Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

New Delhi, <keyword id="1390483" type="General" weightage="20" keywordseo="Housing-sales" source="Orion">Housing sales</keyword> rose 8 per cent annually during the April-June period to 80,250 units across eight major cities, mainly on increased demand in Mumbai and Pune, according to PropTiger. Sales stood at 74,320 units in the year-ago period across primary (fresh sales) residential markets of the top eight cities. The housing brokerage firm on Wednesday released its Real Insight Residential - April-June 2023 report, stating that housing sales rose in three cities Mumbai, Pune and Ahmedabad but declined in other five major cities -- Delhi-NCR, Bengaluru, Hyderabad, Chennai and Kolkata. "India's top eight residential markets continue on a growth path. The RBI's decision to pause the hike in the key lending rate helped in sustaining strong positive sentiments for buying residential properties," Vikas Wadhawan, group CFO of REA India, said. PropTiger, Housing.com and Makaan.com platforms are owned by REA India, which is part of Australian firm REA, and News Corp. "The driving factors behind the uptick in housing sales over the last two years are pent-up demand from the COVID-affected period, growing appetite for home ownership, revival in the economy post-pandemic, and the evolving need for more spacious homes," he said. As per the data, housing sales in Ahmedabad increased 17 per cent to 8,450 units during the April-June period to 7,240 units in the year-ago period. Bengaluru saw a 19 per cent decline in sales to 6,790 units from 8,350 units while Chennai witnessed a 5 per cent fall to 3,050 units from 3,210 units. Housing sales in Delhi NCR fell 28 per cent to 3,230 units from 4,510 units. Hyderabad too witnessed a 3 per cent drop in demand to 7,680 units from 7,910 units. Housing sales in Kolkata decreased 40 per cent to 1,940 units from 3,220 units. Mumbai Metropolitan Region (MMR) saw a 16 per cent increase in sales to 30,260 units during April-June period from 26,160 units in the year-ago period. In Pune, sales increased 37 per cent during April-June to 18,850 units from 13,720 units in the corresponding period of the previous year. Delhi-NCR market includes Gurugram, Noida, Greater Noida, Ghaziabad and Faridabad while MMR includes Mumbai, Navi Mumbai and Thane. REA India Head of Research Ankita Sood noted that MMR and Pune contributed 61 per cent to total housing sales across 8 cities. Demand in localities such as Thane West and Dombivali in Mumbai and Charholi Budruk and Hadapsar in Pune have been high, she said. In terms of new housing supply, PropTiger reported that launches increased 11 per cent to 1,13,770 units during the April-June from 1,02,140 units in the corresponding period of the previous year.

Housing property sales in Bengaluru, Delhi sees a decline but Mumbai, Pune maintain pace

<keyword id="6358070" type="General" weightage="100" keywordseo="mumbai" source="Orion">Mumbai</keyword>, <keyword id="13749453" type="General" weightage="20" keywordseo="housing-sales-in-mumbai" source="Orion">Housing sales in Mumbai</keyword> are likely to cross Rs 1 lakh crore this calendar year and may breach the Rs 2 lakh crore-mark in 2030 on rising demand, according to a report. Realtors body <keyword id="6404896" type="General" weightage="80" keywordseo="naredco" source="Orion">Naredco</keyword>'s Maharashtra chapter and property consultant JLL India on Friday released a report "Unlocking Opportunities with Infrastructure Development" here. The report noted that Mumbai maintains its position as one of India's largest residential markets, contributing 40 per cent to the total residential sales value in the country. In number of units, the Mumbai market accounts for 25 per cent of total sales volume across seven cities. "The market has witnessed a strong recovery in sales with 2022 surpassing 2018 both in terms of sales value and sales volume," the report said. In 2023, sales of residential units in Mumbai are expected to increase further. "Residential sales value is likely to breach the Rs 1 lakh crore mark." Sales would breach the Rs 2 lakh crore mark in 2030, the consultant estimated. Mumbai witnessed sales of Rs 90,552 crore during the 2022 calendar year and Rs 50,075 crore in the first half of this calendar year. Pre-Covid, the housing sales in Mumbai stood at Rs 60,928 crore in 2019 and Rs 66,820 crore in 2018. Mumbai city has demonstrated a robust recovery in 2022, witnessing an increase in both sales value and volume. "Maharashtra is amid a remarkable transformation driven by the visionary approach of its government towards infrastructure development. The opportunities that lie before us are boundless, and it is our shared responsibility to harness them, for the betterment of the state and the advancement of the real estate sector," Sandeep Runwal, President of NAREDCO Maharashtra and MD of Runwal Developers, said. Karan Singh Sodi, Senior Managing Director, Mumbai, MMR, India, JLL, said individuals have a preference for staying close to office markets. "Owing to this, residential clusters in proximity to office markets have flourished and attracted steep prices whereas those with limited connectivity have trailed," Sodi said. During the past three years, Mumbai's housing market, particularly in the luxury segment, has demonstrated a consistent upward trajectory, Ashwin <keyword id="297510" type="General" weightage="50" keywordseo="chadha" source="Orion">Chadha</keyword>, CEO of India Sotheby's International Realty, said. "The surge in demand has propelled both supply and prices, leading to an anticipated expansion in market size," Chadha said.

