Note ban could trigger 30 pc drop in housing prices, wipe off Rs 8L cr in value
8 years, 4 months ago

Note ban could trigger 30 pc drop in housing prices, wipe off Rs 8L cr in value

India TV News  

The real estate sector is all set to be hit by the demonetisation process with estimates suggesting a sharp decline in property prices following the government’s drastic move to ban high-denomination currency notes. According to PropEquity, an online subscription based real estate data and analytics firm, residential property prices across the country may drop by up to 30 per cent over six to 12 months. "In the aftermath of demonetisation impact on Indian real estate sector, market value of property of Rs 8,02,874 crore is expected to be wiped off in the next six to 12 months," it said in a statement today. "According to PropEquity research, residential real estate valuation in the top 42 cities in India, sold and unsold, will take a tumble and fall up to 30 per cent from Rs 39,55,044 crore by approx Rs 8,02,874 crore to Rs 31,52,170 crore," it added. "Indian realty is now bracing for sub-prime level crisis, which is expected to deeply impact the core of unorganised real estate and black money," PropEquity said.

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History of this topic

Hyderabad real estate market: Property registrations dip by 16% annually to 5900 units
1 week, 5 days ago

Hyderabad real estate market: Property registrations dip by 16% annually to 5900 units

Hindustan Times  

Hyderabad registered 5,900 properties in February 2025, down 16% from 7,135 in the year-ago period. The total value of registered properties stood at ₹3,925 crore, down 10% from ₹4,362 crore in February 2024, as per data from the Telangana Registration and Stamps Department analysed by Knight Frank India. The total value of registered properties stood at ₹ 3,925 crore, down …

Planning to buy land in Mumbai? See what $1 million gets you
1 week, 6 days ago

Planning to buy land in Mumbai? See what $1 million gets you

India Today  

Mumbai's property prices have always been high, and over the years, it has become even more expensive. In 2014, Rs 8 crore could get you 102 sq m of property in Mumbai, but in 2024, it bought only 99 sq m, according to Knight Frank’s ‘The Wealth Report’. While this may seem like a small change, it reflects the rising …

Housing sales in Gurugram cross ₹1 lakh crore in 2024, Delhi-NCR pips Mumbai and Hyderabad: PropEquity
2 weeks, 6 days ago

Housing sales in Gurugram cross ₹1 lakh crore in 2024, Delhi-NCR pips Mumbai and Hyderabad: PropEquity

Hindustan Times  

Delhi-NCR has pipped Mumbai and Hyderabad to emerge as the top selling housing market across nine cities in 2024 owing to 66% growth in sales value in Gurugram alone. With this, Delhi-NCR has breached the ₹1 lakh crore sales value threshold, a report by PropEquity, a real estate data analytics firm has said. Delhi-NCR has pipped Mumbai and Hyderabad to …

Supply of mid-segment homes priced ₹1 crore and below dips 30% in top 9 cities in one year: PropEquity
2 months ago

Supply of mid-segment homes priced ₹1 crore and below dips 30% in top 9 cities in one year: PropEquity

Hindustan Times  

As real estate developers shift focus on luxury housing, the supply of homes in the affordable and mid-income category priced ₹1 crore and below has dipped by 30% in the last year across nine cities to 1,98,926 units in 2024 from 2,83,323 units in the preceding year. Supply of homes in the affordable and mid-income category priced ₹ 1 crore …

Supply of homes priced below ₹1 cr falls 30 pc in 2024: PropEquity
2 months ago

Supply of homes priced below ₹1 cr falls 30 pc in 2024: PropEquity

Live Mint  

New Delhi, Jan 28 Fresh supply of affordable and mid-income homes costing up to ₹1 crore fell 30 per cent last year to nearly 1.99 lakh units across nine major cities, according to PropEquity. Among nine cities, the fresh supply of homes costing up to ₹1 crore slipped 11 per cent in Bengaluru to 25,012 units during 2024 against 28,206 …

