Premium home boost to India's housing market, overall sales at 9-year high
1 year, 10 months ago

Premium home boost to India's housing market, overall sales at 9-year high

India Today  

India saw a spurt in housing prices as soon as it stepped out of the pandemic. Housing sales, prices rise hand-in-hand Mumbai and Bengaluru are among the top five best-performing Asia-Pacific residential markets in terms of annual price growth in the second half of 2022. While housing prices in Mumbai and Bengaluru rose by 7 per cent annually, housing prices in Delhi surged by 6.8 per cent in the second half of 2022, according to Knight Frank’s Asia-Pacific Residential Review Index. 2.46 lakh units were sold in the pre-pandemic year 2019, which rose to 3.13 lakh in 2022 in the top eight cities, shows the Knight Frank research data. The share of housing units priced in excess of Rs 1.5 crore rose from 11 per cent in 2019 to 17 per cent in 2022, data shows.

India Bengaluru Delhi Mumbai Prices Cent 2022 Housing Prices Housing Units  indias  premium  demand  overall  high  market  housing  units  rose  lakh  sales  9year  2022  cent  prices  rs  boost

History of this topic

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol
6 days, 1 hour ago

Yearender 2024: Luxury homes redefine wealth as real estate becomes ultimate status symbol

India TV News  

The year 2024 marked a significant shift in India’s real estate market, with luxury homes emerging as the ultimate status symbol for the country’s wealthy. Record-breaking deals across cities This year witnessed record-breaking transactions in the luxury real estate market. Several factors are driving the affluent class towards luxury real estate: Wealth growth: The 2024 Hurun Rich List reported a …

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity
2 weeks, 4 days ago

Avg housing prices up in 23 major tier II cities; rates fall in 5 small towns: PropEquity

Live Mint  

New Delhi, Dec 5 The weighted average prices of housing projects launched across 23 tier-II cities during January-September this year increased up to 65 per cent, while rates fell in five cities, according to PropEquity. According to data compiled by real estate data analytic firm PropEquity, Jaipur saw the maximum 65 per cent rise in weighted average prices to ₹6,979 …

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report
2 weeks, 4 days ago

Average Apartment Sale Price In India Hits Rs 1.64 Crore In 2024: Report

ABP News  

India saw the sale of 2.3 lakh homes valued at Rs 3.8 trillion in the first nine months of 2024, with an average sale price of Rs 1.64 crore per apartment, driven mainly by premium projects, particularly in Delhi NCR, according to global real estate consultancy firm JLL. “With capital values surging and being at an all-time high, close to …

Housing prices in Tier II cities see up to 65 per cent surge: Report
Trending News
2 weeks, 5 days ago

Housing prices in Tier II cities see up to 65 per cent surge: Report

New Indian Express  

The weighted average price of new launch projects in the top 30 Tier II cities increased by up to 65 per cent between 2023 and October 2024, according to a report by NSE-listed data analytics firm PropEquity. In North India, Jaipur recorded the highest rise in the weighted average price of new launch projects at 65 per cent, increasing from …

India’s Affluent Buyers Fuel Luxury Housing Boom
3 weeks ago

India’s Affluent Buyers Fuel Luxury Housing Boom

Live Mint  

Mumbai leads the Luxury Housing Surge with Rs. 114,529 crore sales in first half of FY 2024-25: Report Mumbai Leads Luxury Housing Surge Mumbai, December 02: The luxury housing market in India is witnessing a remarkable surge, driven by a growing preference for exclusivity, enhanced lifestyles, and premium living spaces. "The luxury housing market in India is evolving beyond just …

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey
3 weeks ago

Home prices in India to rise 6.5% in 2025, driven by demand from wealthy: Survey

Deccan Chronicle  

Average home prices in India are set to rise steadily over the coming years driven mainly by demand from wealthy individuals, while the rising cost of living will make owning a property unattainable for most people, a Reuters poll found.While India's middle class tightens its belt, cutting back on everything from tea to two-wheelers due to soaring consumer inflation, the …

