[INDIA REAL ESTATE NEWS] Good morning, everyone. I’m Shashi kant shukla staff of Kamagroup. Here I have important INDIA REAL ESTATE news to share with you which is as mentioned under.|
NEW DELHI: Housing sales of nine major players, which are listed on stock exchanges, rose 11 per cent to nearly Rs 5,300 crore during the first quarter of this fiscal as home buyers are preferring organised players having good track record of execution, property consultant Anarock said.
The sales of these nine listed entities are expected to grow in the remaining period of this fiscal, it added. These nine companies are -- DLF, Godrej Properties, Mahindra Lifespace, Oberoi Realty, Prestige, Sobha, Puravankara, Brigade and Kolte-Patil.
"The robust sales and increased new launches by these top nine listed players are only likely to grow in the upcoming quarters, especially since homebuyers are now more skewed towards leading developers who assure them timely project delivery and quality construction," Anuj Puri, chairman of ANAROCK Property Consultants said.
In 2016-17, the new launches by these nine listed players in top seven cities comprised 5 per cent share of the overall launches, this share increased to 10 per cent as on 2018-19 and will increase steadily, he added.
"Adroitly following consumer demand, these developers have fine-tuned their product offerings and are launching projects in the high-demand affordable and mid-range segments," Puri said.
According to the report, these nine players together achieved a sales bookings of Rs 22,800 crore in the entire 2018-19.
Read more at https://economictimes.indiatimes.com/wealth/real-estate/housing-sales-of-9-listed-players-up-11-in-q1-to-rs-5300cr-momentum-to-continue-in-fy20-anarock/articleshow/72006604.cms
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