Housing sales in Mumbai likely to cross Rs 1 lakh cr this year: Naredco-JLL

<keyword id="1390483" type="General" weightage="20" keywordseo="housing-sales" source="Orion">Housing sales</keyword> rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, real estate consultant Anarock said average <keyword id="6468581" type="General" weightage="20" keywordseo="housing-prices" source="Orion">housing prices</keyword> across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent. Anarock highlighted that quarterly sales in July-September touched an all-time high. In housing data, sales of apartments, villas and independent floors are included while plots are excluded. Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales. Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent monetary policies. "This has kept <keyword id="173069" type="General" weightage="20" keywordseo="home-loan-interest" source="Orion">home loan interest</keyword> rates stable, keeping housing purchase sentiment high," he added. According to the data, housing sales in Delhi-NCR rose 6 per cent to 15,865 units during July-September 2023 from 14,970 units in the year-ago period. In MMR, housing sales increased 46 per cent to 38,500 units from 26,400 units during the period under review. Housing sales in Bengaluru went up 29 per cent to 16,395 units during July-September this year from 12,690 units in the corresponding period of last year. In Pune, sales grew maximum by 63 per cent to 22,885 units from 14,080 units. Sales of <keyword id="135249" type="General" weightage="20" keywordseo="residential-properties" source="Orion">residential properties</keyword> in Hyderabad increased 41 per cent to 16,375 units from 11,650 units. In Chennai, housing sales rose 42 per cent to 4,940 units from 3,490 units. Housing sales in Kolkata went up 7 per cent to 5,320 units during July-September from 4,950 units in the year-ago period. "The ever-rising aspiration of owning a home mainly driven by rising income levels has meant a strong demand for housing over the last couple of years. The trend is expected to continue in the foreseeable future," Gurugram-based realty firm Krisumi Corporation Managing Director Mohit Jain said. The demand for <keyword id="457183" type="General" weightage="20" keywordseo="luxury-housing" source="Orion">luxury housing</keyword> too is likely to remain strong amid the desire for upscale living experiences, he said. "Keeping pace with the demand for luxury homes, the supply is also expected to remain strong," Jain said.

Housing sales up 36 pc in Jul-Sep in top 7 cities to record 1,20,280 units: Anarock

Housing sales drop 11% in top 7 Cities in Q3 2024: Here’s what you need to know!

<ul> <li>Housing sales rose by a whopping 71% in the first quarter of the current year, as compared to the same quarter two years back.</li><li>As many as 6.65 lakh units are yet to be sold across top seven cities</li><li>Bangalore was the biggest winner in this trend as its unsold inventory went down by 44%</li></ul>Indians buyers are coming home to the real estate sector. In the top seven cities, the housing sales rose by a whopping 71% in the first quarter of the current year, as opposed to the mere 46,000 units sold in the same quarter, two years back, according to ANAROCK Property Consultants. The <keyword id="7695553" type="UNKNOWN" weightage="20" keywordseo="Indian-Housing-sector">Indian housing sector</keyword> has started coming out of the shadows after a state of stagnation for over four years. Favourable property prices along with cuts in Goods and Services Tax (GST) and home loan rates are helping the sector recover from its lows. “The extremely worrisome trend of rising inventory since 2014 onwards has effectively been arrested, with data clearly suggesting a q-o-q unsold stock decline in the seven main cities from Q1 2017 onward. In the coming quarters, a stable government at the Centre will boost buyer confidence further and increase housing sales velocity,” said a report by ANAROCK Property Consultants. Bangalore clocks in sales As many as 6.65 lakh units are yet to be sold across the top seven cities of Delhi-NCR, Mumbai metropolitan region, Bangalore, Hyderabad, Chennai, Pune and Kolkata. Currently, these seven cities are holding on to inventory which will probably get sold in 30 months. In the same quarter two years back, it was at 50 months. In real estate, an inventory overhang of over 18-20 months is considered healthy. Bangalore was the biggest winner in this trend as its unsold inventory went down by 44%, indicating high sales. Hyderabad’s pent up inventory went down by 21%. Delhi NCR went down by 18%, but the only city which remained untouched by this trend is Mumbai metropolitan. Its unsold inventory went down by a mere 4%! This increase in interest in the sector has come even without large scale movement in prices of properties. “Average property prices across cities have largely maintained status quo and saw less than 2% rise in the last two years – from INR 5,480 per sq. ft. in Q1 2017 to INR 5,570 per sq. ft. in Q1 2019,” said Anuj Puri, chairman of ANAROCK Property Consultants.

