Page 1 of 1 Pages
Posts Per Page
kanikarawat commented 11 months ago

Around 78,520 units were sold in Q1 2019 with NCR,MMR, Bengaluru and Pune together accounting for 84% of the sales.

Pune recorded the highest jump in sales in this quarter as Compared to other top cities. City sales increased by 24% - from 9,940 units in Q4 2018 to 12,340 units in Q1 2019 due to a significant increase of 160% in new launch supply. MMR came in second with a significant jump in sales in Q1 2019 as compared to the other top cities. City sales increased by 19% -from 20,220 units in Q4 2018 to 24,010 units in Q1 2019.

Sales in NCR (Affordable flat in Noida extension) and Hyderabad increased by 8% each over the previous quarter with 13,740 units and 5,400 units respectively.

Sales in Bengaluru and Chennai increased by 5% and 4% respectively over the previous quarter and were recorded at 15,580 units and 3,430 units respectively Kolkata sales rose by 4% -from 3,860 units in Q4 2018 to 4,020 units in Q1 2019.

Despite the increase in launches and overall absorption in the top 7 cities during Q1 2019 over the previous quarter, overall unsold inventory decreased by a meagre 1% - from 6.73 lakh units in Q4 2018 to 6.65 lakh units by Q1 2019. The yearly decline was over 7% - from 7.13 lakh units in Q1 2018 to 6.65 lakh units in Q1 2019. Bengaluru witnessed the highest reduction in unsold inventory by 27%from Q1 2018 to Q1 2019. PRICING TRENDS

Average residential prices across the top cities remained stagnant in Q1 2019 when compared to the previous quarter - except in Bengaluru and Hyderabad, where the average property prices increased by 1% each over the previous quarter and by 2% in a year. All in all, the realty sector looks all geared up in 2019. The slash in GST rates to 5% for premium homes and 1% for affordable homes without ITC gives the beleaguered realty sector the much-needed breathing room and will certainly help in maintaining forward momentum over the next three quarters of 2019. Also, the boosters hot given by the Government by changing the budget-specific definition of affordable housing and extending it to <INR 45 lakh has resulted in more inventory from the premium budget henceforth being included in the affordable segment category - a major benefit to buyers.

Affordable Flat in Noida Extension

Information!  Use the form below to reply to this forum thread or, to reply to an individual post, use the "Quote" button on the relevant post.