Property registrations in the Mumbai real estate market cross the 9,200-mark in 27 days of January 2025: data
2 months ago

Property registrations in the Mumbai real estate market cross the 9,200-mark in 27 days of January 2025: data

Hindustan Times  

Property registrations in the Mumbai real estate market cross the 9,200-mark in the first 27 days of January 2025, according to the data of the Inspector General of Registration and Controller of Stamps of Maharashtra. Property registrations in the Mumbai real estate market cross the 9,200-mark in the first 27 days of January 2025. The government has earned a revenue …

Hyderabad’s residential real estate sees 7% growth in registrations in 2024: Knight Frank India
2 months, 1 week ago

Hyderabad’s residential real estate sees 7% growth in registrations in 2024: Knight Frank India

The Hindu  

Hyderabad witnessed a 7% year-on-year growth in home sales registrations in 2024, accompanied by a 23% YoY surge in total transaction value, according to the latest assessment report by Knight Frank India. Hyderabad’s residential market, which encompasses the districts of Hyderabad, Medchal-Malkajgiri, Rangareddy, and Sangareddy, includes transactions from both the primary and secondary real estate markets. Smaller homes between 500 …

Mumbai real estate market witnesses 11% increase in housing sales in 2024, demand for luxury homes up: Knight Frank
2 months, 3 weeks ago

Mumbai real estate market witnesses 11% increase in housing sales in 2024, demand for luxury homes up: Knight Frank

Hindustan Times  

Mumbai’s residential real estate market saw an 11% increase in housing sales in 2024, especially luxury homes in the ₹5 to ₹10 crore price range and ₹20 to ₹50 crore segment, according to a report by Knight Frank India. Mumbai’s residential real estate market saw an 11% increase in housing sales in 2024, especially luxury homes in the ₹ 5-10 …

Here’s what you can get at India’s ₹100 crore addresses
2 months, 3 weeks ago

Here’s what you can get at India’s ₹100 crore addresses

Live Mint  

When you rise to the level of self-actualization, the final stage of Maslow’s need hierarchy, the world is your oyster. “2024 saw a rise in ₹100 crore-plus transactions, particularly in Delhi-NCR, Mumbai and Bengaluru," said Ritesh Mehta, senior director and head–north, west & east residential services, India, at Jones Lang LaSalle Inc., or JLL, a property consultancy. “Gurgaon’s Golf Course …

Real estate 2025 outlook: Here’s what you should know about property prices if you are planning to buy a house this year
2 months, 4 weeks ago

Real estate 2025 outlook: Here’s what you should know about property prices if you are planning to buy a house this year

Hindustan Times  

If you are planning to invest gains made in the stock market into real estate or intend to buy property for end-use in 2025, your expectations in terms of property appreciation should be realistic. According to real estate experts, the housing market is likely to record a moderate single-digit price increase in 2025 compared to the double-digit growth of 21% …

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region
2 months, 4 weeks ago

Real Estate Outlook 2025: 5 most sought-after areas for buying an apartment in the Mumbai Metropolitan Region

Hindustan Times  

Mumbai real estate market reported over 1.41 lakh property registrations in 2024 and is expected to grow steadily in 2025, according to experts. However, according to the property registration data, western suburbs and central suburbs remain the most sought-after areas for buying an apartment in the Mumbai real estate market, data from Knight Frank India, a real estate consultancy, reveals. …

Real estate sector faces challenges amid declining home sales and high prices
2 months, 4 weeks ago

Real estate sector faces challenges amid declining home sales and high prices

Hindustan Times  

India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. After increasing by an average of 21% last year, India's primary housing market may have a small single-digit price increase in …

Housing prices may see modest growth in 2025, says property experts
2 months, 4 weeks ago

Housing prices may see modest growth in 2025, says property experts

Live Mint  

New Delhi, Jan 1 India's primary housing market may register a modest single-digit price rise in 2025 after appreciating by an average 21 per cent last year as developers are expected to boost new supply to match up demand, according to industry experts. Anarock Chairman Anuj Puri expects the housing market to "stabilise" in 2025, with muted growth in prices …

