home sales market
After the Reserve Bank of India’s decision to hold the rates, real estate developers say that although they welcome the reduction in cash reserve ratio (CRR), they are disappointed with the fact lending rates have remained the same. In the policy announcement, RBI cut banks’ Cash Reserve Ratio (CRR) by 25 basis points (bps), while [...] Continue Reading »
Volume of home sales dropped in most micro markets across the country in the first quarter of the year. An Edelweiss research report states that home sales dropped the most in NCR, followed by Chennai and Hyderabad. Most developers across the country reported a seasonal decline. Revenues of 13 listed real estate firms declined by [...] Continue Reading »
The Mumbai home sales market has stagnated in June due to high prices and most buyers stop purchasing and expect the prices to come down. The Mumbai real estate market piles up with unsold inventory amounting to 80,000 units which forms 37 per cent of the total residential supply under construction. However, rising inventory with [...] Continue Reading »
