[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.
MUMBAI: Residential launches across India’s top eight property markets have witnessed a
major upturn with 68 percent jump during the quarter ended September over the previous
quarter that was marked by the lockdowns owing to the outbreak of Covid19 pandemic.
The growth in housing launches was led by Hyderabad, Kolkata, Mumbai and Pune.
Launches rose 658 percent on-quarter in Hyderabad, 326 percent in Kolkata, 238 percent
in Mumbai Metropolitan Region (MMR) and 164 percent in Pune, showed data from Liases
Foras Real Estate Rating & Research.
While sales, launches and inventory levels have improved sequentially from the lockdown quarter, the performance remains far from recovering to the year-ago levels.
Launches continue to be down 70 percent when compared with a year-ago period.
These eight-tier I markets have recorded sales of 42,297 units in the September quarter, up 60
percent from June quarter. Sales witnessed a maximum Increase of 68 percent in Kolkata
followed by 64 percent in Ahmedabad and 60 percent each in MMR and Bengaluru.
Overall sales across tier I cities, however, declined 37 percent from a year ago. Sales in the
National Capital Region (NCR) and Bengaluru witnessed maximum decline of 47 percent and
46 percent, respectively on from a year ago followed by 37 percent in Ahmedabad and 32
percent in Kolkata. Least decline of sales was seen in Chennai by 22 percent and Pune by
Read more at: https://realty.economictimes.indiatimes.com/news/residential/top-eight-markets-q3-residential-launches-record-68-rise-report/78912843
Have a nice day