Sales across seven cities stood at around 1.07 lakh units for July-September (till date) as against 1.2 lakh in the same quarter last year. The sales represent an 11 percent decline over the same quarter last year, as well as sequentially, according to Anarock
In a trust-deficit market like Mumbai, selling under-construction projects is always a challenge, but the matter has been compounded with excessive competition and inflated prices.
RBI’s pause in the interest rate hiking cycle does not make a material difference to home loan EMIs in the near term and is, at best, a sentiment booster
Demand for homes is not likely to peak soon given a favourable affordability ratio. But risks may unfold in 2023 leading to some moderation in sales growth
Contracts to buy U.S. previously owned homes dropped to a two-year low in April, the latest indication that rising mortgage rates and higher prices were dampening demand for housing.
Input tax credit should be reinstated to keep projects affordable, says Razack
According to available data, the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Bengaluru and Pune together accounted for 79 per cent of the September quarter’s sales
UBS says a property price revival is at least two years away
Whether builders pass on the benefits will depend on the rising prices of steel and cement
In the Mumbai Metropolitan Region, October property registrations were at an eight-year high
The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month. That was the highest level since February 2007.
Home prices might not witness any major correction in 2017. In fact, they might see an upward move going forward. However, homebuyers can get good deals in the next few months as the industry grapples with the hangover of demonetisation.
In an interview to Moneycontrol, Amitava Mehra, CEO, IMGC, says he expects Finance Ministry Arun Jaitley to take measures to boost home sales.
Other data on Wednesday showed the services sector contracted in early February for the first time since October 2013 amid concerns about the economic outlook. Bad weather also hampered activity in the vast services sector.
Adrian Mowat of JPMorgan believes China is far from being in recession. He bases his argument on the strong data coming out of the country that shows that auto sales have risen 8% and home sales are up 20% this year
Spot gold had dropped 0.09 percent to USD 1,319.46 an ounce by 0008 GMT. It fell 2 percent on Wednesday as signs of continued economic recovery prompted funds to exit the bullion market after the metal hit a one-month high earlier in the day.
New home sales in the US last month rose to the highest level for more than two years in a further sign the housing market has turned a corner.
Home sales have fallen during the first half of 2012 in all major cities, including National Capital Region (NCR), Mumbai and Bangalore, as buyers postponed purchases in anticipation of cut in interest rates, global property consultant CBRE said in a report.
Due to rising economic and inflationary pressures, rankings for two major metros of the country - Mumbai and New Delhi slid down to 15th and 12th position respectively on the list of foremost real estate investment markets, a survey by consultancy firm PwC said.
Existing home sales rose more than expected in August to the fastest annual pace since March as falling prices and low interest rates drew more buyers into the market, the National Association of Realtors said.
Ashish Chugh, investment analyst and author of Hidden Gems joins CNBC-TV18 to cherry-pick some midcaps that could save your portfolio in these uncertain times. He advices buying shares of Surya Roshni and Ansal Properties at current price for good returns in future.
Factory output in the US central Atlantic region dropped to a two-year low in August and new home sales hit a five-month low in July, the latest signs to suggest the economy is at risk of stalling.
Oil pared gains on Friday as weaker-than-expected US pending home sales data for April triggered fresh concerns about the pace of recovery by the world's largest energy consumer and after a softer dollar initially lent support to prices.