As the Indian economy is slowing getting back to a ‘new normal’ following the Covid-19 outbreak, green shoots have also emerged in the real estate sector with home buyers returning to the market — though in lower numbers — across tier- 1 cities, reveals the recently released Magicbricks’ Propindex Report […]
Going Down Are Luxury Real Estate Rates in Mumbai
Luxury apartments on the block in Mumbai’s upscale localities are seeing a steady stream of inquiries but few takers, as prospective buyers are seeking deep discounts that sellers are unwilling to offer. According to property brokers, prices have not softened to buyers’ expectations, but deals are expected in the coming […]
COVID-19 Effect: Real Estate Launches Fall By 56% in H1 20202: ANAROCK
On account of the nationwide lockdown imposed from the last week of March, new launches declined 56 percent in the first half of 2020 to 42,610 units. Going forward, consolidation among realty players will increase with branded players gaining a market share of almost 75 percent, a recent report by ANAROCK […]
Real Estate Calamity Intensifies As Housing Sale Plummets Over 80% in Q2 2020
India’s real estate sector is going through a serious crisis due to the economic shock triggered by coronavirus crisis. Housing sales have plunged over 80 per cent in the second quarter of 2020 in comparison to the figure in the corresponding quarter last year, according to research conducted by ANAROCK […]
Have The Prices Of Property Witnessed A Slump In Mumbai? See What The Data Has To Say
Having gone through a downturn, property prices seem to have finally bottomed out in most of the top cities in India, including the Mumbai Metropolitan Region (MMR), as they remained more or less stagnant since the last five years. Before COVID-19 gripped Indian cities, it was widely anticipated that average […]