According to the latest report by real estate consultant PropTiger, housing sales in the top 8 cities have declined by 26% in the fourth quarter of 2024, while new launches have dropped by 33%. Barring NCR, all other cities have witnessed a year-on-year d
Real EstateHousing SalesProptigerProperty MarketEconomic TrendsReal EstateJan 17, 2025
According to PropTiger's latest report, housing sales in the top 8 cities in India have declined by 26% in the fourth quarter of 2024, and new launches have dropped by 33% compared to the same period last year.
Mumbai, Bengaluru, Chennai, and Hyderabad have all reported substantial drops in housing sales, although Bengaluru has shown some resilience compared to other cities.
The decline in housing sales can be attributed to a combination of economic slowdown, higher interest rates, and reduced consumer confidence, which have made potential buyers more cautious and deterred from taking on home loans.
Developers are scaling back their expansion plans and focusing on selling their existing inventory to manage their resources and adapt to the current market conditions.
The government has announced several measures, including tax incentives and ease of doing business reforms, to stimulate demand and provide relief to the real estate market.
The first union budget of Modi 3.0 brings relief to real estate and other sectors, sparking bullish momentum in the Indian market.
Legal powerhouse, Jones Day, has announced the addition of Conrad Steele as a partner in their Real Estate Practice. Discover the impact of this strategic hire and how it enhances the firm's capabilities in the real estate sector.
A recent report by the India Brand Equity Foundation (IBEF) highlights a steady rise in property prices across India's top eight cities. Despite market cooling trends, the long-term outlook for the Indian real estate sector remains robust, offering numero
The 10,312 sq ft duplex, located in the prestigious 'Prime Ceejay Residency' project, underscores Mumbai's increasing appetite for high-end properties. This move by Yatin Shah, co-founder of 360 One, highlights the city's ongoing real estate boom in the l
The real estate market in England has seen a significant surge in rental prices, with an increase of 9.3% over the year ending November 2024. This rise has significant implications for both tenants and landlords.
In a significant financial move, Phillips Edison & Company, a real estate investment trust (REIT), has filed a new $250 million shelf registration. This move is expected to provide the company with increased flexibility to raise capital for various projec