Housing Sales: Demand To Be Strong In 2022; Uptick In Unit Launches Expected This Year
2 years, 7 months ago

Housing Sales: Demand To Be Strong In 2022; Uptick In Unit Launches Expected This Year

News 18  

After being hit by the COVID-19 pandemic for about two years, the residential sector is poised for a strong 2022 as both sales and new launches are set for a robust performance after exhibiting resilience last year. Housing sales in the March 2022 quarter jumped nearly 13 per cent quarter-on-quarter to over 70,000 units and sales rebounded significantly by about 40 per cent year-on-year, according to a report by real estate consulting firm CBRE South Asia. Pune led housing sales in the March 2022 quarter with a 27 per cent share, followed by Delhi-NCR, Mumbai and Bengaluru. “While we believe that mid-end and affordable categories would continue to drive sales, premium and luxury categories have also witnessed renewed investor interest, fuelled by the anticipated appreciation in capital values and increased activity by HNIs and NRIs,” said Gaurav Kumar and Nikhil Bhatia, managing directors for capital markets and residential business, CBRE India. An increase in real estate investments of 5-10 per cent y-o-y is expected over the 2021 investment value; and greenfield assets are likely to experience strong investment uptick, it said.

Mumbai Sales Pune Cent 2022 Unit Housing Sales Expected Launches Cbre New Launches Uptick Unit Launches  demand  midend  expected  launches  likely  2022  unit  housing  report  sales  strong  categories  cent  uptick

History of this topic

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
3 days, 2 hours ago

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity

Live Mint  

New Delhi, Dec 21 Housing sales are estimated to fall 21 per cent annually across nine major cities during October-December period to 1.08 lakh units on high base effect, according to PropEquity. Housing sales are estimated to fall in Hyderabad by 47 per cent to 12,682 units during October-December 2024 from 24,044 units in the year-ago period. In Bengaluru, sales …

Housing sales appear to be subdued on account of fewer new launches but consumer demand remains intact: Credai
3 months ago

Housing sales appear to be subdued on account of fewer new launches but consumer demand remains intact: Credai

Hindustan Times  

Housing sales may appear to be subdued because new launches have been few and far between. New project launches are all ‘sold out’ and there is no inventory, real estate developers said at the CREDAI NATCON event being held in Sydney on September 23. Demand for housing ‘evergreen’, new projects get ‘sold out’ as soon as they are launched and …

Hyderabad real estate: High-end housing demand up; ₹1-2 crore units secure over 50% share
4 months, 3 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 …

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches
4 months, 4 weeks ago

Bengaluru tops housing sales and launches pan India in Q2 2024, ₹1-3 crore homes capture 63% of new launches

Hindustan Times  

Bengaluru has emerged as the premier residential real estate market in India with 18,548 housing units sold and 16,537 homes launched during the April-June period of the ongoing calendar year, according to JLL Research. Bengaluru tops housing sales and launches pan India in Q2 2024 The IT capital accounted for approximately 21% of the total residential launches and around 23% …

Hyderabad experiences decline in residential sales in Q2 2024: Report
5 months, 1 week ago

Hyderabad experiences decline in residential sales in Q2 2024: Report

The Hindu  

Hyderabad experienced a significant drop in new residential launches during the April-June quarter of 2024. A recent report by PropTiger.com revealed that the city recorded sales of 12,296 residential units in Q2 2024, a 14% decrease from Q1 2024, which saw 14,298 units sold. The report, titled ‘Real Insight Residential-April-June 2024,’ highlighted that housing sales across India’s eight prime residential …

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 …

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% …

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, …

Share of luxury homes' sales now almost at par with affordable housing units
7 months, 2 weeks 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 …

Luxury segment dominates new housing launches in Q1 2024 with 34% share: Report
8 months, 3 weeks ago

Luxury segment dominates new housing launches in Q1 2024 with 34% share: Report

Hindustan Times  

The high-end and luxury segment continued to drive growth of the real estate sector with 34% share in new launches in the first quarter of 2024, said a report by Cushman & Wakefield. The high-end and luxury segment continued to drive growth of the real estate sector with 34% share in new launches in the first quarter of 2024 According …

Housing sales in top seven cities record 14% increase in Q1 2024; prices rise by 10-32%
8 months, 3 weeks ago

Housing sales in top seven cities record 14% increase in Q1 2024; prices rise by 10-32%

