PropTiger

Housing sales across eight major cities rose 15 per cent in January-June despite slackening demand in Delhi-NCR, Bengaluru and Kolkata, according to real estate brokerage firm PropTiger. Sales of residential properties increased to 1,66,090 units in the first half of the 2023 calendar year from 1,44,950 units in the corresponding period of the previous year. As per the data of a housing brokerage firm, housing sales in Delhi-NCR declined 26 per cent in January-June this year to 7,040 units from 9,530 in the year-ago period. Bengaluru saw an 11 per cent decline in sales to 14,210 units from 16,020 units, while Kolkata witnessed a dip of 31 per cent to 4,170 units against 6,080 units. However, housing sales in Ahmedabad rose 23 per cent to 15,710 units from 12,790 units. Chennai saw a 2 per cent increase in sales to 6,680 units from 6,520 units, while Hyderabad witnessed a 24 per cent rise to 17,890 units from 14,460 units. In Maharashtra's top two property markets, sales were up 2

Housing sales and new supply increased 22 per cent and 86 per cent, respectively, during January-March this year on better demand, according to residential brokerage firm PropTiger.com. REA India, a full-stack real estate technology platform, owns Housing.com, PropTiger.com and Makaan.com. In its report titled Real Insight Residential - January-March 2023, PropTiger.com said that housing sales rose to 85,850 units across eight cities in January-March 2023 from 70,630 units in the year-ago period. New launches grew 86 per cent to 1,47,780 units -- highest in a quarter -- from 79,530 units. Reports of other property consultants have also reported an increase in housing sales during the January-March quarter despite a rise in mortgage rates in the last one year. "The Indian housing market is witnessing a significant growth, with both sales and new launches on the rise. This is particularly noteworthy considering the challenging global environment and the hardening of interest rates on

The Delhi-NCR market has 98,290 unsold housing units at the end of 2022 calendar year and it will take around five years for builders to sell these stocks at current sales velocity, according to PropTiger.com. In its latest report, housing brokerage firm PropTiger has mentioned that unsold inventory rose 17 per cent in 2022 to 8,49,510 units across eight major cities. Out of these, nearly 8.5 lakh unsold stocks, 80 per cent units are under construction, while 20 per cent homes are completed and ready-to-move-in. These cities are -- Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. With improvement in housing sales across 8 cities, the inventory overhang -- the estimated time builders would take to sell off the existing unsold stock based on the current sales velocity -- has declined to 33 months in 2022, as compared to 42 months during 2021, the consultant said. "Pune, Kolkata and Chennai have the lowest inventory overhang of

Demand likely to remain buoyant despite prospects of another rate hike; industry looking for tax breaks, lower transaction costs

Housing sales have risen 49 per cent year-on-year to 83,220 units in the July-September period across eight major cities on pent up demand, despite rise in interest rates and property prices, according to PropTiger.com. Sales stood at 55,910 units in the same quarter last year. The sales have surpassed the pre-pandemic levels of 2019's Q3 (July - September), housing brokerage firm PropTiger.com said on Thursday in its quarterly report Real Insight Residential -- July-September 2022. "The real estate industry is bouncing back from the pandemic and subsequent disruptions," said Vikas Wadhawan, Group CFO, PropTiger.com, Housing.com and Makaan.com. Despite the slight increase in overall interest rates, he said the demand for housing has not dipped. He attributed the rise in demand to renewed thrust towards home ownership. As per the data, housing sales in Mumbai jumped over two-fold to 28,800 units in the third quarter of this calendar year, from 14,160 units in the corresponding pe

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Despite the slight increase in overall interest rates, the demand for housing has not dipped.

Housing prices increased in the range of 3-7% last year across eight major cities due to rise in rates of construction raw materials like cement and steel, says property brokerage firm PropTiger.com.

Housing sales in Delhi-NCR rose 24 per cent year-on-year to 9,016 units during the first six months of this year on lower base and the demand is likely to remain strong during the festive season

Housing prices increase in Ahmedabad, Chennai, Kolkata and Pune were only marginal by 2-4 per cent

Housing.com, which is also backed by Softbank, Accel and SAIF Partners, has tied up with OYO Life and Zolo to promote their co-living spaces on its platform.

"Real estate developers in the key NCR markets had a total of 108,937 unsold units till the end of July 2019. Of these, 58,516 homes were priced at Rs 45 lakh or less," PropTiger said in a report

PropTiger said that the UAE is home to close to three million Indians, of which the majority lives in Dubai, Abu Dhabi and Sharjah

Layoffs are part of restructuring exercise to ensure optimal utilisation of resources in the combined entity

Deal to draw curtains on Housing, who fought with investors & employees, before being sacked in 2015

News Corp remains the largest shareholder of PropTiger, and also owns 61.6% of REA Group

NewsCorp backed digital advertising firm for property REA Group has invested $ 50 million in PropTiger, NewsCorp's online real estate listing firm in India after it acquired smaller rival Housing.com for an undisclosed sum. The new entity is valued around $ 250 million, a person familiar with the development said.PropTiger co-founder and chief executive officer Dhruv Agarwala will take charge as the head of the combined entity, with Jason Kothari, the CEO of Housing who was brought to fix the Rahul Yadav founded company will step down next month. Softbank, the biggest investor in Housing, when its former Vice Chairman Nikesh Arora made a $ 90 million bet on Yadav, would get a minority stake in the combined entity, in which it would invest an additional $ 5 million.NewsCorp, which owns 61.6 per cent of REA Group, will remain the largest investor of PropTiger and is betting on India's growing economy and middle class to tap newer opportunities in the sector."Clearly there is a ...

In September last year, both Housing and PropTiger got into a revenue-sharing agreement

Customers in the Mumbai market will be the first beneficiaries of the range of data points available on PropRates

To advance its technological platform to further enhance its hi-tech marketing solutions for developers