The Real Deal in Festive Season 2019
Top 7 cities saw housing sales improve by 51% in Q4 2018 against Q4 2017 Sales in the festive quarter of 2018 were 69,860 units City-wise sales increases in festive season 2018 Affordability – prices rose just 14% across the top 7 cities between 2013 and Q3 2019
- 10/10/2019
- 4
Repo Rate Cut of 25 bps – A Notional Nudge
In the April-June 2019 quarter, India's GDP grew only by 5% - the slowest pace in over six years. Consumers are spending less on everything from FMCG to automobiles – and, of course, real estate. Naturally, the sector eyes RBI's monetary policy for cuts in the key lending rates to support the various measures taken by the government to boost consumption sentiment.
- 04/10/2019
- 0
India: Housing Absorption Dips 20% q-o-q, New Launches Down 34% in Q3 2019
Top 7 cities saw 55,080 units sold in Q3 2019 against 68,600 units in Q2 2019; yearly decline recorded at 18% over Q3 2018. New launches fell from 69,020 units in Q2 2019 to 45,230 units in Q3 2019, 13% y-o-y decline from 52,130 units in Q3 2018. Kolkata & Chennai see lowest quarterly sales drop of 12% each; Hyderabad records highest drop at 26%. Unsold inventory in top cities declined meagrely by 1% – from 6.66 lakh units in Q2 2019 to 6.56 lakh units in Q3 2019; Hyderabad sheds maximum unsold stock of 5% in a quarter. 41% new supply of Q3 2019 in affordable segment, 36% in mid-segment (priced INR 40-80 lakh). Property prices largely remained stagnant across cities. Recent Govt. sops boost sentiment at onset of festive season; housing sales may increase in upcoming quarters.
- 30/09/2019
- 4
Average Flat Sizes Shrink 27% Since 2014; NCR Sees Least Decline
Avg. property sizes decline from 1,400 sq. ft. in 2014 to 1,020 sq. ft. in 2019 NCR sees least decline of 6%, followed by Chennai with 8% and Bengaluru & Kolkata with 9% each MMR & Pune see highest decline of 45% and 38% respectively Avg. property sizes currently highest in Hyderabad at 1,570 sq. ft.; MMR has least with 530 sq. ft. area Affordable homes priced <INR 40 lakh see maximum decline of 28%; Bangalore sees max. decline of 33% within this segment
- 23/09/2019
- 1
FM Slashes Corporate Tax
In another positive and a bold step to help revive the economy from its slumber, the FM has slashed the corporate tax rates to 25.75% from earlier 30%. This big-bang move will have a rippling impact on all sectors including real estate as it will encourage foreign institutional investors to invest in the country.
- 20/09/2019
- 4
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