Housing prices appreciated at an average of 10 per cent during the December quarter across eight major cities on strong demand, higher input cost, according to a report by CREDAI, Colliers and Liases Foras. Realtors' body CREDAI, real estate consultant Colliers India, and data analytic firm Liases Foras on Tuesday released their joint report, which showed that Delhi-NCR saw a maximum appreciation of 31 pc annually during the October-December period of 2024.
Do home prices really never fall? Ramalingam Kalirajan begs to differ.
'Consider your household's financial health and all your other goals.' 'Buying a house might seem like an urgent goal, but it is rarely the only one.'
The NCR and the MMR together account for 77 per cent of 10 big housing projects stuck because of developers' bankruptcy or litigation.
'Some buyers believe prices may correct in the future.' 'This is unlikely. Many developers are increasing prices amid strong sales and inflationary trends.'
Around 58 per cent of developers expect housing prices to increase this year because of rise in input costs, while 32 per cent builders feel it will remain stable, according to a survey. According to the 'Real Estate Developers Sentiment Survey', by Realtors apex body CREDAI, real estate consultant Colliers India and property research firm Liases Foras, 43 per cent of developers expect residential demand to remain stable in 2023, while 31 per cent feel the demand would increase up to 25 per cent. As many as 341 real estate developers from various parts of the country participated in the joint survey conducted during the last two months.
Housing prices increased by up to 11 per cent annually across eight major cities during January-March period of this year due to a rise in demand for residential properties and a sharp hike in rates of construction raw materials, according to a joint report by CREDAI, Colliers and Liases Foras. Delhi-NCR witnessed highest rise in housing prices by 11 per cent to Rs 7,363 per sq ft during January-March 2022 as compared to the year-ago period, as per the first edition of Housing Price-Tracker report by realtors body CREDAI, real estate consultant Colliers and data analytics firm Liases Foras. Hyderabad witnessed 9 per cent increase in housing prices to Rs 9,232 per square feet, while Ahmedabad saw a 8 per cent appreciation to Rs 5,721 per square feet and Kolkata 6 per cent to Rs 6,245 per square feet.
What should you expect in the coming year if you have still not bought a house for yourself? More importantly, once you arrive at the 'buy' decision, what should you keep in mind while striking a deal? Read on. . .
The sector has been going through a slowdown.
The festival season holds out hope for the real estate industry as demand from end users increases in many markets.
As real estate is about a tenth of the Indian economy, the extent of black money floating around in the sector is huge.
Experts tracking the sector say the scheme is aimed at clearing inventory and boosting sales
Experts attribute this to new launches in anticipation of a demand revival after the 2014 general elections.
After the NHB asked housing finance cos to desist from offering interest subvention schemes, disbursement of loans are likely to get delayed, points out Tinesh Bhasin.
Budget has proposed an additional deduction of Rs 1.5 lakh for interest paid on loans borrowed up to end-March, 2020 for purchase of an affordable house, valued up to 45 lakh.
Listed realty developers saddled with unsold properties worth Rs 1 trillion
Only double-income households can buy flats in India's top 8 cities, except Mumbai
Although markets such as Mumbai and some places in the national capital region have continued to see a slowdown in the property markets over the last three years, developers were pinning their hope on the festive season.
Those looking to take advantage of current market conditions should buy only after conducting due-diligence.
Besides making property more expensive, these also affect the existing owners with higher taxes
Experts attribute this to economy slowdown and political uncertainty with the general elections round the corner.
Home seekers demand has exceeded supply and hence there is a possibility of rentals going up by atleast 10 percent.
Call it an expectation of revival in the real estate market or improving liquidity, bulge bracket property deals have made a comeback in the country's commercial capital.
The sector's performance in delivery also saw a decline -- only 23.5 per cent of the committed units were delivered during the first six months of this year, show data from research firm PropEquity.
The judiciary has started going beyond the technicalities of the agreements and awarding compensation to buyers.
Bankers say loan demand was more muted this festival season than last year.
Discounts up to 15% expected this festive season; analysts expect October-December period to garner sales of at least 60K units across seven major cities.
Big Mumbai developers' inventory at Rs 53.4 crore.
Laws in several states are inconsistent with the model Bill passed by Parliament.
Car sales dipped by 2.55 per cent in October, as the festival season demand for auto remained in slow lane.
The BSE Realty Index is on a downhill journey.
The seasons in 2012 and 2013 went by with hardly any property launches, mainly due to an economic slowdown and a need to clear the backlog
Developers are likely to start announcing their festive season offers soon, reports Sanjay Kumar Singh.
New law could pose challenges of cost escalation, increased paperwork, fear developers.
Real estate developers are banking high on ultra-luxury projects.
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As home deals are down to a trickle, most are looking at life beyond broking.
An airport in Noida could lead to higher user fees and diversion of traffic from Delhi, which has huge unused capacity.
India's top metro cities need to improve their infrastructure and other civic amenities too.
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