Housing Sales Expected to Drop 2% in Top 9 Cities: Report
Real Estate

Housing Sales Expected to Drop 2% in Top 9 Cities: Report

According to a report, housing sales in the top nine cities of India are projected to decline by 2% year-on-year during the April-June quarter. This anticipated decrease comes amidst ongoing market challenges and uncertainties impacting the real estate sector.

The report suggests that the COVID-19 pandemic, along with factors such as economic slowdown, liquidity constraints, and elevated property prices, continue to weigh on homebuyers' sentiment and purchasing decisions. Additionally, regulatory changes and policy measures have further contributed to the subdued sales environment.

The nine cities covered in the report include major metropolitan areas such as Mumbai, Delhi-NCR, Bangalore, Hyderabad, Pune, Chennai, Kolkata, Ahmedabad, and Lucknow. These cities collectively represent significant real estate markets in India, and their performance often serves as an indicator of the overall sector trends.

Despite efforts by developers to attract buyers through various incentives and promotional schemes, the demand for residential properties remains subdued. Homebuyers appear to be adopting a cautious approach, awaiting clarity on economic recovery and future market prospects before committing to property purchases.

The decline in housing sales underscores the need for continued efforts to address the challenges facing the real estate sector and stimulate demand. Government interventions, such as favourable financing options, reduced stamp duty rates, and supportive policies, could play a crucial role in reviving market sentiment and boosting homebuyers' confidence in the coming months.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

According to a report, housing sales in the top nine cities of India are projected to decline by 2% year-on-year during the April-June quarter. This anticipated decrease comes amidst ongoing market challenges and uncertainties impacting the real estate sector. The report suggests that the COVID-19 pandemic, along with factors such as economic slowdown, liquidity constraints, and elevated property prices, continue to weigh on homebuyers' sentiment and purchasing decisions. Additionally, regulatory changes and policy measures have further contributed to the subdued sales environment. The nine cities covered in the report include major metropolitan areas such as Mumbai, Delhi-NCR, Bangalore, Hyderabad, Pune, Chennai, Kolkata, Ahmedabad, and Lucknow. These cities collectively represent significant real estate markets in India, and their performance often serves as an indicator of the overall sector trends. Despite efforts by developers to attract buyers through various incentives and promotional schemes, the demand for residential properties remains subdued. Homebuyers appear to be adopting a cautious approach, awaiting clarity on economic recovery and future market prospects before committing to property purchases. The decline in housing sales underscores the need for continued efforts to address the challenges facing the real estate sector and stimulate demand. Government interventions, such as favourable financing options, reduced stamp duty rates, and supportive policies, could play a crucial role in reviving market sentiment and boosting homebuyers' confidence in the coming months.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000