Real estate prices: Delhi-NCR’s housing prices surge by 30% YoY, Bengaluru witnesses 24% increase
3 weeks ago

Real estate prices: Delhi-NCR’s housing prices surge by 30% YoY, Bengaluru witnesses 24% increase

Hindustan Times  

Average housing prices across the top eight markets in India increased by 11% YoY at ₹11,000 per sq ft during Q3 2024 on the back of sturdy demand and positive market sentiments. Average housing prices across the top eight markets in India increased by 11% YoY at ₹ 11,000 per sq ft during Q3 2024 on the back of sturdy …

Rate cuts may help optimize home affordability, Kolkata most affordable housing market
3 weeks, 6 days ago

Rate cuts may help optimize home affordability, Kolkata most affordable housing market

Hindustan Times  

Most real estate markets across the country, especially Mumbai and Pune are expected to approach optimal affordability levels by 2025 with a projected interest rate cut on the horizon, while Kolkata is set to maintain its status as the most affordable market, potentially hitting new peaks, according to JLL’s Home Purchase Affordability Index. Rate cuts may help optimize home affordability …

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment
1 month ago

Mumbai and Delhi among top APAC cities to record highest price growth in the luxury housing segment

Hindustan Times  

Mumbai and Delhi-NCR are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. Mumbai and Delhi are among the top cities in the Asia Pacific region to record the highest annual price growth in the luxury housing segment. The average price for the prime residential market in the …

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank
1 month ago

Mumbai and Delhi rank among the fastest-growing luxury real estate markets in Asia-Pacific: Knight Frank

Live Mint  

India’s real estate sector is experiencing a boom fueled by robust economic growth, infrastructure upgrades, and evolving lifestyle aspirations. In Q3 2024, the city recorded an 11.5 per cent year-on-year increase in luxury real estate prices, which now average $953 per square foot. Shishir Baijal, Chairman and Managing Director of Knight Frank India, emphasised, "India's residential real estate sector is …

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr
1 month ago

Bengaluru Residential Market Heats Up: Q2FY25 Sales Cross Rs 15,739 Cr

The Hindu  

The Bengaluru residential market grew remarkably in the second quarter of fiscal year 2024–25. Bengaluru Residential Market Trends: Area & Budget Wise As an additional point of interest, the research notes the fact that during the quarter spanning July to September, around 86% of all real estate transactions were concentrated in the price category of less than one crore. Views …

Renting Crisis Grips Cities, Pushing Up Property Prices
1 month, 3 weeks ago

Renting Crisis Grips Cities, Pushing Up Property Prices

The Hindu  

The cost of renting homes has shot up by 26-67 percent in the last three years in key micro markets in India’s seven biggest cities. This is having an increasingly larger impact on the current incomes of the population that rents. The sharp increase in the high cost of renting is having an increasingly larger impact on the current incomes …

Experts Weigh in on India's Real Estate Future: Will Prices Crash?
1 month, 3 weeks ago

Experts Weigh in on India's Real Estate Future: Will Prices Crash?

Live Mint  

Real estate experts in India are divided on whether prices will crash in the sector. While some, like Irfan Razack, the Chairman of Prestige Group, believe that real estate prices will never fall due to the country's high population and urbanisation, others, like Nirupa Shankar, Executive Director at Brigade Group, believe that the sector will continue to grow.

Bengaluru's Rental Housing Market Rejuvenates: Experts Say
2 months ago

Bengaluru's Rental Housing Market Rejuvenates: Experts Say

Hindustan Times  

Bengaluru's rental housing market returns to normalcy, with average rent per month increasing by 4% in 2024 compared to 2023. While the rate of increase has stabilized, it is still higher than pre-pandemic levels. The market is expected to see annual increases in rentals to the tune of 4-8%, while property prices are expected to register a rise of 5-10%. …

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals
2 months, 3 weeks ago

Housing market ‘is reviving’ amid growth in house prices and mortgage approvals

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. “These trends have helped to improve affordability for prospective …

