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

4.02 Lakh Homes Completed in 2022 Across Top 7 Cities, Highest in a Year Since 2017

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 […]

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

Housing Sales in Top 7 Cities Scale New Peak in 2022, Breach Previous high of 2014

Mumbai, 27 December 2022: Despite the gradual hike in property prices and home loan interest rates in 2022, it has been a fantastic year for residential real estate. Latest ANAROCK Research indicates that housing sales in the top 7 cities have created a new peak in 2022, breaching the previous high of 2014. Approx. 3,64,900 units […]

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Banking & Insurance Economic & Finance Laws & Taxes Market Overview Real Estate

RBI’s 35 Bps Rate Hike Won’t Rock Housing Boat

The 35 BPS rate hike by the RBI – the fifth consecutive rate hike this year – comes as no surprise. With repo rates now at 6.25%, there may be some repercussions on housing uptake. This hike will undoubtedly push up home loan interest rates, which had already crept up after four consecutive bps rate […]

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Advisor Network Economic & Finance Market Overview Real Estate

Housing Sales in Top 7 Cities to Create New Peak in 2022, Breach Previous High of 2014

Total housing sales will exceed 3.6 lakh units in the top 7 cities in 2022; the last peak in 2014 saw 3.43 lakh units sold The first 9 months of 2022 saw new supply and absorption exceed the whole of 2019 with approx. 2.73 lakh units sold and 2.65 lakh units launched MMR & NCR […]

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

Q3 2022 Housing Sales Up 4% Q-o-Q Across Top 7 Cities, 41% Jump Annually

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 […]

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

Housing Sales Moderate in Q2 2022, MMR and NCR Outperform Other Cities

Approx. 84,930 units were sold in Q2 2022, against 99,550 units in Q1 2022 MMR recorded highest sales of approx. 25,785 units, followed by NCR with approx. 15,340 units Approx. 82,150 units were launched in Q2 2022 against 89,150 units in Q1 2022 – a decline of 8%; MMR & Pune were the only markets […]

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

Should You Buy a Home Despite Higher Prices?

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 […]

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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 Market Overview Real Estate State & Urban

Housing Sales Rose 71% in 2021 To Reach 90% of Pre-COVID Levels, Launches Up 85% in Top 7 Cities

New launches rose by 85% in 2021 against 2020; Hyderabad recorded a 144% yearly rise Housing sales saw 71% Y-o-Y rise in 2021 to touch approx. 2.37 lakh units, regaining 90% of pre-COVID 2019 levels; MMR recorded highest sales at 76,400 units MMR & NCR saw a maximum drop in unsold inventory with 10% & […]

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

Townships – Redefining Indian Housing in Pandemic Times

To say the least, the Covid-19 crisis has transformed consumer preferences. The accent is now on safety, security and access to ‘around-the-corner conveniences. These are natural consequences of a major pandemic that makes us scared about things that never worried us too much before – even the air we breathe and getting too close to […]

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