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years
3 months ago

Year-ender 2024: Residential transactions cross 5.7 lakh mark, property prices jump 60% in 5 years

Hindustan Times  

The Indian residential sector clocked 5.77 lakh property transactions in 2024, up by 4% from 5.56 lakh in 2023. Mumbai recorded the highest number of residential transactions worth ₹1.6 lakh crore with over 1.3 lakh units. Bengaluru and Pune followed with ₹0.6 lakh crore of residential transactions with 0.8 lakh and 1 lakh units, respectively. Western India dominated residential transactions …

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK
3 months ago

India real estate: Housing sales marginally down by 4% in top seven cities, Kolkata and Chennai the most hit: ANAROCK

Hindustan Times  

Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in 2024, with over 4.59 lakh units being sold compared to over 4.76 lakh units in 2023, according to the data of ANAROCK, a real estate consultancy. India real estate update: Housing sales in the top seven Indian cities witnessed a marginal fall of 4% in …

Housing sales volume falls 4 pc in 2024 in top 7 cities; value up 16 pc to ₹5.68 lakh cr: Anarock
3 months ago

Housing sales volume falls 4 pc in 2024 in top 7 cities; value up 16 pc to ₹5.68 lakh cr: Anarock

Live Mint  

New Delhi, Dec 26 Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16 per cent to ₹5.68 lakh crore, according to Anarock. Real estate consultant Anarock on Thursday released its housing market data, showing a marginal 4 per …

Housing sales in Dec qtr to fall 21 pc in top 9 cities; demand up 25 pc in NCR: PropEquity
3 months, 1 week 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 …

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR
4 months ago

Properties worth ₹50 lakh: Here’s what you can buy in Mumbai and MMR

Hindustan Times  

Mumbai real estate market is the most expensive real estate market in the country and purchasing a home in the financial capital is a dream come true for many homebuyers considering that apartments cost as much as ₹20,000 per sq ft to ₹1.50 lakh per sq ft if not more. "With a budget of ₹50 lakh in Mumbai, homebuyers can …

India’s 26 major listed realty firms sell ₹35,000 cr worth properties in Q2; Godrej Properties at top
4 months, 1 week ago

India’s 26 major listed realty firms sell ₹35,000 cr worth properties in Q2; Godrej Properties at top

Live Mint  

New Delhi, Nov 24 India's 26 major listed real estate firms have sold properties worth nearly ₹35,000 crore during the September quarter with Godrej Properties reporting highest sales bookings. Delhi-NCR-based Max Estates sold properties worth ₹4,100 crore, while Bengaluru-based Prestige Estates Projects Ltd clocked sales bookings of ₹4,022.6 crore during the quarter. Among other major listed players, Bengaluru-based Brigade Enterprises …

Bengaluru residential property registration falls 8% y-o-y between July-September 2024 to 25,259 housing units
4 months, 2 weeks ago

Bengaluru residential property registration falls 8% y-o-y between July-September 2024 to 25,259 housing units

Hindustan Times  

Bengaluru housing market witnessed an 8% decline in registrations in the July-September 2024 quarter recording 25,259 residential units with the Inspector General of Registration, according to data shared by proptech platform Square Yards on November 13. Housing transactions worth ₹ 15,739 crore registered in Bengaluru between July-September 2024 Bengaluru residential real estate saw a dip of 8 pc, sold houses …

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%
8 months ago

Mumbai property registrations increase by 19% Y-o-Y in July 2024; stamp duty collections up by 27%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 19% to touch 12,160 in July 2024 from 10,221 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. Property registrations in the Mumbai real estate market grew by more than 16% to touch 12,160 in July 2024. …

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY
8 months, 2 weeks ago

Hyderabad registers 7,014 housing units worth ₹4,288 crore in June 2024, up 26% YoY

