Page 6 - Housing

Getting homebuyers off the fence: Do not time the market, say experts

Instead enter with a long-term horizon; go for quality projects

Amendment in housing regulations gets DDA nod to attract more buyers

The decision was taken during a meeting via video-conferencing, held under the chairmanship of Lt Governor Anil Baijal, who is also the chairman of Delhi Development Authority (DDA).

House price rises to pick up pace in 2022, 2023: Property analysts

The Indian real estate sector is expected to account for 13% of India's GDP by 2025, according to NITI Aayog, the official public policy advisory to New Delhi.

Registration of homes in Mumbai city down 4% to 9,805 units in Feb: Report

Registration of homes in the Mumbai municipal region fell 4 per cent year-on-year to 9,805 units in February this year, according to a property consultant. As many as 10,172 units were registered in the same month last year. However, homes registrations in February rose 20 per cent from 8,155 units in the previous month. Knight Frank India said in a statement that Mumbai city (MCGM area) witnessed a total property sale registration of 9,805 units in February 2022. The data includes the registration of homes purchased in primary and secondary (re-sale) markets. Knight Frank India Chairman and Managing Director Shishir Baijal said: "As we expected, the Mumbai property market has regained its sales momentum based on the continuous demand the city has been witnessing". The buyers continue to feel empowered to make their purchases backed by lower interest rates and price discounts, he added. "The endusers do not want to lose out on the opportunity to make their purchase at the right

Housing registration in Mumbai-MMR up 53% to 242,000 units in 2021

Registration of homes in Mumbai Metropolitan Region rose 53 per cent last year to 2.42 lakh units, driven by stamp duty reduction by the Maharashtra government and low interest rates on home loans

Maha cabinet waives off property tax for houses up to 500 sq ft in Mumbai

The Maharashtra cabinet on Wednesday approved the state government's decision to waive property tax on houses upto 500 sq ft in Mumbai.

DLF launches luxury housing project in Delhi; starting price Rs 3 crore

DLF is developing this project in partnership with Singapore sovereign wealth fund GIC

Housing finance majors likely to outperform in December quarter

Among others, vehicle financiers are expected to post sequential growth

Housing sales up 71% to 236,530 units in 2021 in top-seven cities

The demand fell short of pre-Covid levels

Ahmedabad most affordable housing mkt; Mumbai unaffordable: Report

Ahmedabad is the most affordable housing market among eight major cities while Mumbai is unaffordable due to high EMI to total income ratio, according to Knight Frank. According to Knight Frank's Affordability Index 2021 report released on Wednesday, Indian markets are at their decadal best in terms of housing affordability. Decline in house prices and multi-decade low home loan interest rates have helped improve housing affordability in 2021, it added. The affordability index indicates the proportion of income that a household requires, to fund the equated monthly instalment (EMI) of a housing unit in a particular city. So, the index level of 40 per cent for a city implies that on an average, households in that city need to spend 40 per cent of their income to fund the EMI of housing loan for that unit. An EMI to total income ratio over 50 per cent is considered unaffordable. Knight Frank said that the affordability ratio in Delhi-NCR improved maximum, from 38 per cent in 2020 t

Housing sales to hit pre-Covid level in 2022; rates may go up 5-10%: Report

Housing sales are likely to reach pre-Covid level in the next year while rates may appreciate by 5-10% during 2022, according to property consultant Anarock.

Registration of housing properties in Mumbai down 18% in November

Registration of housing properties in Mumbai municipal region fell by 18 per cent in November to 7,582 units, but numbers during January-November jumped over twofold to 102,232 units, the highest in last one decade, according to Knight Frank. The registration of homes stood at 7,582 units in November last year. During January-November 2020, 46,052 homes were registered. Registration data is of transactions made in both primary and secondary (re-sale) residential markets. "Mumbai city (MCGM region) property sale registrations have crossed the 100,000 mark for the first time in a decade. The earlier high during the last 10 years was 80,746 units in 2018," Knight Frank India said in a statement. The consultant attributed the fall in registrations number in November 2021 to a lower stamp duty rate of 2 per cent in the same month last year. Shishir Baijal, Chairman & Managing Director, Knight Frank India, said: "The consumer sentiment in Mumbai housing market remains strong. The growth

Demonetisation to now, black money in housing deals down 80%, says Anarock

In the pre-demonetisation period, new supply outstripped housing sales - whereas, in the post-demonetisation period, housing sales overtook new supply in the top 7 cities

An apartment sale in HK sets a new Asia record for most-expensive housing

The apartment on the Peak, a luxury residential area on Hong Kong Island, came with three parking spaces and is measured at 4,544 square feet

India's furniture and home market set to reach $40 billion by 2026: Report

Driven by pent-up and deferred demand, India's online furniture and home market is geared up to reach $40 billion in the next five years, a new report showed

Registration of homes in Mumbai city up 8% to 8,576 units in Oct

As compared to pre-pandemic October 2019, registrations grew by 48 per cent in October 2021

Affordable Housing in the Country - Need of Time

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Housing sales on recovery road, up 59% annually in Jul-Sep across 8 cities

Housing sales across eight major cities registered an annual growth of 59% during July-September at 55,907 units, but demand jumped over three-fold against the previous quarter

Affordable housing finance cos loan book grows 10% in June: Report

The AHFC industry's reported gross NPA/Stage 3 (excluding data for one player) stood at 2.1 per cent as of June 30, 2021

Housing sales in MMR surge over 3-fold to Rs 1.33 trillion in Jan-Aug

During January-August 2020, the MMR saw sales of Rs 41,353 crore only because of the adverse impact of the COVID-19 pandemic.