Page 5 - Housing Sales

Sale of homes priced above Rs 4 cr comprises 5% of total, says report

Mumbai top in the sale of such homes in March quarter, demand falls in Delhi NCR from a year ago

Housing sales up 68% in Jan-Mar to Rs 1.1 trn on higher volumes: Report

Housing sales rose 68 per cent in value terms to nearly Rs 1.11 lakh crore during the January-March period across major cities on higher volumes as well as price appreciation, according to PropTiger. In its quarterly report 'Real Insight Residential JanuaryMarch 2024', real estate brokerage firm PropTiger.com said that housing sales in value terms rose to Rs 1,10,880 crore in the January-March period of this calendar year from Rs 66,155 crore in the year-ago period. Vikas Wadhawan, Group CFO of REA India and Business Head of PropTiger.com, said, "Growth in housing sales both in volume and value terms augurs well for the overall economy as more than 200 ancillary industries, including cement and steel, are dependent on the real estate sector." In terms of area, housing sales surged 63 per cent to 162 million square feet in the first quarter of this calendar year from 99 million square feet in the corresponding period of the previous year. Housing sales grew by 41 per cent to 1,20,6

Homes priced above Rs 1 cr corner highest share ever in total sales: Report

Those priced below Rs 50 lakh record dip in sales in January-March quarter: Knight Frank

Housing sales in Gurugram down 12% during Jan-Mar; up 19% in Noida: Report

Housing sales in Gurugram fell 12 per cent year-on-year in January-March, while the demand for residential properties increased in Noida by 19 per cent, according to Anarock. Real estate consultant Anarock's data showed that housing sales in Gurugram's primary market (first sale) declined 12 per cent to 8,550 units in the January-March period this year from 9,750 units in the year-ago period. In contrast, Noida saw a 19 per cent increase in housing sales to 1,600 units during January-March this year from 1,350 units in the corresponding period of the previous year. Commenting on the trend, Anarock Vice Chairman Santhosh Kumar said, "The demand continues to be strong in Gurugram. Still, sales dipped in the IT city due to a fall in new supply. Many builders did not get approvals to launch projects". There would be more launches of housing projects in Gurugram after the Lok Sabha election, he added. As per the data, housing sales in Greater Noida declined by 19 per cent to 2,350 unit

Housing sales in Jan-Mar rise 14%, average prices up 10-32%: Anarock

Housing sales have risen 14 per cent, while average prices are up 10-32 per cent across seven major cities during the January-March period of this year, as demand continues to be strong, according to Anarock. The sales of residential properties increased in Mumbai Metropolitan Region (MMR), Pune, Bengaluru and Hyderabad, but declined in Delhi-NCR, Chennai and Kolkata. On Wednesday, real estate consultant Anarock released its data for the top seven primary (first sale) residential markets in the country. As per the data, housing sales rose 14 per cent to 1,30,170 units during January-March quarter this year across top seven cities, from 1,13,775 units in the year-ago period. "The quarter has recorded the highest ever sales in the last decade amid a significant rise in demand for high-ticket homes priced Rs 1.5 crore and above," Anarock Chairman Anuj Puri said. Among cities, the housing sales in MMR rose 24 per cent to 42,920 units during January-March, from 34,690 units in the year

Luxury housing sales in India jumped 75% in 2023, threefold in Delhi: CBRE

The share of luxury homes, priced at or above Rs 4 crore, in total sales, also doubled in 2023

Improved affordability pushes home sales in India to a new peak in 2023

In 2024, experts suggest that home affordability, as well as sales, are expected to improve further on the back of cooling inflation and the likelihood of lower interest rates

Housing sales up 31% in 2023, 476,530 units sold in top 7 cities: Anarock

Housing sales rose 31 per cent this year to nearly 4.77 lakh units -- an all-time high -- across seven major cities, despite price appreciation by an average 15 per cent, and higher mortgage rate, according to Anarock. Real estate consultant Anarock on Thursday released the annual data of seven major primary housing market, showing that housing sales increased to 4,76,530 units this calendar year from 3,64,870 units in 2022. Anarock Chairman Anuj Puri said, "2023 has been phenomenal for the Indian housing sector, despite global headwinds, rising domestic property prices, and interest rate hikes over the first half this year." Housing sales in the top 7 cities breached the previous high of 2022, and new launches stayed in step with the current housing demand, he added. Puri said it was widely expected that rising property prices and interest rates, along with global market uncertainties, would impact residential sales, but high demand sustained. As per the data, Mumbai Metropolitan

India to register highest home sales since 2008 in 2023: JLL report

In the first 9 months of 2023, the highest sales were reported in the mid-segment homes, with a ticket size of Rs 50-75 lakh

