India’s Republic Day commemorates the enactment of the country’s Constitution on January 26, 1950. While the Indian Constitution is fundamentally important at all levels of Indians’ lives today, we should also remember that it has played a significant role in shaping the country’s housing market. After all, it provides the framework for citizens and government’s […]
Total Homes Completed in 2022 Mumbai, 16 January 2023: Year 2022 saw record-high housing sales and new launches across the top 7 cities. The latest ANAROCK data reveals that unit completions have also remained on top between 2017 till 2022. Approx. 4.02 lakh homes were completed in 2022 in these cities – 44% higher than in […]
The Indian housing sector did very well in 2022. Recent reports by real estate consultants like Anarock confirm that residential property sales during the year not only increased by over 50% over 2021 but also reached a new all-time peak. But this does not mean that everything is smooth sailing for the Indian housing industry as […]
If there is one thing that 2022 proved to the real estate investor, it is that housing is the most enduring and viable asset class in India. After several years of taking a back seat, housing property became the best possible investment opportunity in the past year. The viability of housing as an asset class […]
2022 was a phenomenal year for the re al estate sector, particularly the residential segment. There was robust housing demand, mainly from end-users, across the top cities and tier 2 and tier 3 cities. The below report illustrates trends that shaped India’s Housing Market in 2022. In the year’s first half, job security had improved […]
The residential housing market of Pune again proved its strength in 2022 as demand increased convincingly after the pandemic. Even during the lockdown periods of 2020 and 2021, interest in buying homes in Pune remained strong but the true demand potential emerged only once people were free to visit sites again. The interest rate hikes […]
The equities market yielded to the pandemic during the 1st phase and crashed 29% between December 2019 and March 2020 at the onset of the lockdown. Gold appreciated in 1st wave of the pandemic, corrected by 4% between Dec 2020 & March 2021 Housing prices across the top 7 cities remained largely stable during the […]
Over 88,230 units were sold in Q3 2022, against 84,930 units in preceding quarter & approx. 62,800 units in Q3 2021 MMR recorded the highest sales of approx. 26,400 units, followed by NCR with approx. 14,970 units Approx. 93,490 units were launched in Q3 2022 against 82,150 units in Q2 2022 – an increase of […]
Increased demand for real estate tends to lead to home prices hike eventually. Even when demand was low for a long time but has begun to revive, developers avoid increasing home prices because they want to foster the new demand. There was a 3-year-long market slowdown before the Covid-19 pandemic, and the pandemic itself was […]
Sales numbers in a quarter at all-time high since 2015; annually, top cities register over 71% Y-o-Y rise in sales against 58,290 units sold in Q1 2021 MMR & NCR account for 48% of total sales; NCR sees 114% yearly jump New launches rise 43% Y-o-Y – from 62,130 units in Q1 2021 to over 89,150 […]
