Real estate sales, highest launches since demonetization in January-June 2018: Report

Business



[ad_1]

Home sales rose 3% in January-June 2018 to over 1.24 million units in eight major cities despite falling prices, said Knight Frank India. Photo: Mint "title =" Home sales rose 3% in January-June 2018 to more than 1.24 million units in eight major cities despite falling prices, said Knight Frank India. Photo: Mint "clbad =" img-responsive "/> <p> Home sales rose 3% in January-June 2018 to over 1.24 million units in eight major cities despite a decline in price, said Knight Frank India. </p> </div> <p><b> New Delhi: </b> Home sales rose 3% in January-June 2018 to over 1.24 million units in eight major cities despite a fall "Real Estate Adviser Frank India <i>." India Real Estate </i> which tracks major real estate markets in eight cities: Delhi NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad, Pune and Ahmedabad. [19659003] "Sales and launches have increased over the past 18 months" The Knight report noted that new home starts in these eight cities increased by 46% over the January-June 2018 period to 91,739. of 62,738 a year ago, while inventories fell by 17% to 4,978,289 households, he added. </p> <p> Knight Frank's data showed that home sales in Delhi-NCR increased 5% to 18,047 units. Bangalore saw the maximum increase in sales of 22% to 25,802 units, while Mumbai experienced a marginal increase of 1% to 32,412 units. Housing sales in Hyderabad increased 5% to 8,313 units. Ahmedabad also saw a 3% increase to 8,087 units. </p> <p> Sales in Calcutta fell 19% to 6,591 units. Pune also recorded a 6% drop to 16,451 units, while sales to Chennai fell 3% to 8,585 units. </p> <p> "Despite increased launches, reduced prices, government reforms and incentives, demand for housing has not yet taken off," Knight Frank India (North) executive director Mudbadir Zaidi told reporters . </p> <p> The price decline has intensified in Mumbai, Pune and Kolkata at 9%, 8% and 8%, respectively. </p> <p> "An effective 10-15% drop in prices continues in cities like Bombay, NCR, Pune and Calcutta.Hyderabad is bucking the trend with an exceptional price growth of 8%, year-on-year , "said Zaidi. </p> <div clbad= First published: Wed, July 25 2018. 03 06 PM IST
[ad_2]
Source link

Tags

Powered by https://naaju.com/india | Designed by Naaju
© Copyright 2024, All Rights Reserved