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 the same period. According to property consultants, new launch activity was significantly higher during Q2 of this year compared to the same period last year as businesses were better prepared. “Amidst ample new supply being launched, Bengaluru’s unsold inventory increased by 2% in a year – from approximately 60,390 units in Q2 2020 to approximately 61,480 units by Q2 2021-end.

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History of this topic

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: 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 …

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 …

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