pexels Affordable housing segment - apartments priced up to Rs 45 lakh is contributing nearly half of the total demand in the primary residential market across eight major cities, real estate brokerage firm PropTiger.com said on Friday.
Addressing a webinar, PropTiger COO Mani Rangarajan said the April-June quarter may witness demand slowdown because of the second wave of the COVID-19 pandemic but sales should pick up in the second half of this year.
He ruled out price correction in the primary housing market, saying that builders have been operating at a thin profit margin.
In its Real Insight report for January-March 2021 quarter. PropTiger found out that around 45 per cent of sales in January-March 2021 were contributed by the affordable housing segment.
Housing sales rise 12% in Jan-March: PropTiger report
As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by
| 9 April 2021 7:37 AM GMT
NEW DELHI: As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by PropTiger.com.
The report noted that various measures taken by the government at the Centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, led to the rise in home sales in India eight prime residential markets.According to the report titled Real Insight - Q1CY21 , developers sold a total of 66,176 homes in the primary market in the first quarter of 2021.
Housing sales rise 12% in Jan-March: PropTiger report
By IANS |
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Work from home impacts real estate and housing choices.. Image Source: IANS News
New Delhi, April 8 : As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by PropTiger.com.
The report noted that various measures taken by the government at the Centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, led to the rise in home sales in India eight prime residential markets.
According to the report titled Real Insight - Q1CY21 , developers sold a total of 66,176 homes in the primary market in the first quarter of 2021.
Housing sale in 8 major markets reaches pre-Covid level
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Synopsis
On the supply side, a total of 53,037 units were launched across India during the three-month period, an annual growth of 49% in housing supply. A quarter-on-quarter (QoQ) comparison shows new launches declined 2% when compared to the last quarter of CY20.
As expected, no extraordinary upwards movement was seen in average prices of property in the primary or new homes market.
Home sales in India’ eight prime residential markets has increased by 12% in the January-March quarter compared to Oct-Dec quarter of 2020, according to a report by online property brokerage firm PropTiger.com.
India housing sales rise 12 per cent
7 hours ago A man rides his cycle rickshaw past residential buildings on the outskirts of Kolkata. File / Reuters As property demand gained momentum, housing sales increased 12 per cent during January-March compared to the previous quarter, according to a report by PropTiger.com.
The report noted that various measures taken by the government at the Centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, led to the rise in home sales in India’ eight prime residential markets.
According to the report titled ‘Real Insight - Q1CY21’, developers sold a total of 66,176 homes in the primary market in the first quarter of 2021.