Hindustan Times  

Hyderabad registered a total of 7,014 residential properties amounting to ₹4,288 crore in the month of June 2024, according to a report released by property consultancy Knight Frank India on July 15. Hyderabad registers 7,014 housing units worth ₹ 4,288 crore in June 2024 During the first half of the year, a cumulative 39,220 residential units worth ₹24,287 crore were …

Housing sales down 6% in April-June quarter; new supply remains flat in top 8 cities: PropTiger
8 months, 2 weeks 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 homes above ₹1 crore witness 41% growth in sales; affordable housing sales decline
8 months, 3 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, …

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%
9 months ago

Mumbai property registrations rise 11% Y-o-Y in June 2024; stamp duty collections up by 15%

Hindustan Times  

Property registrations in the Mumbai real estate market grew by more than 11% to 11,443 in June 2024 from 10,319 a year earlier, according to the data shared by the Inspector General of Registration and Controller of Stamps of Maharashtra. In May 2024, a total of 12,000 property registrations were reported in the Mumbai real estate market. Property registrations in …

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty
11 months ago

Mumbai records more than 11,500 property registrations in April 2024; ₹1,043 crore collected in stamp duty

Hindustan Times  

As many as 11,504 units were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹1,043 crore to the state exchequer. As many as 11,504 properties were registered in Mumbai in April 2024 up by 9% year-on-year, adding over ₹ 1,043 crore to the state exchequer. Revenue collection in April 2024 records best for the month of …

Homes worth ₹1.11 lakh crore sold during Jan-Mar 2024; Up by 68% in value terms: Report
11 months, 3 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 …

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

Luxury Homes Costing Rs 4 Crore And Above Become Popular, Delhi NCR Leads In Sales: CBRE
1 year, 1 month ago

Luxury Homes Costing Rs 4 Crore And Above Become Popular, Delhi NCR Leads In Sales: CBRE

ABP News  

Luxury residential properties priced Rs 4 crore and above clocked a jump of 75 per cent in sales last year across seven major cities, data from real estate consultant, CBRE, revealed. The sales number for homes priced Rs 4 crore and above collectively stood at 12,935 units in 2023, up from 7,395 units in the preceding year, reported PTI. While …

5,411 residential properties worth ₹3279 crore registered in Hyderabad in Jan
1 year, 1 month ago

5,411 residential properties worth ₹3279 crore registered in Hyderabad in Jan

Hindustan Times  

As many as 5,411 residential properties were registered in January 2024 in Hyderabad registering a marginal decline of 1% Year-on-Year. As many as 5,411 residential properties were registered in January 2024 in Hyderabad The Hyderabad residential market includes four districts namely Hyderabad, Medchal-Malkajgiri, Rangareddy and Sangareddyand covers home sales pertinent to the primary and secondary real estate markets. In January …

Residential sales in Hyderabad hit a new high of 32,880 units in 2023
1 year, 2 months ago

Residential sales in Hyderabad hit a new high of 32,880 units in 2023

Deccan Chronicle  

Hyderabad: Residential sales in Hyderabad rose 6 per cent on an annual basis to hit a historic high of 32,880 units in 2023. Hyderabad also recorded 88 lakh sqft office transactions in 2023 led by Global Capability Centres Residential launches in the city increased by 7 per cent to 46,985 units in 2023, which is also a new high. The …

Housing Sales in 7 Cities Rise 31% to 4.76 Lakh Units
1 year, 3 months 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 …

Property sale registrations touch decadal high in Nov 2023
1 year, 4 months ago

Property sale registrations touch decadal high in Nov 2023

Hindustan Times  

Mumbai: The uptick in real estate sales and registrations touched a new record in annual property registrations in Mumbai with 1.14 lakh registrations registered in first 11 months, the highest in a decade, an assessment from international property consultants Knight Frank India said on Thursday. HT Image 2013 recorded annual property sale registrations of 57,460 units and stamp duty revenues …

India’s housing market enjoys rapid growth, but can it last?
1 year, 7 months ago

India’s housing market enjoys rapid growth, but can it last?