Bangalore and Hyderabad: Leading India’s Real Estate Surge
3 months, 2 weeks ago

Bangalore and Hyderabad: Leading India’s Real Estate Surge

The Hindu  

Tech cities like Bangalore and Hyderabad, are seeing massive market growth in 2024 in the real estate landscape of India. A Report on Bangalore and Hyderabad Real Estate Surge by Anarock: It has been reported by Anarock that the demand for housing in Bengaluru and Hyderabad has surged by more than 80 percent in certain areas since the year 2020. …

India’s luxury housing sales rise; what is driving premium real estate demand?
3 months, 3 weeks ago

India’s luxury housing sales rise; what is driving premium real estate demand?

Live Mint  

Housing sales in India hit an 11-year high of 1.73 lakh units between January and June, according to a report by global real estate consultants Knight Frank. The luxury housing segment contributed around 41 per cent of the real estate sector's sales growth from January to June. Delhi-NCR sold around 3,300 luxury homes in the first half of 2024, a …

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study
3 months, 3 weeks ago

India's Housing Market Sees Demand For Homes With Rent Between Rs 20K-30K Soar: Study

ABP News  

Indians are increasingly demanding for rental units in the range of Rs 20,000 to Rs 30,000 per month, a latest study revealed. The rent range of Rs 10,000 to Rs 20,000 was the second highest in demand at 22 per cent in the domestic housing market. Meanwhile, Delhi saw individuals preferring units with a rent range of Rs 50,000 to …

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report
3 months, 3 weeks ago

Average housing prices up 12% annually in April-June; NCR sees maximum appreciation of 30%: Report

Hindustan Times  

Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30%, a report by Credai, Colliers and Liases Foras has said. Average housing prices increased by 12% annually across eight major cities across the country with Delhi-NCR witnessing the highest price rise of 30% Positive homebuyer sentiment and …

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list
4 months ago

Mumbai ranks 2nd, New Delhi 3rd in global property price index; Manila tops the list

Hindustan Times  

Mumbai and New Delhi have recorded an annual increase in their real estate prices at 13% and 10.6% respectively, while Bengaluru has witnessed a modest 3.7% rise. Mumbai and New Delhi have recorded a sharp annual increase in their real estate prices at 13% and 10.6% respectively The Prime Global Cities Index is a valuation-based index tracking the movement of …

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA
4 months, 2 weeks ago

Housing sales across top 7 cities expected to witness double digit growth in 2024-2025: ICRA

Hindustan Times  

Presenting a stable outlook for the residential real estate sector in financial year 2024-25, credit rating agency ICRA Limited on August 7 said that housing sales across the country’s top cities - Mumbai Metropolitan Region, National Capital Region, Bengaluru, Hyderabad, Pune, Kolkata and Chennai - are expected to witness double digit growth in 2024-2025. Housing sales across top 7 cities …

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share
4 months, 2 weeks ago

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share

Hindustan Times  

Hyderabad’s high-end housing segment, comprising homes priced between ₹1-2 crore, has grown to account for almost half of the city’s residential sales and launches, a joint report by CBRE and CREDAI Telangana has said. High-end housing demand rises in Hyderabad; ₹ 1-2 crore units secure over 50% share According to the report, sales in the ₹1-2 crore segment, which held …

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units
5 months, 1 week ago

Affordable housing launches drop 21% in April-June period across 7 major cities as builders focus on premium units

Hindustan Times  

Real estate developers' focus on the premium housing segment priced between ₹3-5 crore led to launches growing by around 170% year-on-year, luxury segment priced above ₹5 crore followed with 116% growth. Real estate developers' focus on the premium housing segment led to launches growing by around 170% year-on-year, luxury segment followed with 116% growth, a report by JLL said New …

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report
5 months, 1 week ago

Mumbai’s luxury housing sales up by 8% in H1 2024; touch ₹12,300 crore: Report

Hindustan Times  

Mumbai saw sales of luxury homes, priced ₹10 crore and above, touch ₹12,300 crore during the January to June period which was an 8% increase over the first half of the 2023 calendar year, according to a report by India Sotheby's International Realty and CRE Matrix. Mumbai’s luxury housing sales grew 8% in H1 2024 to touch ₹ 12,300 crore …

