Sales of residential properties across eight major cities grew 44 per cent in the January-March period this year to nearly 72,000 units as demand recovered, according to Knight Frank India.
The value of apartments sold in January to March 24, 2021 period added to Rs 39,880 crore
Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx
Average size of studio apartments was largest in the National Capital Region and smallest in the Mumbai Metropolitan Region, finds Anarock
Housing sales in volume terms is likely to decline 34 per cent this fiscal because of the COVID-19 pandemic, the report said
The rise was helped by pent up and festive demand, according to data analytic firm PropEquity
Housing sales in the national capital region (Delhi-NCR) plunged 50 per cent year-on-year during the 2020 calendar year to 21,234 units on low
During 2020, while unsold inventory levels improved, sluggish sales velocity in the middle of 2020 saw quarters taken to sell rise to an average of 10.1 quarters
Housing sales have picked up in recent months as the economy slowly limps back to normalcy. Therefore, a strong recovery along with better margins could re-rate stocks in HFC sector, analysts say
A new housing scheme of the Delhi Development Authority, with 1,355 flats on offer, was launched on Saturday
Bengaluru-based Shriram Properties CMD Murali Malayappan said the rising demand in the housing sector would only further emphasise that the year 2021 belongs to the real estate sector.
Housing sales across seven major cities are estimated to fall 47 per cent year-on-year to 138,000 units this year on lower demand because of the Covid-19, according to Anarock
The income tax relief provides incentive to the middle class to buy homes
ICRA said the uptick in absorption levels during the second quarter of FY2021 has been driven by affordable and mid/upper-mid segments.
The coming festive season is likely to witness a surge in demand for residential properties and the housing sales may rise 35 per cent across the top 7 cities during the Oct-Dec period on a QoQ basis
India's top eight cities have witnessed 70% fall in gross office space leasing and 43% dip in housing sales during July-Sept quarter compared with the year-ago period on lower demand amid Covid-19
Affordable and mid-segment housing units priced up to Rs 80 lakh formed 72% of total new supplies
During the January-September period this year sales have declined by 57 per cent to 87,460 units, from 2,02,200 units a year ago
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
Discounts, virtual tours, flexible payment options--players pulling out all stops