Page 6 - Housing Sales

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

Higher demand pushed residential prices up 6% in April-June quarter: Report

During the April-June period, housing sales across the eight major cities experienced an 8% increase to 80,250 units

Residential sales between January and June touched 15-year-high: JLL report

The highest residential sales were recorded in Bengaluru followed by Mumbai and Pune

Unsold housing stock drops 21% in Delhi NCR in April-June quarter: Anarock

It is the steepest drop of available stock among the top seven cities in India

Housing sales rise 15% in Jan-June in 8 cities; Delhi-NCR demand falls 26%

Housing sales across eight major cities rose 15 per cent in January-June despite slackening demand in Delhi-NCR, Bengaluru and Kolkata, according to real estate brokerage firm PropTiger. Sales of residential properties increased to 1,66,090 units in the first half of the 2023 calendar year from 1,44,950 units in the corresponding period of the previous year. As per the data of a housing brokerage firm, housing sales in Delhi-NCR declined 26 per cent in January-June this year to 7,040 units from 9,530 in the year-ago period. Bengaluru saw an 11 per cent decline in sales to 14,210 units from 16,020 units, while Kolkata witnessed a dip of 31 per cent to 4,170 units against 6,080 units. However, housing sales in Ahmedabad rose 23 per cent to 15,710 units from 12,790 units. Chennai saw a 2 per cent increase in sales to 6,680 units from 6,520 units, while Hyderabad witnessed a 24 per cent rise to 17,890 units from 14,460 units. In Maharashtra's top two property markets, sales were up 2

Mumbai, Pune to push housing sales to all-time high this quarter: Anarock

Earlier, the peak was reached in the quarter that ended on March 31 this year with a sale of 113,780 units

Indian among contenders for Dubai's most expensive house for sale

Two people have viewed the home in past three weeks. One is an Indian client who already owns three properties in Emirates Hills; his wife is on the fence, leaning toward something more contemporary

Housing prices surge to 59% on high demand; Delhi-NCR sees highest rise

Housing prices in Delhi-NCR rose the maximum, by 16 per cent, in the January-March period among top eight cities on better demand and higher construction cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' apex body CREDAI, real estate consultant Colliers and data analytic firm Liases Foras on Wednesday released their joint 'Housing Price-Tracker Report Q1 2023'. As per the report, housing prices across the top eight cities rose 8 per cent year-on-year (Y-o-Y). Delhi-NCR saw the highest increase in residential prices at 16 per cent YoY, followed by Kolkata and Bengaluru with 15 per cent and 14 per cent YoY increase respectively. The report mentioned that housing prices in Delhi-NCR have seen a steady rise since the last 11 quarters. "Notably, Dwarka Expressway witnessed a significant price rise at 59 per cent YoY, largely led by opening of Central Peripheral Road and the loop connecting Dwarka expressway with NH-8," it said. Housing prices in Golf Course R

Housing sales clocked a record of Rs 3.47 trillion in FY23: Anarock

The Mumbai Metropolitan Region (MMR) saw the highest market share in terms of both value and volume in FY23

New projects account for 41% housing sales in Q1CY23 in top 7 mkts: Anarock

Share of newly launched homes was much lower in the same period of CY19, with just 26% homes sold in new projects out of about 78,520 units

Housing sales in FY23 up 48% at Rs 3.47 trn due to higher volumes: Anarock

Housing sales rose 48 per cent year-on-year to Rs 3.47 lakh crore during the last fiscal across seven major cities on higher volumes and better price realisation, according to Anarock. Real estate consultant Anarock reported that sales of residential properties in value terms increased to Rs 3,46,960 crore last fiscal from Rs 2,34,850 crore in 2021-22. In volume terms, sales grew 36 per cent to 3,79,095 units in 2022-23 from 2,77,783 units in the previous year. The data pertains to the transactions of primary (fresh sale) housing market. "India's residential real estate segment continues to show boundless forward momentum, and is setting unprecedented benchmarks," said Anuj Puri, Chairman, Anarock Group. According to the data, housing sales in Delhi-NCR rose 42 per cent to Rs 50,620 crore last fiscal from Rs 35,610 crore in the previous year. In Mumbai Metropolitan Region (MMR), sales grew 46 per cent to Rs 1,67,210 crore from Rs 1,14,190 crore. Housing sales in Bengaluru incre

Unsold housing stock declines 6% in Jan-Mar in 14 cities: Report

Unsold housing stocks fell 6 per cent during January-March to nearly 5.18 lakh units across 14 cities compared to the previous quarter on better sales, according to data analytic firm PropEquity. Unsold inventories stood at 5,17,879 units during January-March this year against 5,48,217 units in the preceding quarter. During the first quarter of this calendar year, housing sales stood at 1,23,938 units while new launches were 93,600 units. "The residential market in India saw significant growth in Q1 2023. Market resurrection has been brought about by the recovery trend since last year, with quarterly sales surpassing the new launches in this quarter by 32 per cent," said Samir Jasuja, Founder and Managing Director at PropEquity. Sales have surpassed new supply in the first quarter, which is a healthy sign for the residential market, he added. According to the data, unsold stock in Delhi remained flat at 793 units in January-March as against 790 units in the previous quarter. In ..

M3M India FY23 sales bookings jump over two-fold to Rs 13,000 cr

Realty firm M3M India on Monday said its sales bookings jumped more than two-fold to record Rs 13,000 crore during the last fiscal on better demand for housing and commercial properties. The Gurugram-based company, in a statement, said it has "recorded the highest ever sales of Rs 13,000 crore, which is 113 per cent higher when compared to the sales of Rs 6,100 crore in FY22". Among listed entities, Macrotech Developers (Lodha Group) and Godrej Properties have already reported sales bookings of over Rs 12,000 crore each in the last fiscal. DLF's sales bookings are expected to be around Rs 15,000 crore, while Bengaluru's Prestige Group is also estimated to clock sales bookings of around Rs 12,000 crore. Giving further details of its operational performance in 2022-23, M3M said its sales bookings of housing properties increased more than two-fold to Rs 9,307 crore from Rs 4,022 crore in the previous year. The company's sales bookings in commercial properties rose 78 per cent to Rs 3

Housing inventory overhang lowest in 5 years on the back of robust sales

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months