Housing sales rose by a mere 5% to 2,61,370 units in 2019 across seven major cities compared to 2,48,310 units in the previous year
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Sales in the residential property market fell 13 per cent to 2,63,294 units during the first nine months of this fiscal as against 228,220 units in the corresponding period of the previous year
The residential property market in top eight cities recorded a growth of 1% year-on-year in sales volume in 2019
Across seven major cities, sales rose by 5 per cent to 2,61,370 units in 2019 compared to 2,48,310 units in the previous year
Luxury and ultra-luxury segments remained limited to end-user interest, with no serious investor activity.
On quarterly basis, their housing sales value increased 5 per cent from Rs 5,250 crore in the first quarter of 2019-20 to nearly Rs 5,520 crore in the second quarter.
According to the Anarock report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19
This is the fourth such report that has shown fall in housing sales during the third quarter of the 2019 calendar year
Housing sales declined 25 per cent in nine major cities to 65,799 units during July-September quarter, while new launches fell 45 per cent as consumers sentiments and demand remained subdued, according to property brokerage firm PropTiger. Earlier this month, Anarock and JLL India also reported 18 per cent and one per cent, respectively, decline in housing sales during July-September period across seven major cities. In its report 'Real Insight', News Corp-backed PropTiger said that housing sales declined to 65,799 units during July-September 2019 from 88,078 units in the same period last year. New launches fell to 33,883 units from 61,679 units during the period under review. These cities are -- Mumbai Metropolitan Region (including Navi Mumbai & Thane), Pune, Noida (including Greater Noida & Yamuna Expressway), Gurugram (including Bhiwadi, Dharuhera & Sohna), Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad. "New launches continued to show a downward trend in the ...
The nine cities included in the study are Gurugram, Noida, Mumbai, Kolkata, Pune, Hyderabad, Bengaluru, Thane and Chennai
Overall, sales rose by 30 per cent in nine cities to 73,691 units during October-December quarter of 2018-19 fiscal compared to 56,696 units in the year-ago period
Overall, in the seven cities tracked by the consultant, housing sales went up by 18 per cent to 2,48,310 units during 2018 from 2,11,130 units in the previous year
The realty sector is currently on the upswing, primarily for ready-to-move housing units or the projects that are nearing competition due to low-risk factors attached to them
Higher sales volumes resulted in drop in the number of unsold units by 11 per cent to nearly 470,000 units
The nine cities tracked by News Corp-backed PropTiger are -- Mumbai, Pune, Noida, Gurgaon, Bengaluru, Chennai, Hyderabad, Kolkata and Ahmedabad
Experts say sales will be higher this time but liquidity crunch in HFCs may hinder recovery
Housing sales got affected last year on the adverse impact of notes ban as well as implementation issues with the new realty law Rera that came into effect from May 2017 and the GST
PNB Housing Finance is one of the few deposit-taking housing finance companies
Housing sales were higher than the new launches in six quarters but were lower in last two quarters