Page 11 - Housing Sales

Housing sales reviving, end-user demand may strengthen: Mahindra Lifespace

Housing sales as well as enquiries from prospective homebuyers, which were badly hit during April-June due to the COVID-19 pandemic, have started to revive gradually and end-user demand is likely to strengthen in coming months, a top official of Mahindra Lifespace said on Thursday. In an interview with PTI, Mahindra Lifespace Developers MD & CEO Arvind Subramanian said the company did not witness much cancellation of apartments booked by customers as widely feared after the outbreak of COVID-19 and subsequent lockdown. "Just like the economy, businesses were severely challenged in the first quarter of this fiscal year. There was almost a standstill in housing sales and construction activities," he said. However, Subramanian said, "The good news is that our existing customers are committed to their bookings. We are not seeing a large cancellation which could have been one of the outcomes." He said the sales bookings and enquiries from customers in July increased as compared to the .

Housing sales dip 79% across top 8 cities in Apr-Jun over Covid-19 lockdown

According to the data, housing sales declined maximum 86 per cent 1,099 units in Hyderabad during April-June 2020, as against 8,122 units in the year-ago period

Covid-19 crisis: In 2020, housing launches fell below demonetisation levels

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

Covid-19 impact: Housing sales down 67% in April-June, says PropEquity

The supply of new units also dropped by 81% during the period to 11,967.

Housing sales down 67% in April-June due to Covid-19 lockdown: Report

Gurugram saw 79 per cent fall to 361 units for the period under review as compared to 1,707 units in same period last year

Housing sales may dip 81%, new launches expected to fall 98%, says report

New launches may plunge by 98% to only 1,390 units as against nearly 69,000 units in the corresponding period of 2019

Coronavirus: Housing sales may fall 35%, office space demand may shrink 30%

The pandemic would also adversely impact commercial (office and retail) real estate segment, which had been performing well during the last few years despite slowdown in the overall property market

Realty uptick: Top rated companies see bookings rise 2% to Rs 5,800 cr

Sales bookings of DLF, Sobha, Puravankara, Prestige Estates, Brigade Enterprises, Mahindra Lifespace Developers, Godrej Properties, Oberoi Realty and Kolte Patil have been taken into account

Housing sales fall 9% in December quarter amid economic slowdown

Sales and new launches fell further on a low base

Housing sales fall 9%, new supply down 10% in Oct-Dec on economic slowdown

Housing brokerage firm PropTiger recently reported 30 per cent fall in sales in nine cities during the October-December quarter

Realty developers hopeful about festive season after slew of govt reforms

According to major real estate players, there has been a sharp increase in enquiries over the past few weeks

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

Realty 2019: Housing sales remain sore spot; commercial segment takes lead

Housing sales rose by a mere 5% to 2,61,370 units in 2019 across seven major cities compared to 2,48,310 units in the previous year

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Housing sales decline 30% across 9 major cities in Q3 over poor demand

Sales in the residential property market fell 13 per cent to 2,63,294 units during the first nine months of this fiscal as against 228,220 units in the corresponding period of the previous year

Housing sales saw marginal rise in 2019 despite economic slowdown: Report

The residential property market in top eight cities recorded a growth of 1% year-on-year in sales volume in 2019

Housing sales in 2019 rise 6% to 46,920 units in Delhi-NCR, says Anarock

Across seven major cities, sales rose by 5 per cent to 2,61,370 units in 2019 compared to 2,48,310 units in the previous year

FY20 Housing sales in 7 cities may rise by mere 4% to 258,000 units: Report

Luxury and ultra-luxury segments remained limited to end-user interest, with no serious investor activity.

Housing sales of 9 listed players up 2% at Rs 5,520 cr in July-Sep: Report

On quarterly basis, their housing sales value increased 5 per cent from Rs 5,250 crore in the first quarter of 2019-20 to nearly Rs 5,520 crore in the second quarter.

9 listed housing firms' combined sales up 11% at Rs 5,300 cr in Q1: Anarock

According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19