While it continues to take the strain of 328,000 stalled units launched before 2015, unsold units since early-2016 have come down 26 per cent
The latest data from Knight Frank shows that property registration in the largest market - Mumbai Metropolitan Region - hit a decadal high in July
Real estate developer Supertech said it will hand over to homebuyers 8,463 flats by December this year and a total of over 16,000 units by 2023 in delayed projects in Noida, Greater Noida and Meerut
This, local brokers said, was a fair market price
The top 8 cities saw total sales of 99,416 residential units in H1 2021
During the early part of this year, sales volumes were greatly influenced by two markets - Mumbai and Pune that together constituted over 45 per cent of the total sales amongst key markets
Residential sales in Q2 (April-June) 2021 increased by 83 per cent as compared to Q2 2020, across the top seven cities.
However, home sales dropped by 58 per cent sequentially
Developers can earn around Rs 800 crore a year in rent if they go for a combination of retail and office projects, experts said
71% of the registered properties were from sales concluded in the December 2020-April 2021 period
The sales in April this year stood at 5,980 units, almost 2.5 times higher than April 2020
Mumbai residents search for larger units; end-users corner 90 per cent of overall homes sales
Better affordability, sustained WFH will spike demand in top six cities this fiscal. But Mumbai and Pune may see contraction due to the higher base of last fiscal
The second wave of Covid-19 and the rollback of the stamp duty cut in Maharashtra impacted the housing sales in April, showed a report by Knight Frank India
Bengaluru was the only city not to record a major yearly change in total sales number, according to Anarock.
Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally
The residential segment outlook, according to the survey findings, was supported by pent-up demand, multi-decadal low home loan interest rates, and attractive residential prices
New launches bounced back - registering 12 per cent growth in the October-December quarter.
The National Capital Region (NCR) witnessed a quarter-on-quarter growth of 43 per cent in the sale of housing units during the October-December period
Mumbai recorded 18,854 homes being registered in a historic surge during December as the stamp duty is set to increase by one per cent from January 1, Knight Frank India said on Thursday