Page 36 - CV April-May 2019 issue

Housing sales up five per cent during January-March in nine major cities:
Prop Equity

ousing sales in Bengaluru were up Unsold inventories dipped to 5.91 lakh units witnessed 24 per cent rise in demand at
five per cent at 10,271 units, while from 6.16 lakh units at the end of December 4,108 units.
HChennai witnessed 24 per cent rise 2018 on higher sales and drop in new supply.
in demand at 4,108 units Sales in Mumbai went up by 12 per cent at
“With beneficial announcements for the real 5,619 units and by three per cent in Thane
Housing sales saw a five per cent rise at estate in the budget, we can witness further (near Mumbai) at 11,404 units.
56,146 units during January-March 2019 push to housing demand, especially in the
Noida in Uttar Pradesh posed 19 per cent
over the year-ago quarter in the nine major affordable and mid-income segment.
jump in sales at 1,097 units. However,
cities, driven by improved demand for Branded and large developers with good
Gurugram (Haryana) and Hyderabad clocked
finished projects, according to data analytics fundamentals are expected to do well this
29 per cent fall in sales at 2,918 and 3,216
firm PropEquity. New launches, however, year,” said Samir Jasuja, founder and
flats, respectively. Kolkata, too, saw a dip of
declined 7 per cent to 42,504 units in the first managing director (MD) of PropEquity.
22 per cent at 2,517 units.
quarter of 2019 as against the year-ago Housing sales rose in six cities but declined
period in these nine cities -- Gurugram, in three -- Hyderabad, Gurugram and
Housing demand is expected to rise from this
Noida, Mumbai, Kolkata, Pune, Hyderabad, Kolkata.
quarter on the back of lower GST. In this
Bengaluru, Thane and Chennai.
As per the data, Pune saw maximum rise in year's interim budget, tax incentives were
announced for purchase of second property.
“Indian real Estate market is currently an sales at 32 per cent at 14,996 units during
end-user driven market as ready-to-move-in January-March 2019 against the
PropEquity is an online subscription based
or nearing completion properties are being corresponding period of the previous year.
real estate data and analytics platform. The
preferred as they have minimum or no risk
Housing sales in Bengaluru were up five per company said it tracks over 98,370 projects
attached to them,” PropEquity said in its
cent at 10,271 units, while Chennai of 26,881 developers across 42 cities in
report.
India.
34 / CONSTRUCTION VISION / May June 2019