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[부동산] 바이러스 때문에 인도 부동산 매매가 중단되고, 4월부터 6월까지의 분기에 팔린 주택의 79% 감소
[INDIA REAL ESTATE NEWS] Good morning everyone I am Rumi Dhar from Kama Group.
Here I have important INDIA real estate news to share with you which is as mention under.

New Delhi: Housing sales during the April-June period in India's top eight cities dipped 79%
over the same period last year. As against 92,764 units in Q2 2019, only 19,038 units were
sold during April-June this year.

Affordable housing (units priced up to Rs 45 lakh) continued to dominate the real-estate
sector accounting for a 44% share of all sales. The cities covered in the PropTiger analysis
include Ahmedabad, Bengaluru, Chennai, Hyderabad, Kolkata, Delhi-NCR (Noida, Greater
Noida, Gurugram, Ghaziabad and Faridabad), the MMR (Mumbai, Navi Mumbai, Thane)
and Pune.

The development comes amid projections of India’s economy taking a severe beating on
account of the coronavirus-induced health and financial crisis. New launches of housing
projects as well as residential sales declined significantly in the country’s eight prime
residential markets during the April-June period.

The report titled 'Real Insight: Q2 2020', on the quarterly analysis by PropTiger indicates
that the pandemic has spurred a big change as far as the closing of real estate transactions
is concerned. More and more buyers switched to digital channels for their future purchases
due to the lockdown amid real estate gaining prominence as a preferred asset class as
huge volatility in other investment options, in the wake of the Covid-19 crisis.

New launches impacted
The decline in launches continues the trend that we have seen over the last six quarters
starting Q1'19.  Launches decreased 81% during the quarter ending June 30 to 12.564 units.  
The first half of this calendar year showed a similar declined with a 65% dip in new launches.  
Launches declined significantly across cities, especially in Mumbai, Pune, Kolkata and
Chennai.

"The delivery of existing projects may get pushed back depending on how quickly
supply-chain, labour availability and liquidity inflows are restored.  We are unlikely to see
new launches increase significantly for the next few quarters as developers wait for demand
revival and augment their cash flows through sales of existing units," said Mani Rangarajan,
Group COO, Housing.com, Makaan.com & PropTiger.com.


Read more at: https://realty.economictimes.indiatimes.com/news/industry/brookfield-asset-management-gears-up-for-500-700-million-reit-offering/77179234


KAMA GROUP
New Delhi
Have a nice day
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