Cuts in home loan rates push sales across top cities

<ul><li>Sales of previously owned homes leaped 9.4% in September to a seasonally adjusted annual rate of 6.54 million, the National Association of Realtors <a href="https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september">announced</a> Thursday.</li><li>The reading marks the fourth-straight month of accelerating sales, and the latest rate is the fastest since 2006.</li><li>Economists surveyed by Bloomberg expected the sales rate to climb to 6.3 million from August's revised 5.98 million.</li><li>The US <keyword id="189423" type="PERSON" weightage="60" keywordseo="housing-market">housing market</keyword> has served as a bright spot in the slowing economic recovery as record-low mortgage rates drive more Americans to buy units.</li></ul><ul class="summary-list"></ul>Existing-home sales in the US beat expectations in September as historically low mortgage rates further fueled the <keyword id="35061" type="ORGANIZATION" weightage="60" keywordseo="housing">housing</keyword> market's rally.Sales surged 9.4% to a seasonally adjusted annual rate of 6.54 million last month, the National Association of Realtors <a href="https://www.nar.realtor/newsroom/existing-home-sales-soar-9-4-to-6-5-million-in-september">announced</a> Thursday. That pace is the fastest since 2006 and comes after four consecutive months of acceleration in sales. It also stands 21% higher from the year-ago period.Economists surveyed by Bloomberg expected the rate to climb to 6.3 million. August's pace of sales was revised lower to 5.98 million.Read more: <a href="https://www.businessinsider.com/global-growth-stock-strategy-tips-wcm-fund-manager-mike-trigg-2020-10">World-beating fund manager Mike Trigg is bringing in huge returns by investing in 3 high-growth areas his peers neglect. He shares the keys to betting on each.</a>"<keyword id="6429634" type="UNKNOWN" weightage="60" keywordseo="home-sales">Home sales</keyword> traditionally taper off toward the end of the year, but in September they surged beyond what we normally see during this season," Lawrence Yun, NAR's chief economist, said in a statement.The median price for previously owned homes climbed 14.8% from the year-ago period to $311,800. Prices rose in all four regions of the country.Total inventory sank 1.3% to 1.47 million, down 19.2% from the year-ago period. The count supports another 2.7 months of sales should the current pace continue. That represents the tightest supply on record.The housing market has served as a bright spot during the slowing US economic recovery. The Federal Reserve's plan to maintain near-zero interest rates for years dragged on mortgage rates and spurred increased demand for homes.Read more: <a href="https://www.businessinsider.com/investing-trading-strategy-jim-rogers-8-rules-for-big-returns-2020-10">Market wizard Jim Rogers started trading with $600 and now has a reported net worth of $300 million. He shares the 8 trading rules that ensured his success.</a>The average 30-year fixed mortgage rate sank to 2.8% this week, the lowest level in <a href="https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-continue-trend-down?_ga=2.115851270.1886770291.1603381990-1176812914.1602776509">Freddie Mac data</a> going back nearly 50 years. The reading also marked the 11th record low for the average rate this year.The Thursday report suggests home sales will continue to skyrocket through the end of the year after rallying in the summer. Though the boost has lifted homebuilder sentiment to a record high, contractors are struggling to keep up with demand. Lot shortages and heightened supply costs present some near-term hurdles.Still, single-family housing starts leaped 8.5% to a rate of 1.11 million units per month in September, according to the Commerce Department. Multi-family housing starts, however, tumbled 16.3% to a pace of 307,000 units. The disparity could play a role in the extended climb in median prices, as single-family homes typically cost more. Sales of newly built homes will be released on Monday.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-rally-best-inflation-trade-tudor-jones-cryptocurrency-btc-2020-10-1029711282">Billionaire investor Paul Tudor Jones calls bitcoin 'the best inflation trade' as token surges above $13,000</a><a href="https://markets.businessinsider.com/news/stocks/goldman-sachs-record-settlement-fine-hong-kong-1mdb-fund-scandal-2020-10-1029710679">Goldman Sachs faces record $350 million fine from Hong Kong over 1MDB scandal</a><a href="https://www.businessinsider.com/investing-strategy-fed-insider-2-areas-opportunity-danielle-dimartino-booth-2020-10">Big investors pay thousands of dollars for Danielle DiMartino Booth's research. The former Fed advisor explains how the central bank has distorted markets — and shares 2 areas where analytical traders can still find returns.</a>