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket
5 months, 1 week ago

Real estate sales in H12024: Mumbai luxury housing deals drive growth, most buyers in 35-55 age bracket

Live Mint  

The real estate market of India is going through premiumisation and the luxury housing segment accounted for 41 per cent of sales growth in the first half of 2024, according to a Knight Frank India real estate sector report. Mumbai's luxury realty sector recorded a cumulative highest-ever half-yearly sales from luxury housing at ₹12,300 crore in the first half of …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
5 months, 1 week ago

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger

Hindustan Times  

Housing sales in the top eight cities fell 6% during the April-June period of 2024 compared to the previous quarter and new launches came down with both homebuyers and developers adopting a wait-and-watch approach ahead of the Lok Sabha polls, a quarterly analysis by digital real estate brokerage firm PropTiger.com showed. Housing sales in the top eight cities fell 6% …

Bengaluru Real Estate Prices have soared by 57% increase
5 months, 2 weeks ago

Bengaluru Real Estate Prices have soared by 57% increase

The Hindu  

Bengaluru Real Estate prices have jumped by 57% as per a report which has been released by Anarock. Bengaluru real estate In H1 2024, the housing sales were higher than the new launches with approximately 34,100 units being sold which was an 11% increase compared to the previous year. The report added that this represents a potential diversification of the …

Housing Prices In Delhi NCR & MMR Climb 49% In 5 Years: Report
5 months, 2 weeks ago

Housing Prices In Delhi NCR & MMR Climb 49% In 5 Years: Report

News 18  

India’s two leading realty hotspots NCR and MMR have recorded breaking residential property sales. “Latest Anarock Research data finds that NCR recorded a 49% five-yearly jump in average residential prices between H1 2019 and H1 2024 – from Rs 4,565 per sq. residential prices b/w H1 2019 & H1 2024 MMR saw average residential prices appreciate 48% in the period …

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report
5 months, 2 weeks ago

Bengaluru's residential property prices jumped 57 per cent in the last 5 years: Report

Hindustan Times  

Residential property prices in Bengaluru have jumped 57 per cent in the last 5 years, as per 'Bengaluru's Real Estate - Your Gateway to Opportunity' report released by ANAROCK. The housing sales in Bengaluru exceed new launches in the first half of 2024 with about 34,100 units sold - up 11 per cent over H1 2023. The average office rentals …

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales
5 months, 2 weeks ago

Luxury realty booms: Homes above Rs 1 cr now 41% of India's housing sales

Business Standard  

India's residential real estate market is experiencing a surge in activity, fueled by a robust economy and growing demand for luxury living. A new report by Knight Frank, titled "India Real Estate: Residential and Office, revealed that the first half of 2024 witnessed a significant jump in residential unit sales across India's top eight cities, including Mumbai, Delhi-NCR, Bengaluru, Pune, …

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
5 months, 2 weeks ago

Luxury homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline

Hindustan Times  

Housing sales hit an 11-year high with 1.73 lakh units sold across the top eight Indian cities. NCR and Mumbai accounted for almost half of premium category sales in H1 2024, a new report by Knight Frank India showed. Home sales surged by 11% YoY to touch 1.73 lakh units sold across the country’s top eight markets in H1 2024, …

Housing Rental Market Trends in India Across Top Cities 2024
6 months ago

Housing Rental Market Trends in India Across Top Cities 2024

The Hindu  

Housing rental market trends in India indicate that slightly over sixty-four percent of renters intend on becoming homeowners four years from now, there are still thirty-six percent who opt for renting homes rather than investing in their own. City-Wise Rental Market Trends in India for Top Cities in 2024 1. Hyderabad Rental Market Trends: In the second quarter of 2024, …

