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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Unsold Inventory Down to 32 Months From 55 Months by 2021-end, Close to 2019 Levels

Top 7 cities’ housing inventory overhang declined from 55 months (2020) to 32 months (2021); 30 months in 2019 Inventory overhang in Delhi-NCR dropped the most in a year – from 89 months in 2020 to 49 months in 2021 Bengaluru’s current inventory levels are the lowest among the top 7 cities at 21 months, […]

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Advisor Network Economic & Finance Laws & Registration Market Overview Real Estate State & Urban

Why Housing Prices Will Rise – A Perspective

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 […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Delhi-NCR Luxury Housing Supply Share Rises to 17% in H1 2021 from 9% in 2020

Of approx. 10,570 units launched in NCR in H1 2021, approx. 1,800 units were in the luxury and ultra-luxury segments priced >INR 1.5 Cr Noida comprised max. new luxury share (of 73%) in 1st half this yr, followed by Gurugram with 22% share & Greater Noida with 5% From 2018 till June 2021, NCR’s new […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Housing sales rise 93% y-o-y in Q2 2021, but dip 58% q-o-q amid 2nd wave

~24,570 units sold across top 7 cities amid the 2nd COVID-19 wave in Q2 2021 Vs ~12,740 units sold during 1st wave in Q2 2020; ~58,290 units sold in preceding quarter – Q1 2021 MMR & Pune drive residential sales among top cities, together accounting for 46% of the total housing sales in Q2 2021 […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Housing Market Recovery – Where, When and How?

The second COVID-19 wave has taken India by storm, over-stretching the healthcare infrastructure far beyond its capacity not just in top urban centres but penetrating deeper into rural areas. Even the most developed nations including the US would have failed to stay strong in the face of such ferocity. However, despite the ongoing restrictions, most […]

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Advisor Network Economic & Finance Market Overview Real Estate

MMR, Pune housing sales share rises steadily from 2013, 53% in Q1 2021

In stark contrast, Delhi-NCR saw a y-o-y decline after seeing highest sales share among the top 7 cities in 2013 2013 saw total housing sales of approx. 3.19 lakh units across the top 7 cities – 37% in Delhi-NCR, 33% in western markets In Q1 2021, of total 58,300 units sold in the top 7 […]

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Advisor Network Economic & Finance Market Overview Real Estate State & Urban

Housing Sales in Top 7 Cities Surge 29% Y-o-Y in Q1 2021, Breach Pre-COVID-19 Levels

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 […]

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