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| Chris Liverani/Unsplash |
Has the Indian housing market got back its elusive mojo? Record-low interest rates, steady pricing and Government support have culminated in four-year-high sales figures between January and March.
Market BytesWhat Corona? Per this report, volumes have comfortably crossed pre-pandemic figures for the third quarter in succession.
Sample this:
📊 78,627units sold in the quarter (9% of year-on-year growth).
📊 Average 1-7% growth in capital values across top cities.
📊 78,171 newly launched units.
📊 India’s costliest housing market had its highest sales figures of 21,548 units.
📊 Delhi-NCR grew its sales and launches by 123% and 592% respectively.
📊 Bangalore sold 13,663 units while Ahmedabad grew by 34% to 4,105 units.
📊 Kolkata grew new launches by 141% too.
📊 Prices went up by 4-5% in the Mumbai-Pune stretch, while increasing by 7% in Bangalore.
📊 Average 1-7% growth in capital values across top cities.
📊 78,171 newly launched units.
📊 India’s costliest housing market had its highest sales figures of 21,548 units.
📊 Delhi-NCR grew its sales and launches by 123% and 592% respectively.
📊 Bangalore sold 13,663 units while Ahmedabad grew by 34% to 4,105 units.
📊 Kolkata grew new launches by 141% too.
📊 Prices went up by 4-5% in the Mumbai-Pune stretch, while increasing by 7% in Bangalore.
Now, only if rising material costs do not throw a spanner in the works...