Kolkata makes a strong comeback with the launch of ~10,000 units in FY 21-22. The sales gained momentum on the back of government initiatives.

Kolkata market has picked up pace since the state government introduced 2% cut in stamp duty and 10% reduction in circle rate for registration of property. However, the annual sales and new launches in the market are still 30% and 13% lower than the pre-Covid level and will require a few quarters to normalize. On […]

Affordable development continues to drive the residential market of Ahmedabad with Naroda, Vatva and Vastral as the forerunners.

Affordable development continues to drive the residential market in Ahmedabad. The annual sales in FY 21-22 fall short of 5% of the pre-Covid level (FY19-20), New Supply in Ahmedabad reaches new heights with 37.18 units launched in the city, the highest in the past decade. The city has seen saleable price growth of 7% Y-O-Y. […]

Piled up inventory continues to cloud the residential real estate market of Chennai.

Chennai residential market remains resilient through the second and third Covid wave. Annual sales in FY 21-22 exceed the pre-Covid level by 25% (FY 19-20). However high unsold inventory remains to be a market concern. FY 21-22 Highlights During FY21-22, Chennai records the highest sales of 15.02 thousand units in the past 6 years. Sales […]

Hyderabad- The New supply to drive the residential market of Hyderabad

Hyderabad’s residential real estate market has seen healthy demand momentum in FY21-22 backed by a young IT workforce, growth in income levels, positive consumer sentiments and low home loan rates. Sales in FY21-22 have surpassed the pre-Covid level (FY 19-20) by 17%. A surge of new launches is seen during the last year, 222% growth […]