Residential Sales Data Q4 (Jan – Mar) 2017

0
269
Want create site? Find Free WordPress Themes and plugins.

Data released by Liases Foras Real Estate Rating & Research, a well-known housing and real estate data agency, shows that home buyers may have felt the pinch of demonetisation after effects in January-March this year but that did not deter them from buying their dream homes. A brief snapshot of the report:

Residential Sales Data

Home sales surge on cheaper loans, Modi government's affordable housing push

  1. Primary residential sales across the country’s top eight cities increased 21% in January-March over the previous quarter. But year-on-year growth was still 5% lower, dragged down by weak market in Chennai and Bengaluru.
  2. The Delhi-National Capital Region (NCR) contributed the most with sales of 14,983 units followed by Mumbai Metropolitan Region with 14,505 units.
  3. Sales in NCR and Mumbai grew by 24.5% and 23.6% respectively during the quarter.
  4. Kolkata, Hyderabad and Ahmedabad led the revival with growth rates of 47%, 43% and 30%, respectively.
  5. Bengaluru and Chennai bucked the trend of the big cities with housing unit sales falling 35% and 44, respectively.
  6. Bangalore now has become one of the worst performing markets in India. The entire blame lies at the doors of NGT and State govt of Karnataka.

Product Mix Performance

  1. On a sequential basis, the highest sales growth of 31% was in affordable segment with price range of less than Rs 25 lakh, while the ultra-luxury segment saw a 4% decline in sales.
  2. The contribution of affordable segment to overall sales in tier-I cities increased to 16% from 15% in October-December quarter. Within the affordable housing segment, maximum sales growth of 25% was recorded in Mumbai Metropolitan Region, followed by Pune with 19%.
  3. Out of new launches, a maximum of 43% were seen in the cost bracket of Rs 25 lakh and Rs 50 lakh, which indicates that more developers are now catering to affordable housing demand.
  4. Collectively, 71% of the new launches were seen in cumulative cost brackets of Rs 25 lakh to Rs 1 crore. In affordable segment of less than Rs 25 lakh, maximum of 34% new launches were in NCR, followed by 18% in Mumbai Metropolitan Region.

Unsold Inventory

  1. Unsold stock across these markets has declined marginally by 0.3% on sequential basis. This can be attributed to lower new launches during the quarter.
  2. Among key markets, Ahmedabad, Hyderabad and NCR markets witnessed a 3% decline in unsold stock, but Chennai, Kolkata and Pune witnessed a 3% increase in unsold stock.
  3. MMR and Bengaluru saw negligible changes in unsold supply.

Growth in Home Loans

  1. November and December were the worst performing months for home loan disbursement due to demonetization.
  2. New applications, however, for home loans started growing from January which saw 21% growth over December.
  3. February had reported 16% growth over January; and March had 44% growth over February.
Did you find apk for android? You can find new Free Android Games and apps.

LEAVE A REPLY

Please enter your comment!
Please enter your name here