India at 14th spot in housing cost rise in Jul-Sep with 5.9% growth: Report

India jumped 18 places to 14th rank in home price appreciation globally in September quarter, with nearly 6 per cent price rise year-on-year, according to Knight Frank India. Real estate consultant Knight Frank's Global House Price Index tracks nominal and real price growth across 56 countries in local currencies. Turkiye is at number one position with an annual 89.2 per cent appreciation, followed by Croatia (13.7 per cent), Greece 11.9 per cent, Colombia 11.2 per cent and North Macedonia 11 per cent. "Annual global house prices continue to rise despite central banks' efforts to combat inflation through higher interest rates. Average annual price growth stands at 3.5 per cent, closely approaching the pre-pandemic ten-year average of 3.7 per cent," Knight Frank said. Among the 56 markets monitored, 35 experienced annual price growth, while 21 witnessed price decline. "India climbed 18 spots to 14th rank in the global house price index in Q3 2023. The price increase of 5.9 per cent

Housing sales value to top 38%, cross Rs 4.5 trillion in 2023: Report

Sales value in nine months of 2023 exceeds that recorded in the whole of last year: Anarock Group

Housing sales up 22%, new launches grow 17% in Jul-Sep across top 8 cities

Housing sales rose by 22 per cent and new supply by 17 per cent year-on-year across eight major cities during the July-September period on better consumer demand, according to real estate digital platform PropTiger.com. Housing brokerage platform PropTiger, which is owned by REA India, released its 'Real Insight Residential - July-September 2023' report on Thursday. REA India also owns Housing.com and Makaan.com. Sales of residential units increased to 1,01,220 units in the third quarter of this year from 83,220 units in the same period last year across eight major cities -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, Pune, and Ahmedabad. All cities, except Chennai, registered a growth in sales, with Mumbai Metropolitan Region (MMR) and Pune accounting for nearly half of the total volume. New project launches rose 17 per cent to 1,23,080 units from 1,04,820 units during the period under review. "The housing markets in the top eight cities

Luxury homes the new realty in India: Sales surge 97% in nine months

The trend is expected to continue especially among the non-resident Indians (NRIs) and certain category of millennials with high disposable income

Home sales in India this year to be 30% higher than in 2022: Colliers

Industry numbers show that home sales this year have already crossed the total sales in 2022, the consultancy said

Signature Global sales bookings up 38% to Rs 1,861 cr during Apr-Sept

Realty firm Signature Global has reported a 38 per cent growth in sales bookings at Rs 1,861.39 crore in the first six months of this fiscal year, on better demand for its affordable and mid-income residential projects. Its sales bookings stood at Rs 1,353 crore in the year-ago period. Last month, Signature Global successfully launched its Initial Public Offering (IPO) to raise Rs 730 crore. The public issue, comprising fresh issue of shares worth Rs 603 crore and an offer-for-sale (OFS) of Rs 127 crore, was subscribed 11.88 times. According to its operational update, the company's sales bookings in volume terms rose to 1.90 million square feet during the April-September period of 2023-24 financial year, from 1.82 million square feet in the year-ago period. Signature Global collected Rs 1,327.45 crore during the first six months of this fiscal, from Rs 804.89 crore in the corresponding period of last fiscal year. Pradeep Kumar Aggarwal, Chairman and Whole-Time Director of Signatur

CREDAI asks developers to focus on green construction, seeks ITC in GST

The real estate sector has been growing phenomenally in the past two years on strong consumer demand and there is a need for developers to focus on green construction, realtors' body CREDAI President Boman Irani said on Friday. Irani was addressing the 21st CREDAI NATCON conference being held here. Around 1,400 real estate developers are participating in this event. "Real estate has been growing phenomenally," Irani said. Housing sales have risen sharply in the last two years as consumer demand revived strongly post-COVID pandemic. CREDAI Chairmam Manoj Gaur said it is the best time for the real estate sector and the momentum would continue if developers do not commit past mistakes. Irani highlighted the importance of the real estate sector, which is contributing 7-8 per cent to India's GDP. The CREDAI president pointed out that the construction sector contributes 26 per cent to global pollution and asked its developer members to focus on green development. "We have to be ...

Demand for luxury homes overtakes affordable ones for first time in India

The number of homes sold in India in July-September quarter this year touched a six-year-high: Knight Frank

India recorded all-time high sales of homes between July and Sep: Anarock

The rise in demand is notable given that the average home prices in the top seven Indian cities saw a double-digit yearly growth of 11 per cent in the quarter

Housing sales up 36% in top 7 cities to record 120,280 units: Anarock

Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent. Anarock highlighted that quarterly sales in July-September touched an all-time high. In housing data, sales of apartments, villas and independent floors are included while plots are excluded. Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales. Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent .

Home sales in Mumbai to cross Rs 1 trillion this year: JLL-Naredco report

In 2030, Mumbai is expected to clock housing sales worth Rs 2 trillion, it added