Housing sales fell 29 percent during January-March period across seven major cities to 27,451 units while the value of unsold inventories swelled to Rs 3.65 lakh crore as buyers postponed their buying decisions amid COVID-19 outbreak, according to JLL
Housing sales in eight major cities increased marginally by 4 percent to 1.29 lakh units during the first half of this calendar year, largely driven by rise in demand of affordable homes, according to property consultant Knight Frank
GST cut on housing sales 'revolutionary step', will help to narrow down demand mismatch gap: Experts
Sales of under-construction houses were severely affected as there was no GST on completed homes. Developers had been demanding cut in GST rates
In the data released on Tuesday, the consultant said, housing sales in National Capital Region (NCR) rose by 18 percent during 2018 to 44,300 units from 37,610 units in the previous year.
Housing sale rises 6% in 8 major cities in 2018 as developers reduce prices, offer indirect discounts: Report
Compared with other property consultants, Knight Frank has reported the lowest rise in housing sales during 2018 at 6 percent
All cities, barring Mumbai, saw a decline in new home launches, mostly due to the introduction of the Real Estate Regulatory Act (RERA) and GST implementation
Housing sales stood at 1.10 lakh units across 42 major cities during January-May 2017 against 1.87 lakh units in the year-ago period, says realty analytics firm PropEquity
The company sold 130 flats in the Mumbai project, 500 flats in Greater Noida and over 450 units in Pune
The affordable housing segment is likely to make sizable gains after getting infrastructure status and both sales and launches are expected to improve from the current level
The net debt of India's largest realty firm was Rs 23,140 crore as on September 30, and increased further at the end of December
The property consultant has pegged the state government's notional loss on stamp duty at Rs 1,200 crore.
New launches also fell by 22 percent at 22,745 units from the previous quarter, while unsold stocks declined by 3 percent
Indian real estate market has managed to show positive tractions in the last six months and the projections look positive too.
Showing signs of revival, housing sales rose by 7 per cent in the country's eight major cities at 1.35 lakh units during January-June period of this year leading to a decline in unsold inventories, according to real estate consultant Knight Frank India.
Housing sales fell by 4 per cent to 2,63,720 units last year, lowest since 2010, in the eight major cities of the country on account of demand slowdown in the real estate market despite interest rate cut by the RBI.
Housing sales fell by 42 percent in the national capital region during the first eight months of 2012 calendar year and developers are looking at offloading their housing stocks in the festival season.