Residential Property Market

German property market grows but industry cautious on slow economic rebound

Germany has so far been Europe's hardest hit in a real estate rout that has also struck China and the United States

Indian cities see 45% residential price hike in last 5 years: Anarock

Bagaluru, a locality in Bengaluru Urban district, recorded the highest price appreciation of 90 per cent between 2019 and the first half of 2024

Avg housing prices jumps nearly 50% in Delhi-NCR, Mumbai in 5 yrs: Anarock

Average housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen by nearly 50 per cent in the last five years, driven by higher demand, according to Anarock. Real estate consultant Anarock's data shows that the average rate of residential properties in Delhi-NCR has risen by 49 per cent to Rs 6,800 per square foot in January-June 2024 from Rs 4,565 per square foot in the same period of the 2019 calendar year. Similarly, in the MMR, the average housing prices grew 48 per cent to Rs 15,650 per square feet from Rs 10,610 per square feet during the period under review. Anarock has attributed the rise in prices to steep hikes in construction costs and healthy sales. Prices in both regions had maintained the status quo from late 2016 to 2019, it pointed out. "The COVID-19 pandemic was a boon for these two residential markets, causing demand to soar to new heights. Initially, developers induced sales with offers and freebies, but with demand heading north, they gradual

Signature Global Q1 sales bookings jump 3.5X to Rs 3.1K cr on strong demand

Realty firm Signature Global on Sunday reported a 3.5 times jump in sales bookings to Rs 3,120 crore for the April-June quarter on high demand for its housing projects. The company's sales bookings stood at Rs 820 crore in the year-ago period. According to a regulatory filing, Signature Global sold 968 units in the first quarter of this fiscal against 894 units in the corresponding period of the previous year. In terms of volume, its sales bookings more than doubled to 2.03 million square feet from 0.91 million square feet a year earlier. Signature Global Chairman Pradeep Kumar Aggarwal said the company continues to ride on a high growth trajectory, achieving robust pre-sales and collection figures for the third consecutive quarter. "We ended the last fiscal year on an exceptional note, exceeding our guidance by a substantial margin in both pre-sales and collections. This fiscal year, we have set an ambitious target of achieving Rs 10,000 crore in pre-sales. Remarkably, in the fir

80% developers expect increase in housing demand from NRIs in 2024: Report

Overall housing demand in country to increase by up to 25%, it says

Section 54F: Avoid capital gains tax on jewellery sale with house buy

In India, no tax has to be paid on inheriting gold, but its sale triggers capital gains tax

Prestige Estates Q3 sale bookings jump over 2-fold to Rs 5,326 cr

Prestige Estates on Tuesday reported more than two-fold jump in sale bookings to Rs 5,326.1 crore for the third quarter of this fiscal driven by strong demand for residential properties. In a regulatory filing, Bengaluru-based Prestige Estates Projects Ltd informed that it clocked sale bookings of Rs 5,326.1 crore during October-December FY24, up 111 per cent year-on-year. During the quarter, Prestige Estates sold 5.46 million square feet area with an average realisation of Rs 9,762 per square feet (for apartments /villas). In April-December FY24, Prestige Estates' sale bookings rose 81 per cent annually to Rs 16,333.4 crore. The company sold 16.13 million square feet area with an average realisation of Rs 10,143 per square feet (for apartments/ villas). The number of units sold in the first nine months and the third quarter of this fiscal stood at 8,402 and 2,467, respectively. Irfan Razack, Chairman and Managing Director, Prestige Group said, "The trust shown by over 8,400 fami

Indian real estate in 2023 saw highest investment inflows since 2020

The leading sources of foreign capital in Indian real estate were Canada and Singapore accounting for 78% of the total inflows

Housing sales in Gurugram up 13% in 2023; down 7-8% in Noida: Anarock

Housing sales in Gurugram rose by 13 per cent annually in 2023 on high demand, especially for luxury flats, but Noida and Greater Noida saw a 7-8 per cent fall, according to Anarock data on the Delhi NCR market. Real estate consultant Anarock's data showed that sales of residential properties in Gurugram went up 13 per cent to 36,970 in 2023 from 32,615 units in the previous year. However, sales in Noida fell 8 per cent to 5,840 units from 6,360 units. Greater Noida saw a 7 per cent drop in sales to 10,180 units from 10,985 units. Ghaziabad, too, witnessed a fall of 8 per cent to 6,340 units from 6,890 units. The total housing sales in Faridabad, Delhi and Bhiwadi decreased to 6,295 units during 2023 from 6,860 units in the previous year. Overall, the Delhi-NCR saw only a marginal growth of 3 per cent in housing sales to 65,625 units during 2023 from 63,710 units in the previous year. Anarock Group Regional Director & Head of Research Prashant Thakur said, "Apart from Gurugram, ..

MICL Gr to invest Rs 50 cr for residential property redevelopment in Mumbai

The site is located at Mumbai's Pali Hill, the epitome of upscale living with scenic views, affluent residences, and a vibrant cultural scene, surrounded by lush greenery

Mumbai reports 4th highest rise in home prices globally: Knight Frank

The price rise was the steepest in Manila at 21.2%, followed by 15.9% in Dubai and 10.4% in Shanghai

Global residential prices fall but high demand keeps Indian cities costly

The global rank of top Indian cities in terms of residential price rise has jumped significantly: Knight Frank

Stock of this realty company has zoomed 71% in the past 6 days

The counter that hit a 52-week low of Rs 42.39 on August 29, 2023, traded at a record low of Rs 37.96 in March 2009. It had hit a record high of Rs 581.24 in December 2007

Residential sales in India poised to breach decadal high this year: CBRE

Led by demand for homes priced between Rs 1 crore and Rs 1.5 crore, the sale of 300,000 units this year is expected to be much higher than the five-year average of 187,000 units

Mumbai to see the highest rise in residential prices in the world in 2024

At 48.8%, Dubai saw the steepest price rise in home prices in the quarter that ended on June 31 as compared to the same quarter last year: Knight Frank

Rentals up 20% as landlords take advantage of the 'return to office'

NoBroker's mid-year report on real estate trends sheds light on rental and buyer preferences as well as the key trends driving prices in the sector

Indian real estate sentiment score rose between April-June: Knight Frank

In all the zones, the sentiment was the highest in the East zone, followed by the North and West

Building projects grew by over 94% in Chennai's residential segment in Q1

Constructed projects in the residential segment in the city grew by 94.89 per cent during the January-March 2023 quarter, a study undertaken by real estate body CREDAI said on Saturday. The Research and Analysis Wing (RAW) of the Confederation of Real Estate Developers Association of India in its report said central Chennai accounted for 29 per cent of the projects followed by the city's south at 26 per cent. Despite the increase in the sales of constructed projects, the number of units registered during the quarter dropped by nine per cent. During the first quarter of calendar year 2023 (January-March), as many as 5,759 residential units were registered as against 2,955 units registered during the January-March 2022 period. "When compared to Q1-2022, we are overall pleased with the performance of the first quarter of 2023 and have generally met our expectations, regardless of a large decline in the number of projects and units registered in March 2023," CREDAI Chennai President S

Housing inventory overhang lowest in 5 years on the back of robust sales

Data from Anarock showed that inventory overhang was the lowest in Bengaluru at 13 months

Despite hike in prices, sale of residential properties rises in Delhi NCR

In terms of new launches, Delhi NCR witnessed negative growth of 28% in 2022 at 15,699 units as compared to the preceding year