appreciation for ready-to-move properties with a year-on-year increase of 45 per cent and 39 per cent, ...