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises
6 months ago

Top Indian Cities See 50% Drop In Rental Growth As Housing Supply Rises

News 18  

With more supply hitting the top 7 cities’ markets, overheated housing rents are stabilising. Latest Anarock data shows that average residential rental prices across key markets in these cities saw a 2-4% quarterly rise in Q2 2024 to date over the preceding quarter. Sohna Road and Dwarka saw their respective quarterly rents increase by 3% and 2% in Q2 2024; …

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment
6 months, 1 week ago

Modi 3.0: Cabinet’s nod to 3 crore rural and urban homes under PMAY to help revive the affordable housing segment

Hindustan Times  

Hours after taking office for a third consecutive term, Prime Minister Narendra Modi's new Union Cabinet announced its first major policy decision to provide assistance for the construction of an additional three crore rural and urban houses under the Pradhan Mantri Awas Yojana. This, say real estate experts, is aimed at ensuring continuity to the Housing for All scheme and …

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth
7 months, 1 week ago

Avg housing prices increase by 10% in Jan-Mar across top 8 cities; Bengaluru and Delhi-NCR witness 19% and 16% growth

Hindustan Times  

Average housing prices increased by 10% annually during Q1 2024 on the back of strong residential demand. While each of the top eight cities witnessed annual price appreciation, average housing prices in Bengaluru, Delhi NCR, Ahmedabad, and Pune registered double digit growth, a report has said. Bengaluru witnessed the maximum price increase of 19% Bengaluru witnessed the maximum price increase …

Share of luxury homes' sales now almost at par with affordable housing units
7 months, 1 week ago

Share of luxury homes' sales now almost at par with affordable housing units

Hindustan Times  

The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing has seen a sharp decline, dropping to 20% from 37% in the same period, data shared by Anarock has shown. The share of luxury housing sales has jumped to 21% from a mere 7% five years ago but affordable housing …

Luxury Home Sales Up 10 per Cent, Hyderabad Sees 2x Growth
7 months, 3 weeks ago

Luxury Home Sales Up 10 per Cent, Hyderabad Sees 2x Growth

Deccan Chronicle  

Chennai: Sales of luxury homes witnessed 10 per cent growth in the March quarter, while Hyderabad saw the highest growth of 110 per cent. The luxury segment housing units priced Rs 4 crore and above recorded a 10 per cent growth during Jan-Mar ’24. According to CBRE, new launches in the luxury segment saw 64 per cent growth during the …

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities
7 months, 3 weeks ago

Luxury homes priced over ₹4 crore record 10% Y-o-Y growth in Jan-March 2024 across top seven cities

Hindustan Times  

Luxury housing units priced more than ₹4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. Luxury housing units priced more than ₹ 4 crore and above recorded a 10% Y-o-Y sales growth during January to March 2024 across seven major cities. As per the data for sales of housing units …

Indian housing market outlook bullish, consumer sentiments positive: Report
7 months, 4 weeks ago

Indian housing market outlook bullish, consumer sentiments positive: Report

Business Standard  

Consumers sentiments in India's housing market remain positive despite a rise in prices, according to realty portal Magicbricks. "Despite inflationary pressures, the Housing Sentiment Index across India remains robust with strong buyer confidence," it said in a statement. The survey revealed a positive market outlook for the Indian residential real estate sector with an overall HSI of 149. Magicbricks said …

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report
8 months, 2 weeks ago

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report

Hindustan Times  

Homes worth ₹1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com Homes worth ₹ 1.11 lakh crore were sold in the January to March 2024 period with housing sales increasing by 68% in value terms, according to a report by PropTiger.com In …

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand
8 months, 3 weeks ago

Luxury homes priced above ₹50 crore and above witness a 1.5X y-o-y increase; Mumbai dominates demand

Hindustan Times  

Luxury homes priced ₹50 crore and above have seen a surge in sales value from ₹2,859 crore in 2022 to ₹4,319 crore in 2023, an increase by almost 1.5X. Luxury homes priced ₹ 50 crore and above have seen a surge in sales value from ₹ 2,859 crore in 2022 to ₹ 4,319 crore in 2023, an increase by almost …

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai
9 months, 1 week ago

Real estate sector expected to touch a market size of $1.3 trillion by FY2034: Credai

