[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 per cent 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 per cent on-quarter in Hyderabad, 326 per cent in Kolkata, 238 per cent in Mumbai
Metropolitan Region (MMR) and 164 per cent 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 per cent when compared with a year ago period.
These eight tier I markets have recorded sales of 42,297 units in September quarter, up 60
per cent from June quarter. Sales witnessed a maximum Increase of 68 per cent in Kolkata
followed by 64 per cent in Ahmedabad and 60 per cent each in MMR and Bengaluru.
Overall sales across tier I cities, however, declined 37 per cent from a year ago. Sales in the
National Capital Region (NCR) and Bengaluru wit ..
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