US existing home sales spike to fastest rate since 2006 as housing-market boom accelerates further

<keyword id="1390483" type="General" weightage="50" keywordseo="housing-sales" source="Orion">Housing sales</keyword> rose 36% year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock. Housing sales stood at 88,230 units in the year-ago period across the seven major cities. Releasing the data, <keyword id="6354553" type="General" weightage="80" keywordseo="real-estate" source="Orion">real estate</keyword> consultant Anarock said average housing prices across the seven cities grew 11% annually in the July-September period this year. Hyderabad saw the highest rise of 18%. Anarock highlighted that quarterly sales in July-September touched an all-time high. In housing data, sales of apartments, villas and independent floors are included while plots are excluded. Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51% of the total sales. Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent monetary policies. "This has kept home loan interest rates stable, keeping housing purchase sentiment high," he added. According to the data, housing sales in Delhi-NCR rose 6% to 15,865 units during July-September 2023 from 14,970 units in the year-ago period. In MMR, housing sales increased 46% to 38,500 units from 26,400 units during the period under review. Housing sales in Bengaluru went up 29% to 16,395 units during July-September this year from 12,690 units in the corresponding period of last year. In Pune, sales grew maximum by 63% to 22,885 units from 14,080 units. Sales of residential properties in Hyderabad increased 41% to 16,375 units from 11,650 units. In Chennai, housing sales rose 42% to 4,940 units from 3,490 units. Housing sales in Kolkata went up 7% to 5,320 units during July-September from 4,950 units in the year-ago period. "The ever-rising aspiration of owning a home mainly driven by rising income levels has meant a strong demand for housing over the last couple of years. The trend is expected to continue in the foreseeable future," Gurugram-based realty firm Krisumi Corporation Managing Director Mohit Jain said. The demand for luxury housing too is likely to remain strong amid the desire for upscale living experiences, he said. "Keeping pace with the demand for luxury homes, the supply is also expected to remain strong," Jain said.

Housing sales up 36% in Jul-Sep in top 7 cities: Anarock

<div class="image-container" style="width:800px"><div class="image">Flickr</div></div><keyword id="87998" type="UNKNOWN" weightage="60" keywordseo="Retail-sales">Retail sales</keyword> <a href="http://www.businessinsider.com/retail-sales-june-2013-7">missed expectations today</a>, as top-line sales came in at just 0.4% growth, vs. 0.8% expected.
Nomura finds one ominous nugget:
Building material sales were a major drag on overall sales, as they declined by 2.2% in June. This could be a result of the recent run-up in mortgage rates, but we have to wait for more <keyword id="35061" type="ORGANIZATION" weightage="60" keywordseo="housing">housing</keyword> data to conclude that this is actually the case. Housing starts and building permits data for June will be released on Wednesday. Note that the building materials category reflects home improvement items, and given that distressed sales have declined recently, demand for home improvement items could have fallen off leading to the drop in the building materials category. Sales of miscellaneous items (such as office supplies, stationeries, gifts, used merchandise), and retail sales at eating and drinking places also declined in June.

Did Today's Retail Sales Whiff Contain A Big Warning About The Housing Market?