Live Mint  

The Indian real estate market is showing robust performance in the second quarter of 2023, with sales maintaining its momentum as new supply continues to pour in. The ISB – Housing.com Housing Price Index shows an increase of 7.21% in property prices during Q2 2023, a jump from both Q1 2023’s 6.78% and Q2 2022’s 2.83%. Housing Price Index - …

Mumbai Records 9,923 Property Registrations In July, Down 4 Per Cent From June: Report
1 year, 8 months ago

Mumbai Records 9,923 Property Registrations In July, Down 4 Per Cent From June: Report

ABP News  

Mumbai's property registrations in July saw a marginal decline, with only 9,923 units being registered. The revenue collected by the government in July 2023 amounted to Rs 808 crore, reflecting a 6 per cent fall from June 2023 and a 3 per cent decline from July 2022. Anuj Puri, chairman, Anarock Group, said, "A quick assessment of new unit launches …

Housing Sales In Top 7 Cities May Hit An All-Time High Of 3.6 Lakh Units This Year: Anarock
2 years, 5 months ago

Housing Sales In Top 7 Cities May Hit An All-Time High Of 3.6 Lakh Units This Year: Anarock

ABP News  

Housing sales are likely to hit an all-time high this year at 3.6 lakh units in seven major cities on a strong demand across all price categories despite hardening of interest rates on home loans and property rates, according to Anarock. The previous high was recorded in 2014 when housing sales stood at 3,42,980 units across primary markets of seven …

Lockdown Impact: Housing Sales Plunge 79% in April-June in Top 8 Cities
4 years, 8 months ago

Lockdown Impact: Housing Sales Plunge 79% in April-June in Top 8 Cities

News 18  

Housing sales plunged 79 per cent to 19,038 units across eight major cities in April-June, as demand was badly impacted due to the nationwide lockdown to control COVID-19 pandemic, real estate brokerage firm PropTiger said on Tuesday. Releasing its latest report 'Real Insight: Q2 2020' through video conference, News Corp-backed PropTiger said that sales of residential properties fell 52 per …

Housing sales may plunge 81% in Apr-Jun; new launches to fall 98%, says report
4 years, 9 months ago

Housing sales may plunge 81% in Apr-Jun; new launches to fall 98%, says report

The Hindu  

Housing sales are estimated to decline by 81% to 12,740 units during April-June period of this calendar year due to COVID-19 pandemic and subsequent lockdown, property consultant Anarock said on Thursday. As many as 68,600 units were sold during April-June 2019 across seven major cities - Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, Hyderabad, Chennai and Kolkata, Anarock said in a …

Mumbai expected to see a fall in property prices this year and next
4 years, 10 months ago

Mumbai expected to see a fall in property prices this year and next

Live Mint  

India’s most expensive city in terms of capital value is expected to witness a fall in property price this year, as well as in 2021. According to a research report—Prime Global Residential Forecast— released today by Knight Frank, a real estate consultant, “Prime residential market of Mumbai is expected to see a price fall of 5% in the year 2020. …

Housing sales falls 26% in Jan-Mar in top cities, new supply plunges 51%: Report
4 years, 11 months ago

Housing sales falls 26% in Jan-Mar in top cities, new supply plunges 51%: Report

Live Mint  

Real estate developers sold 26 per cent less apartments during January-March period across nine major cities as economic slowdown and coronavirus outbreak affected demand, News Corp-backed PropTiger said. In Maharashtra, housing sales in Mumbai declined 14 per cent to 23,969 units while Pune saw 15 per cent fall in demand to 15,523 apartments. In Delhi-NCR region, Gurugram faced 73 per …

Property prices fell after note ban, likely to go down further, says economic survey
8 years, 2 months ago

Property prices fell after note ban, likely to go down further, says economic survey