Hindustan Times  

The real estate sector is projected to touch a market size of $1.3 trillion by FY 2034 and $5.17 trillion by 2047, according to a report by the builders’ apex body Confederation of Real Estate Developers’ Association of India. The real estate sector is projected to touch $1.3 trillion by FY 2034 and $5.17 trillion by 2047, Credai has said, …

Why are house prices so high in India? | In Focus podcast
9 months, 3 weeks ago

Why are house prices so high in India? | In Focus podcast

The Hindu  

February 29, 2024 04:10 pm | Updated 05:06 pm IST Housing is a basic requirement for dignity of life. But affordable decent housing remains a distant dream for most Indians, especially in urban India. Close to 17% of all households in urban India live in slums, with this percentage shooting up to 41% in a city like Mumbai and 29% …

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years
9 months, 3 weeks ago

Housing prices increase by around 20% in MMR, Bengaluru, Delhi-NCR and other cities in the last two years

Hindustan Times  

Amidst a positive economic outlook, housing demand has scaled up and property prices across the top eight cities in India have surged by around 20% in the last two years, a report by Credai, Colliers and Liases Foras has said. Bengaluru, Delhi NCR, and Kolkata have witnessed the highest rise in average housing prices at about 30% in 2023 compared …

Mumbai & Bengaluru In Top 10 APAC Residential Markets On Annual Price Growth: Report
10 months, 2 weeks ago

Mumbai & Bengaluru In Top 10 APAC Residential Markets On Annual Price Growth: Report

News 18  

Knight Frank, the international property consultancy, in its latest report Asia-Pacific Residential Review Index for H2 2023 cited that Bengaluru, Mumbai and NCR have found a place in the top 10 best-performing Asia-Pacific residential markets in terms of annual price growth in H2 2023. According to the review, 21 out of 25 Asia-Pacific cities have recorded positive annual price growth …

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units
11 months, 3 weeks ago

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4.76 lakh housing units were sold in 2023 in the top 7 cities, against 3.64 lakh units in 2022, a 31 per cent increase. In terms of supply, around 4.45 lakh new units were launched in …

Housing sales makes new peak in 2023
11 months, 3 weeks ago

Housing sales makes new peak in 2023

Deccan Chronicle  

Chennai: Housing sales in the top 7 cities have created a new peak in 2023, increasing 31 per cent over the previous year. Around 4,76,530 housing units were sold in 2023 in the top 7 cities, against 3,64,870 units in 2022 – 31 per cent increase. In terms of supply, around 4,45,770 new units were launched in 2023 against 3,57,640 …

Surging demand, soaring sales to keep real estate under arc lights in 2024
11 months, 3 weeks ago

Surging demand, soaring sales to keep real estate under arc lights in 2024

The Hindu  

India’s housing market defied logic this year to register all-time high sales as home buyers snapped up deals despite a jump in asking prices and the highest interest rates in six years. The real estate industry saw record sales of residential properties in terms of both volumes and value, real estate market data showed as consumers are increasingly buying into …

India jumps 18 spots to 14th position globally in annual home price movement in Q3 2023
1 year ago

India jumps 18 spots to 14th position globally in annual home price movement in Q3 2023

Hindustan Times  

India climbed 18 spots up to 14th rank in the global house price index in Q3 2023. Home prices in the country increased 5.9% year-on-year in the third quarter of 2023, according to the Knight Frank’s Global House Price Index. Home prices in India increased 5.9% year-on-year in the third quarter of 2023, according to the Knight Frank’s Global House …

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets
1 year ago

Analysts Welcome RBI’s Decision To Keep Rates Unchanged, Give Healthy Outlook For Markets

ABP News  

The RBI’s Monetary Policy Committee on Friday announced after its bi-monthly review meeting that it has decided to keep the repo rates unchanged at 6.5 per cent. Overall, at the margin, policy seems to be positive for markets.” RBI Decision Helpful For Housing Market Another analyst, Anuj Puri, Chairman, Anarock Group, noted that the regulator opted to keep the rates …

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