<ul><li>Sales of new US homes accelerated by 4.8% in August, to an annual rate of 1 million units, the <keyword id="193973" type="ORGANIZATION" weightage="60" keywordseo="Census-Bureau">Census Bureau</keyword> <a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf">reported</a> Thursday.</li><li>That rate was the highest since 2006 and marked four consecutive months of increasing sales.</li><li>The agency's estimate of new homes for sale fell to 282,000, reflecting 3.3 months of supply at the current pace of sales. That's the shortest period in data going back to 1963.</li><li>Though the <keyword id="189423" type="PERSON" weightage="60" keywordseo="housing-market">housing market</keyword> has been one of the few bright spots in the virus-rattled economy, some fear that dwindling supply will soon halt the sector's rally.</li><li><a href="https://www.businessinsider.com/?utm_source=markets&amp;utm_medium=ingest?utm_source=markets&amp;utm_medium=ingestutm_source=msn.com&amp;utm_medium=referral&amp;utm_content=msn-slideshow&amp;utm_campaign=bodyurl?utm_source=markets&amp;utm_medium=ingestts&amp;utm_medium=ingest">Visit the Business Insider homepage for more stories</a>.</li></ul>The <keyword id="610609" type="PERSON" weightage="60" keywordseo="US-housing-market">US housing market</keyword> extended its winning streak into August as Americans continued taking advantage of record-low mortgage rates.Sales of new homes leaped by 4.8%, to a seasonally adjusted annual rate of 1.01 million units, the Census Bureau <a href="https://www.census.gov/construction/nrs/pdf/newressales.pdf">announced</a> Thursday. The rate was the highest since 2006 and marked four months of increases. Economists surveyed by Bloomberg had expected the rate to drop last month to 890,000 units.New homes' median sale price fell from the year-ago period, to $312,800. The average sale price was $369,000.Read more: <a href="https://www.businessinsider.com/investing-strategy-top-global-stock-picks-em-mark-mobius-interview-2020-9">Legendary investor Mark Mobius told us his process for finding the most exciting bargains in far-flung markets around the world amid the COVID-19 crisis — and shared his 5 top stock picks right now</a>July's jump was revised higher, to a 14.7% gain.The Thursday report also revealed a growing strain in <keyword id="35061" type="ORGANIZATION" weightage="60" keywordseo="housing">housing</keyword> supply. The seasonally adjusted estimate of new homes for sale fell to 282,000 from 291,000. The latest reading represented a supply of 3.3 months at the housing market's current rate of sales, the shortest period in data going back to 1963.The housing market has been one of the few corners of the economy enjoying a V-shaped rebound through the coronavirus pandemic. The Federal Reserve's decision in March to push interest rates close to zero lowered mortgage rates and spurred a pickup in <keyword id="6429634" type="UNKNOWN" weightage="60" keywordseo="home-sales">home sales</keyword>. The central bank's subsequent messaging that rates would stay low for years added fuel to the market resurgence. But some fear that the sharp rally is on its last legs.Read more: <a href="https://www.businessinsider.com/stocks-to-buy-6-covid-19-second-wave-ryan-giannotto-2020-9" target="_blank" rel="noopener">A Wall Street expert breaks down why these are the best 6 stocks to own for a second coronavirus wave in addition to the FAANMGs</a>"While strong demand and lower mortgage rates are supportive of home sales, the slow recovery and weak labor market pose downside risks that we expect will weigh on home sales in the months ahead," said Nancy Vanden Houten, a researcher at Oxford Economics.Other indicators have pointed to lasting demand in the sector. Homebuilder optimism reached an all-time high in September, according to the National Association of Home Builders/Wells Fargo Housing Market Index. Sales of existing homes have trended in line with new-unit purchases through the summer as well.Now read more <keyword id="31671" type="CITY" weightage="100" keywordseo="markets">markets</keyword> coverage from Markets Insider and Business Insider:<a href="https://www.businessinsider.com/trading-strategy-fx-legend-randy-mckay-7-rules-made-millions-2020-9" target="_blank" rel="noopener">Legendary trader Randy McKay turned $2,000 into $70,000 in just 7 months. Here are the 8 trading rules that contributed to his multiyear run of million-dollar returns.</a><a href="https://www.businessinsider.com/economic-outlook-q4-gdp-halved-stimulus-deadlock-congress-goldman-forecast-2020-9">US 4th-quarter economic growth will be cut in half if Congress fails to pass more stimulus, Goldman Sachs says</a><a href="https://markets.businessinsider.com/news/stocks/nikola-stock-price-first-analyst-sell-rating-wedbush-downgrade-target-2020-9-1029619712">Nikola tumbles as first Wall Street 'sell' rating projects another 29% plunge over next 12 months</a>

You Searched For "Housing sales" and got 9 results

Housing property sales in Bengaluru, Delhi sees a decline but Mumbai, Pune maintain pace

PTI

Housing sales in Mumbai likely to cross Rs 1 lakh cr this year: Naredco-JLL

PTI

Housing sales up 36 pc in Jul-Sep in top 7 cities to record 1,20,280 units: Anarock

PTI

Housing sales drop 11% in top 7 Cities in Q3 2024: Here’s what you need to know!

Prerna Tyagi

Cuts in home loan rates push sales across top cities

Katya Naidu

US existing home sales spike to fastest rate since 2006 as housing-market boom accelerates further

Ben Winck

Housing sales up 36% in Jul-Sep in top 7 cities: Anarock

PTI

Did Today's Retail Sales Whiff Contain A Big Warning About The Housing Market?

Joe Weisenthal

US new-home sales surge to fastest pace since 2006 as housing market shines through pandemic

Ben Winck

Popular Keywords

Buying Guides