Page 2 - Residential Property Market

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

Indian realty got $5.2 bn institutional investment in 2022, up 19%: Study

Warehousing, data centres will attract institutional investments in 'years to come', says JLL

Residential real estate sales to lag commercial in FY23: CRISIL

On the commercial real estate front, after a healthy performance in the first half of this financial year, net leasing will slow down in the second half owing to fears of an impending global recession

Buying a resale flat? Don't let the society rip you off on transfer charges

The amount they can charge is capped in many cities; you can go legal to avoid payment or even recover your money paid under pressure

All-round optimism over residential property sales in Q2: CREDAI report

There has been a renewed demand on sales of real estate properties across categories with an 'all-round optimism' in the residential sector witnessed during the July-September quarter, a report by CREDAI Chennai said. According to the realtor's body Confederation of Real Estate Developers' Associations of India (CREDAI), a total of 3,636 residential units were sold in Chennai during the July-September period, which is 16 per cent higher than previous quarter. Chennai alone accounted for 3,175 housing units, of the 3,636 units sold with the Old Mahabalipuram Road (OMR) popularly known as Information Technology corridor and Grand Southern Trunk (GST) Road becoming the most preferred locations among buyers, a report by CREDAI Chennai Research and Analysis Wing (RAW) said on Sunday. As many as 113 residential projects were registered with Tamil Nadu Real Estate Regulatory Authority (TN RERA)during the quarter ending September 30, 2022 comprising 5,232 residential units which was over 34

Hyderabad, NCR, Bengaluru top choices for NRIs investing in houses: survey

Study says over 77% of NRIs looking to buy bigger homes, with 54% favouring 3BHKs and 23% wanting 4BHKs

NRIs can repatriate funds from sale of two houses, say experts

For property bought as resident or inherited, up to $1 mn can be sent each year

Residential launches see 61% growth in Q3, says PropTiger report

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

Mumbai witnesses highest value of registered properties in last 5 years

Total registered value of residential properties in Mumbai clocked in at Rs 89,039 crore in the first half of the current calendar year (2022), with an average quarterly value of Rs 44,520 crore

E-registration of property promises freedom from long queues, touts

However, the procedure is currently limited only to primary sales in Maharashtra

Home sales growth or decline? Property market split over demand

Residential sales hit a nine-year high in the first half of this calendar year (CY), said UK-based property consultant Knight Frank in a report recently

Residential sales hit 9-year high in the first half of 2022: Knight Frank

The rise in sales is despite the overall prices of residential property rising over time. Prices, according to Knight Frank, increased across all markets in the range of 3 per cent - 9 per cent YoY

Apollo Global Management bets big on Indian realty with $1-billion plan

About 70 per cent of this year's lending will go to home builders and the rest to commercial developers.

Residential plot prices shoot up in big cities amid strong demand

Property consultants and developers say demand is rising owing to an increase in incomes in the IT industry and families preferring independent homes post-pandemic

Housing demand rises 4.6% QoQ in Q1, 2022; supply remains stable: Report

The prices of ready-to-move properties increased 1.7 per cent QoQ and 5.8 per cent year-on-year

Real estate group Alliance sells 3,686 homes worth Rs 2,290 cr in FY22

The company has lined up new launches of over 25 mn sq ft of residential projects for FY23

Registration of homes in Mumbai city down 26% in Jan to 7,732 units: Report

Registration of residential properties in Mumbai municipal area fell 26 per cent on an annual basis to 7,732 units due to restrictions on movements to curb the spread of the coronavirus pandemic

Delinquent Shimao, Kaisa units named and shamed as defaults rise in China

The total number of such delinquent firms jumped 26% in December from the previous month, according to the list published by the Shanghai Commercial Paper Exchange.