Hindustan Times  

As many as 1.30 lakh housing units were sold in Q1 2024 across the top seven cities on the back of increase in demand which is a 14% yearly rise against approximately 1.13 lakh units sold in January-March period in 2023, according to data shared by Anarock. As many as 1.30 lakh housing units were sold in Q1 2024 across …

Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha
11 months, 2 weeks ago

Housing demand trend to stay intact, says Jefferies; downgrades Prestige, Sobha

Live Mint  

The Indian housing market volumes surged 25% YoY in 2023, doubling in 3-years, and this positive trend in the residential real estate demand is expected to stay intact, said Jefferies. Top picks Jefferies downgraded Prestige Estate Projects to ‘Underperform’ from ‘Hold’ but raised its target price to ₹1,000 per share from ₹750 earlier. It also downgraded Sobha to ‘Hold’ from …

Hyderabad second largest real estate hub in 2023: report
11 months, 2 weeks ago

Hyderabad second largest real estate hub in 2023: report

The Hindu  

In 2023, Hyderabad emerged as the second-largest real estate hub in India, experiencing a 49% year-on-year growth in the sale of housing, according to the ‘Real Insight Residential – Annual Round-up 2023 ‘ report released by PropTiger.com. The report, which analysed data from eight major cities across India, highlighted Ahmedabad as the leading city with a 51% growth, followed closely …

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 …

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment
1 year, 4 months ago

EMIs Of Homebuyers Rise Over 20 Per Cent In Two Years In Affordable Housing Segment

ABP News  

Affordable housing in India suffered the most due to the Covid-19 pandemic, and unlike the other segments, has not recovered in the past two years. According to their report, the share of affordable housing in overall sales in H1 2023 shrunk to 20 per cent, an 11 per cent decrease against the corresponding period in 2022. The mounting desolation is …

Residential sales in eight cities second highest in a decade in H1 2023
1 year, 5 months ago

Residential sales in eight cities second highest in a decade in H1 2023

Hindustan Times  

MUMBAI: The residential sales in the top eight cities touched 1.56 lakh units in the first half of 2023, the second highest in a decade, said the half yearly report on real estate released by international property consultants Knight Frank on Tuesday. HT Image The luxury segment homes priced above ₹1 crore grew from 25% in H1 2022 to 30% …

Delhi-NCR Saw Lowest Sale Of Newly Launched Housing Units In Q1 2023: Report
1 year, 6 months ago

Delhi-NCR Saw Lowest Sale Of Newly Launched Housing Units In Q1 2023: Report

News 18  

While ready-to-move-in homes still top the wish-list of most home seekers in the top 7 cities, newly launched units are gaining increasing acceptance. 1.14 lakh homes sold in Q1 2023 across the top 7 cities, over 41% were in newly launched projects. At 30%, NCR saw the lowest sales share of newly launched units in Q1 2023. NCR saw the …

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023
1 year, 7 months ago

Hyderabad sees about 800% growth in luxury residential segment in Q1 of 2023

Deccan Chronicle  

HYDERABAD: The luxury residential segment witnessed continued momentum in sales and launch activity. According to a report ‘India Market Monitor Q1 2023’ released by real estate consulting firm CBRE South Asia, Delhi-NCR, Mumbai, Hyderabad, Pune and Kolkata saw the maximum traction for high-end units. Sales in Delhi-NCR surged by over 216%, Mumbai by 44%, Hyderabad by about 800%, Kolkata by …

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 …

Housing sales in metros at new peak in 2022; Mumbai tops list: Report
1 year, 11 months ago

Housing sales in metros at new peak in 2022; Mumbai tops list: Report

Hindustan Times  

Housing sales in the top metropolitans in India have created a new peak in 2022, breaching the previous high of 2014. About 364,900 units were sold in 2022 against 236,500 units in 2021 across the top 7 cities, a rise of 54 on a yearly basis, data from real estate consultancy firm Anarock showed. The last peak was seen in …

2022: the year that was
2 years ago

2022: the year that was

The Hindu  

After the initial COVID-19 pandemic wave and the ensuing enforced lockdowns, India’s residential market has been expanding at a breakneck rate. “The Indian real estate sector witnessed one of its most extensive turnaround years this year, something that hasn’t happened in the past 10 years.”Abhishek KapoorCEO, Puravankara Ltd., Bengaluru The phenomena in the year 2022 were undeniably conducive to the …

