Liases Foras released its Q4 FY 2018-19 residential market report recently. So, how did the real estate market fare in the past year?
Sales
The property sales have increased this fiscal compared to the last fiscal year (FY). Hyderabad and Kolkata are at the forefront, with each growing at an equal rate in terms of sales. NCR market again shows a dip in what has been a continuing trend since the last couple of years.
The property sales have increased this fiscal compared to the last fiscal year (FY). Hyderabad and Kolkata are at the forefront, with each growing at an equal rate in terms of sales. NCR market again shows a dip in what has been a continuing trend since the last couple of years.
New Launches
Chennai witnessed the maximum growth in launches. Hyderabad comes next with MMR close behind. Bangalore has the lowest number of launches. With sales on a free fall in NCR over the past couple of years, developers are exhibiting caution. This is evident as a lesser number of new launches in the last fiscal were noticed in NCR.
Unsold stock
Hyderabad and Chennai recorded the highest growth in unsold stocks. Whereas, a downturn and a limited number of new launches have kept unsold stock in check in the National Capital. NCR has a lower inventory level as compared to the last FY. Ahmedabad stands second in terms of low unsold stock, followed by Bangalore and MMR. The only two places where the number of unsold units is higher in comparison to last year are Hyderabad and Chennai.
Cost bracket-wise sales
Segregating sales as per cost bracket shows similar trends prevailed in Ahmedabad and Kolkata. The ₹25-₹50 Lacs bracket is leading, followed by the sub-₹25 Lacs. Post that demand has been noticed for units priced between ₹50 Lacs -₹1 Crore and finally for luxury segment products.
Majority of sales is concentrated in the ₹50 Lacs – ₹1 Crore bracket in Bangalore, as well as Hyderabad, followed by the ₹25-₹50 Lacs segment. The sub ₹1 Crore is the best-performing segment in NCR, Pune, and Chennai. MMR attracts the majority of sales in the ₹25 Lacs-₹1 Crore range.
Key Takeaways
- Sales in FY 18-19 show an increase of 5% over the last fiscal year with Hyderabad and Kolkata leading. NCR shows a significant dip over the year.
- New project launches over the last year have grown at a significant 80%, with the majority being recorded in Chennai, followed by Hyderabad, MMR, and Kolkata.
- ₹25 lac –₹ 50 lac remains the best performing segment as well as the only one to be showing a growth in sales. The other cost brackets show a considerable dip over the year. This can be credited to the various government sops and initiatives.
- Prices have remained unchanged largely across the top cities with some upward movement being recorded only in Hyderabad.
- The number of unsold units too has amassed considerably and is now at 4% above the previous fiscal.
You can read the report in its entirety here –
http://bit.ly/2JchAPv
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Thanks for publishing this post.I grab more information about real estate in Hyderabad and Kolkata. These two cities are high in Real Estate sales.Compare With all cities the Real Estate in Hyderabad and Kolkata sales has increased in the year 2018-2019.