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Budget Housing

Housing sales in Gurugram down 12% during Jan-Mar; up 19% in Noida: Report

Housing sales in Gurugram fell 12 per cent year-on-year in January-March, while the demand for residential properties increased in Noida by 19 per cent, according to Anarock. Real estate consultant Anarock's data showed that housing sales in Gurugram's primary market (first sale) declined 12 per cent to 8,550 units in the January-March period this year from 9,750 units in the year-ago period. In contrast, Noida saw a 19 per cent increase in housing sales to 1,600 units during January-March this year from 1,350 units in the corresponding period of the previous year. Commenting on the trend, Anarock Vice Chairman Santhosh Kumar said, "The demand continues to be strong in Gurugram. Still, sales dipped in the IT city due to a fall in new supply. Many builders did not get approvals to launch projects". There would be more launches of housing projects in Gurugram after the Lok Sabha election, he added. As per the data, housing sales in Greater Noida declined by 19 per cent to 2,350 unit

Housing sales in Gurugram down 12% during Jan-Mar; up 19% in Noida: Report
Updated On : 31 Mar 2024 | 2:57 PM IST

Housing sales up 31% in 2023, 476,530 units sold in top 7 cities: Anarock

Housing sales rose 31 per cent this year to nearly 4.77 lakh units -- an all-time high -- across seven major cities, despite price appreciation by an average 15 per cent, and higher mortgage rate, according to Anarock. Real estate consultant Anarock on Thursday released the annual data of seven major primary housing market, showing that housing sales increased to 4,76,530 units this calendar year from 3,64,870 units in 2022. Anarock Chairman Anuj Puri said, "2023 has been phenomenal for the Indian housing sector, despite global headwinds, rising domestic property prices, and interest rate hikes over the first half this year." Housing sales in the top 7 cities breached the previous high of 2022, and new launches stayed in step with the current housing demand, he added. Puri said it was widely expected that rising property prices and interest rates, along with global market uncertainties, would impact residential sales, but high demand sustained. As per the data, Mumbai Metropolitan

Housing sales up 31% in 2023, 476,530 units sold in top 7 cities: Anarock
Updated On : 28 Dec 2023 | 12:05 PM IST

Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing

Business Standard brings to you the top headlines on Thursday

Top headlines: Kerala seeks Sputnik V plant; Covid crimps budget housing
Updated On : 22 Jul 2021 | 7:09 AM IST

Covid crimps budget housing market as consumers cut down on expenses

Data shows the share of affordable homes in the overall new launches in the top seven metros fell sharply since the Covid-19 pandemic upended lives in India

Covid crimps budget housing market as consumers cut down on expenses
Updated On : 22 Jul 2021 | 6:10 AM IST

Mahindra, HDFC Capital tie up for budget housing

The proposed projects will be undertaken through Mahindra Happinest Developers

Mahindra, HDFC Capital tie up for budget housing
Updated On : 19 Oct 2017 | 1:28 AM IST