Hyderabad's residential real estate market experienced a significant downturn in Q2 2024, with sales plummeting 36% QoQ. New launches also declined, signaling overall market slowdown.
India's real estate market soared in 2023, exceeding expectations. Homeownership is favored over renting. Experts predict promising 2024 due to resilience and affordability.
India's top residential markets saw 22% sales growth and 17% new supply increase in Q3 2023, driven by positive sentiment, pent-up demand, and steady interest rates.
Mumbai's residential market faces potential price correction in 2014 due to high unsold inventory and low absorption rates, shifting the market in favor of buyers.
DLF achieved Rs 2,684 crore in sales bookings during H1 FY14, surpassing the previous year's figures. Experts commend DLF's strategic focus on premium, high-margin projects.
Property prices may drop 12-17% in Delhi-NCR, Mumbai, and high-end markets by next Diwali, as developers aim to reduce inventory and increase sales. New launches have decreased significantly.
The housing sector is expected to face a supply shortage this year, with under-construction projects progressing slower than anticipated. Buyers may face delays as completion targets are unlikely to be met.
Godrej Properties plans to raise ₹700 Cr through a rights issue to fund new and ongoing projects across key Indian cities. The company aims for growth despite previous market sluggishness.
Developers in Mumbai are slashing prices for new launches by up to 15% to stimulate home sales amid sluggish market conditions, aiming to attract buyers.
New project launches in Mumbai have significantly declined in Q1 2013 compared to Q4 2012, attributed to weak home sales and cautious developer strategies.
Project delays plague NCR's residential market, causing a 31% drop in new launches and leaving 140,000 unsold units, impacting homebuyers and developers.
Home sales, particularly new launches, experienced growth between January and March, spurred by developer discounts. Bangalore and Mumbai saw improved sales.
Home sales in NCR have surged by 46% in January, with clear property acquisition issues boosting buyer confidence. New launches dropped by 35% as developers focused on reducing unsold inventories.
Delayed clearances for new buildings are hiking property prices in India by up to 40%, according to the Economic Survey 2013. This issue, along with higher land prices and stamp duty charges, poses challenges for the real estate sector.
India's residential market nearing price correction due to weak home sales, forcing builders to cut prices, reports CBRE, with Mumbai, Chennai, Hyderabad, and Delhi experiencing significant sales drops.
Real estate sector signals recovery with new launches and investments by major players. Supertech, Ansal API, DLF, and Mantri Realty announce significant investments.
Gurgaon's real estate market saw a surge in new residential projects during the festive season, fueled by reduced interest rates. However, increased prices deterred some buyers, despite high demand and attractive payment schemes for investors.
Mumbai's real estate market shows signs of recovery with increased property registrations and new project launches. Festive occasions, discounts and lower interest rates are driving demand.
Gitanjali Gems Ltd is launching a high-end residential project in Borivli, Mumbai, with two towers spread over 400,000 sq ft. The project is expected to generate revenue of 400 cr.
Sahara Prime City announces a mega township project in Coimbatore, featuring nearly four thousand new homes including apartments, houses, and bungalows.
Millennium Spire launches Spire World, its Indian real estate platform, and its first green project, Spire Edge, a 1.6 million sq ft eco-office complex in Manesar.
Golden Gate Properties launches affordable housing project, 'The Commune', in Bangalore promising 995 sq ft flats for Rs 19 lakh. The project includes facilities such as a retail center, school and club-houses.
Concorde Group is building "Concorde Manhattans," a new housing development in Bangalore’s Electronic City, hoping to attract Wipro employees with its American naming scheme and prime location.