Of the top 7 cities, NCR saw maximum homes completions in 2021 (approx. 86,590 units); MMR completed approx. 70,490 units, Pune approx. 46,090 Bengaluru, Hyderabad, & Chennai together completed approx. 63,870 units in 2021 Approx. 1.24 lakh units to be completed in NCR in 2022, MMR targets completion of 70,600 units Mumbai, 21 February 2022:
The total investments for 2021 are likely to surpass the 2019 levels and in fact reach the pre-COVID 19 levels of 2017 and 2018. The commercial segment has experienced reasonably higher share in investment from 25% to 62% during 2015-2020. The residential segment has seen a decline in its investment share from 61% to 2%
Recently, the apex realtor’s body CREDAI made a startling announcement – that housing prices will probably go up by as much as 15% soon. At first glance, this announcement appeared to put homebuyers on notice. At the very outset here, I would like to clarify that this is not the case at all. This was
In the pre-Covid survey, 68% NRI respondents were buying for investment – this has dropped to 47% in the post-Covid survey 50% NRI respondents prefer luxury homes priced >INR 1.5 Cr, 32% prefer premium properties (priced INR 90 lakh – INR 1.5 Cr), 11% eyeing mid-segment homes; just 7% interested in affordable properties 48% NRI
58,290 homes were sold in the top 7 cities in Q1 2021 against 45,200 units in Q1 2020; housing sales breach pre-COVID levels MMR & Pune account for 53% of total sales in top cities, driven by stamp duty cuts, discounts & rock-bottom home loan rates New launches outpace housing sales – 62,130 units launched
