Housing Market

With a significant rise in housing sales post-COVID, real estate consultant Anarock has said unsold homes with developers across seven major cities fell 12 pc in the last five years, and time needed to clear these inventories have come down by half to just 20 months. In its latest report, Anarock said unsold housing stocks have declined 12 per cent to 6,26,750 units at the end of January-March this year from 7,13,400 units as of March 31, 2018. More importantly, Anarock said, inventory overhang (estimated time developers need to clear unsold inventories at current sales velocity) fell to 20 months from 42 months at the end of March 2018. An inventory overhang of 18-24 months is normally considered healthy. Anarock Chairman Anuj Puri attributed the drop in unsold stocks and inventory overhang to a surge in housing sales. In Q1 of 2023, the top 7 cities recorded all-time high sales of more than 1.14 lakh units. "Strong home-ownership sentiment, relatively lower home loan rates, str

A major source of employment in a country of 1.4 billion people where a majority are unskilled, the Indian housing market is likely to remain a stable contributor to economic activity in India

As the toll from higher interest rates and the end of easy money mounts, many real estate markets are almost frozen with some lenders telling borrowers to sell assets or risk foreclosure

According to the report, despite the downturn across many areas of the country, housing values generally remain 11.7% above where they were at the onset of the Covid-19 pandemic

Despite showing the maximum improvement since 2011, Mumbai was the least affordable city in India in 2022: Knight Frank

The Current sentiment score has declined marginally from 62 in the second quarter of 2022 to 61 in the third quarter of 2022.

They should hire a property consultancy or a lawyer to do due diligence on their behalf

With over Rs 7,200 crore in subsidy disbursals, the largest pure-play mortgage lender HDFC has cornered over 15 per cent of the credit-linked subsidy scheme for affordable housing since its launch in June 2016. The 45-year-old Corporation, which is awaiting a reverse merger with its subsidiary HDFC Bank, has also won the best housing finance company award from the government for this for the third time this year. Its Managing director Renu Sud Karnad said they have over 3.13 lakh credit linked subsidy scheme (CLSS) customers, who have cumulatively borrowed more than Rs 67,000 crore from them since the launch of the plan under the Pradhan Mantri Awas Yojana (PMAY). These customers have received more than Rs 7,200 crore in subsidies, which is a tad over 15 per cent of the total subsidy of Rs 48,250 crore given by the government. The corporation has been awarded the best performing housing finance company under the CLSS and the same was given away by Union Housing Minister Hardeep Sin

Bengaluru's affordable housing market has become more costly due to the 50 bps hike in the repo rate by the RBI

While many economists say China's crippling housing downturn won't get much worse and that the stimulus will kick in this year or next, the reality on the ground for sellers like Echo is much bleaker

Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices, according to PropTiger.com. Sales stood at 55,910 units in the same quarter last year. The sales have surpassed the pre-pandemic levels of 2019's Q3 (July - September), housing brokerage firm PropTiger.com said on Thursday in its quarterly report Real Insight Residential -- July-September 2022. "The real estate industry is bouncing back from the pandemic and subsequent disruptions," said Vikas Wadhawan, Group CFO, PropTiger.com, Housing.com and Makaan.com. Despite the slight increase in overall interest rates, he said the demand for housing has not dipped. He attributed the rise in demand to renewed thrust towards home ownership. As per the data, housing sales in Mumbai jumped over two-fold to 28,800 units in the third quarter of this calendar year, from 14,160 units in the corresponding pe

Housing market better investment option than it was 12 months ago, respondents tell CII-ANAROCK Consumer Sentiment Survey

Housing sales in Delhi-NCR fell 19 per cent to 15,340 units in April-June compared to the previous quarter on lower demand due to rise in property prices as well as mortgage rates, data showed

All markets decline in affordability due to rise in home loan rates

The prices of ready-to-move properties increased 1.7 per cent QoQ and 5.8 per cent year-on-year

As state after state diluted rules to regulate real estate, SC ordered a relook

Housing prices increased in the range of 3-7% last year across eight major cities due to rise in rates of construction raw materials like cement and steel, says property brokerage firm PropTiger.com.

Completes acquisition; pays Rs 34,250 cr to creditors

Average home prices in India, however, fell on a year-on-year (YoY) and quarter-on-quarter (QoQ) basis during the June quarter

A latest report, prepared jointly by property consultant Anarock and CII, shows how radically the pandemic has altered buying preference