In the corresponding period a year ago (Sept 2019 to March 2020) when there was no stamp duty cut, ~37,725 properties registered in Mumbai, according to data by Inspector General of Registration (IGR), Maharashtra Total revenue collected in Mumbai b/w Sept. 2020 to March 2021 (period of stamp duty cut) was INR 2,914 Cr – […]
Despite COVID-19, ~USD 6.27 bn pumped into Indian real estate in FY21, against USD 5.28 bn in FY20 – the highest since FY16 Unlike earlier, PE investors in FY21 eye portfolio deals across cities & assets rather than specific projects/cities; such deals comprise a 73% overall share Avg. ticket size of PE deals up 62% […]
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 […]
MMR’s y-o-y decline in unsold housing highest among major 7 cities in Q1 2021, – from 2,13,180 units as on Q1 2020-end to approx.1,97,040 units by Q1 2021-end Despite ample new supply, MMR’s unsold stock decline amidst robust sales – approx. 14,820 units (highest of top 7 cities in Q1 2021 Of approx. 20,350 units […]
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 […]
The times are changing for the luxury resorts and vacation homes market in India. Previously the exclusive domain of HNIs capable of shelling out huge sums, this market may now attract a new set of buyers with a yen for owning a luxurious beach-facing property or mountain vacation home at a fraction of the total […]
Pune has a lot going for it – it has a strong industrial belt, is a major education hub and an important base for the armed forces, and is the second major IT destination of the country. In recent years, the Centre for American Entrepreneurship called it an ‘emerging global start-up hub.’ This growth in […]
Property prices in India’s most expensive real estate market (MMR) have bottomed out; unsold inventory declines 6% annually – the highest y-o-y decline in 6 years IT/ITeS sectors booming amidst COVID-19 makes Bengaluru & Pune favourite investment destinations; Bengaluru saw unsold stock decline by a whopping 51% in 2020 since 2016 Pune saw avg. property […]
Of a total of 884 projects launched in 2020 across the top 7 cities, just 130 projects offered studio apartments – a 15% share Of the new project launches b/w 2013 to 2020, those offering studio apartments increased y-o-y till 2019 – from 4% in 2013 to 19% in 2019 New pandemic realities and changing […]
With the relentless rise in urban population, there is pressure on the land and vertical growth is the only option available to developers. Most housing projects currently in the pipeline in cities like Mumbai, Pune and Bangalore are high-rises. In fact, with more than 53 skyscrapers (buildings >150 m tall), Mumbai has the maximum number […]