Hindustan Times  

Real estate prices have fallen following the demonetisation move and are likely to go down further as investing undeclared income in real estate will become difficult, says the Economic Survey. One of the aims of demonetisation was bringing down real estate prices, chief economic adviser Arvind Subramanian said after the economic survey was tabled in Parliament. About the likely longer-term …

Economic Survey 2017 says property prices may dip further on note ban impact
8 years, 2 months ago

Economic Survey 2017 says property prices may dip further on note ban impact

Live Mint  

New Delhi: Property prices fell due to cash crunch following demonetisation and could decline further as investing undeclared income in real estate becomes more difficult, says the Economic Survey. “Demonetisation could have particularly profound impact on the real estate sector,” it said in an analysis on the impact of note ban announced on 8 November 2016. On short-term effect on …

Unsold real estate units touch 2.55 lakh in Mumbai Metropolitan Region
8 years, 2 months ago

Unsold real estate units touch 2.55 lakh in Mumbai Metropolitan Region

Hindustan Times  

The real estate market in the Mumbai Metropolitan Region has yet not picked up pace as the number of unsold apartments rose to a staggering 2.55 lakh units from 2.46 lakh three months back. Kapoor says the market conditions would improve if the builders reduce prices and also the interest rates on home loans come down. In addition, the Reserve …

Cash crisis brings real estate market to a grinding halt in Indore
8 years, 3 months ago

Cash crisis brings real estate market to a grinding halt in Indore

Hindustan Times  

The secondary or resale property market in Indore has been adversely impacted by the demonetisation of the old Rs 500 and Rs 1000 banknotes as people are short of cash, while the impact on new projects will be visible from the next financial year, say experts. As for new projects, the impact will be visible only after April 30,” Confederation …

CREDAI welcomes demonetisation move
8 years, 3 months ago

CREDAI welcomes demonetisation move

Deccan Chronicle  

Warangal Urban: Members of the Confederation of Real Estate Developers’ Association of India, Telangana, said that they welcome the demonetisation move as it would bring in transparency apart from bringing down the interest rates. Speaking to the media on Thursday, Mr Gummi Ram Reddy, president, CREDAI Telangana, said people from information technology industry, pharmaceuticals, government employees and other corporates are …

When brokers turn investors, Mumbai house prices are bound to rise
10 years, 7 months ago

When brokers turn investors, Mumbai house prices are bound to rise

Firstpost  

Mumbai Metropolitan Region has the maximum number of unsold flats at over 2 lakh houses when compared with the top six real estate markets in India, and it will take at least three years to get rid of these existing units, showing that the demand from property buyers has not picked up in India’s financial market. Realty prices have been …

Report: Sales volume of listed real estate companies drops 43%
11 years ago

Report: Sales volume of listed real estate companies drops 43%

India TV News  

New Delhi: The sales volumes of 25 listed real estate companies over the past eight quarters have dropped from 21.85 million sq ft to 11.8 m sq ft, a decline of almost 43 per cent, a research report by property consultants Knight Frank India showed. According to the report titled ‘Economy & Realty @ Glance for March 2014' issued today, …

This data proves Mumbai is India's most unaffordable real estate market
11 years, 8 months ago

This data proves Mumbai is India's most unaffordable real estate market

Firstpost  

Once again Mumbai has emerged as the most expensive place to buy property as more than 29 percent of the city’s total under construction project have surpassed the Rs 1 crore mark against 11 percent and 5 percent in the National Capital Region and Bangalore, respectively, according to a new report by real estate consultancy firm Knight Frank. Since land …

Mumbai property: Will prices fall in 2012?
13 years, 2 months ago

Mumbai property: Will prices fall in 2012?

Firstpost  

Bank of America Merill Lynch, which forecasts that residential property prices in the city could fall by 15-25 percent over the next six months. This time, it’s from Bank of America Merill Lynch, which forecasts that residential property prices in the city could fall by 15-25 percent over the next six months. The brokerage says Mumbai’s residential property prices jumped …

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