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report
2 years, 1 month ago

Housing prices see 6% rise during Q3 of 2022 in top 8 cities: Report

Hindustan Times  

Housing prices across the top eight cities, namely Delhi-NCR, MMR, Kolkata, Pune, Hyderabad, Chennai, Bengaluru, and Ahmedabad, continue to grow at 6 per cent year-on-year during July-September of 2022 amidst robust housing demand and quality launches by top developers, a report said on Wednesday. Owing to the spike in launches in the past few quarters, around 94 per cent of …

Post-covid housing prices surge, sales swell in the second quarter of FY23
2 years, 1 month ago

Post-covid housing prices surge, sales swell in the second quarter of FY23

Live Mint  

India’s housing sector has seen a sharp revival in demand and supply on the back of buoyant consumer sentiments and has caught up to its pre-pandemic levels this fiscal. Yet, our Housing Price Index, tracking eight key real estate markets in India, and jointly developed by housing.com and the Indian School of Business, captured strong consumer sentiment driving investment in …

India's residential real estate sales at 9 year-high in 2022: Knight Frank
2 years, 5 months ago

India's residential real estate sales at 9 year-high in 2022: Knight Frank

Hindustan Times  

India's residential real estate segment has recorded a 9-year high in terms of sales volume during the first half of 2022, said London-headquartered global property consultancy firm Knight Frank. During January-June 2022, launches of new housing units recorded a growth of 56 per cent year-on-year at 160,806 units. The residential space saw an annual growth of 60 per cent during …

Chennai records rise in sale of residential units
2 years, 5 months ago

Chennai records rise in sale of residential units

The Hindu  

The Chennai residential market registered a 21% year-on-year growth in sales during the first half of 2022. According to data collated by Knight Frank India in its latest report, India Real Estate: H1 2022, Chennai recorded sale of 6,951 housing units in the first half of 2022 compared to 5,751 housing units sold during the corresponding period in 2021. Srinivas …

Housing Realty: High Interest Rates Moderate Sales In June Quarter
2 years, 5 months ago

Housing Realty: High Interest Rates Moderate Sales In June Quarter

News 18  

Amid rising interest rates in the country after the RBI’s recent repo rate hikes and increasing property prices, housing sales in seven major cities saw a moderation of 15 per cent in the June 2022 quarter to 84,930 units, compared with 99,550 units in the March 2022 quarter, according to a report by real estate consultancy firm Anarock. The report …

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23
2 years, 7 months ago

Housing Sales: Demand Expected To Continue Going Forward; Volume May Jump 12% In FY23

News 18  

After being hit by the COVID-19 pandemic and coming to almost a standstill for two years, the real estate market has now started gaining momentum. The momentum is expected to continue in 2022-23 on the back of strong demand, and housing sales may jump around 12 per cent year-on-year in the current financial year, according to a report by India …

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate
2 years, 11 months ago

Real Estate Recap: From Luxury Housing to Govt Support, 2021 a Golden Year for Real Estate

News 18  

As we move into 2022, the residential real estate industry will continue to pave a new path of growth, innovation, technology, and investments. 2021 – The golden year for residential realty Luxury housing to grow further – In 2021, we witnessed that the luxury homes have been a preference for most buyers. Several dynamics will continue to impact the multiple …

Will the current boom in housing sales continue in 2022?
3 years ago

Will the current boom in housing sales continue in 2022?

The Hindu  

The demand for housing stands redefined post the COVID-19 pandemic. Exemplary revival It is interesting to observe that since 2020 nearly 2.90 lakh units have been launched across the seven major cities in the country and sales recorded were approximately 2.83 lakh units. Despite rising sales and launches, the available inventory has risen marginally by 3% on year at 6.55 …

Second wave dealt blow to real estate sector’s slow revival
3 years, 4 months ago

Second wave dealt blow to real estate sector’s slow revival

The Hindu  

Buoyed by signs of revival that were seen after the first wave, the real estate sector saw quite a few new launches. But no one expected the second wave of COVID-19 infections to be as vicious as it was and that dealt a severe blow, to the extent that the sector’s performance remained a tad poorer than last year for …

Housing sales in Chennai may increase at least 30% in 2021; prices may rise up to 5%: Report
3 years, 9 months ago

Housing sales in Chennai may increase at least 30% in 2021; prices may rise up to 5%: Report

Live Mint  

Housing sales in Chennai is likely to increase by at least 30 per cent this year, while prices may rise by up to 5 per cent on the revival of demand for residential properties because of lower interest rates and economic recovery, property brokerage firm PropTiger said on Wednesday. "Strong sales velocity is likely to happen in 2021, owing to …

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