Mumbai Property Registration declined by 10% in Q2 FY23 QoQ

The realty market nosedived in the first lockdown of Covid-19 pandemic, recording only 2,046 registrations between April to June 2020. The market was boosted by the announcement of the reduction of stamp duty to 2% on September 2020. With discounts available in the market (both in primary and resale) registration no’s soared to 10,901 and […]

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 […]

NCR market revives on the back of branded development. After a long wait, Prices finally take an upward trajectory.

NCR residential market is reviving on the back of branded development. The market will take a few quarters to recover from the impacts of Covid as the annual sales in FY21-22 are still 28% below the pre-Covid levels (FY19-20). Support by the government, reduction in circle rate and relaxation in regulation have helped uplift the […]

With sustained demand, the closing unsold stock in the Bangalore market on March-2022 is less than 2X times annual sales of FY 21-22

The IT sector continues to be the driving force for the residential market in Bengaluru. Despite the second and third Covid wave, Bengaluru market is able to maintain sales above the pre-Covid levels. The sales in FY 21-22 are 9% above the pre-Covid level (FY 19-20). Stable prices, developer discounts, and government support have helped […]

Pune revived from the COVID hiatus with a 19-month reduction in gestation despite a 2X increment in new supply

The residential real estate market of Pune city is driven by affordable homes in the IT dominant residential pockets. Recovery from the impacts of Covid-19 is well underway as the sales in FY21-22 exceed the pre-Covid level (FY19-20) by 25%, and at the same time, unsold inventory has declined by 21%. The real estate sector […]

Affordable and mid-segment continue to drive the residential market in MMR. Reduction in building premium charged by the government has fueled new supply in the luxury segment.

The residential real estate market in MMR is on a steady path to recovery with annual sales in FY 21-22 falling short of only 4% of the pre-Covid level (FY 19-20). With stability achieved in the market, new supply numbers are back to normal. Price has seen a 1% growth Y-O-Y. FY 21-22 Highlights During […]

Demand for larger space, flexible layout with multifunctional rooms and open areas have become a priority among the home buyers post-pandemic.

The COVID-19 pandemic has brought changes to our daily life. As work from home and e-schooling have become our new normal, the residential space requirement among the consumers has changed. Today, Liases Foras lists down some of the key changes observed on the ground across the residential market. We will further dig deep to assess […]