Housing demand strong across major cities but euphoria mellowing down: Pirojsha Godrej
1 month ago

Housing demand strong across major cities but euphoria mellowing down: Pirojsha Godrej

New Indian Express  

NEW DELHI: Demand for residential properties remains "very strong" across major cities but the euphoria seen in the last few years is mellowing down a little bit, said Pirojsha Godrej, the executive chairperson of Godrej Properties. The answer is 'No' because we have seen Rs 500 crore plus sales in our new housing project launches in five different cities across North, South, West and East India. "Euphoria that was there 6-12 months ago seems to have cooled off a little bit, but demand remains very strong," he observed. During the third quarter of this fiscal, Pirojsha highlighted that the company achieved sales of Rs 500 crore plus in five new launches in five cities -- Mumbai Metropolitan Region, Bengaluru, Gurugram, Pune and Kolkata.

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History of this topic

Demand for luxury housing improves in Delhi-NCR amid price fall, low interest rates
4 years ago

Demand for luxury housing improves in Delhi-NCR amid price fall, low interest rates

Live Mint  

The demand for luxury housing properties in the national capital has improved in the last six months on low prices and home loan interest rates, but there is a need to reduce stamp duty to give a further boost, according to industry experts. Addressing a webinar on luxury housing market of Delhi-NCR, India Sotheby's International Realty CEO Amit Goyal said …

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