Insite Report Jan-Mar 2018

Methodology

The Insite Report by 99acres.com captures the quarterly capital trends and the annual rental analysis of residential apartments in key real estate markets – Delhi NCR, Mumbai Metropolitan Region (MMR), Bangalore, Pune, Chennai, Hyderabad, Kolkata and Ahmedabad. In order to assess the prevailing sentiment, the report delves deep into demand and supply of properties across varied budget segments and occupancy stages. While demand is a function of queries received, supply is based on property listings posted on 99acres.com in Jan-Mar 2018.

National Outlook

HOME BUYING SENTIMENT

With the industry getting accustomed to RERA and GST, market was seen regaining normalcy in the first quarter of 2018. Enquiries from fence-sitters resurfaced across metros with a reinstated interest in the under-construction category. Growing transparency and improved processes are expected to fuel this trend in the future.

PROPERTY PRICES

Despite burgeoning enquires, piling inventory restricted price appreciation, particularly in Delhi NCR. Infrastructural overhauls, a few new launches and incremental ‘asks’ in the resale market, fuelled price growth in some micro-markets of Mumbai, Pune and Bangalore. Affordable pockets will monopolise end-user demand, keeping capital growth in check in the forthcoming quarters.

RENTAL LANDSCAPE

The obtuseness in the buying market has unabatedly benefitted the rental landscape over multiple quarters. Lease values burgeoned across metros, YoY. Affordable pockets and areas in proximity to transport corridors ruled the roost with maximum traction, pushing rental ‘asks’ further. Speculations of an improvement in the rental values in the ensuing quarters are rife.

SUPPLY

Stringent laws under RERA circumscribed new supply; however, progress on project registrations spiked under-construction inventory across cities. The resale market swarmed with properties across budget segments. RERA-approved supply in the affordable segment remained low this quarter. New launches are anticipated to resurface with increased compliance in the months to come.

 

Market movers

 

 

Delhi NCR Insite Report Jan-Mar 2018

DownloadReport Market Movers Infrastructure upgrades underway Ongoing expansion of the metro grid – the Noida-Greater Noida, Majlis Park-Shiv Vihar, proposed Noida-Ghaziabad lines – is anticipated to have a significant bearing....

April 16, 2018
  • 2319
Mumbai Insite Report Jan-Mar 2018

DownloadReport Market Movers MMRDA allocates Rs 12,000 cr to speed up infra projects A corpus of Rs 12,000 crore has been allotted towards speeding the construction of seven metro lines,....

April 16, 2018
  • 2376
Bangalore Insite Report Jan-Mar 2018

DownloadReport Market Movers Private equity deals swarm residential and retail markets The city witnessed multiple private equity deal closures in the residential, commercial and retail segments. An influx of institutional....

April 16, 2018
  • 2264
Pune Insite Report Jan-Mar 2018

DownloadReport Market Movers State government approves 3,500 homes under PMAY The State government’s nod to construct 3,500 affordable homes within Pune Municipal Corporation (PMC) limits by 2019 will not only....

April 16, 2018
  • 2107
Chennai Insite Report Jan-Mar 2018

DownloadReport Market Movers Sand paucity stalls realty projects Acute scarcity of river sand in Tamil Nadu has brought real estate activities to a standstill, delaying construction of ongoing projects across....

April 16, 2018
  • 1816
Hyderabad Insite Report Jan-Mar 2018

DownloadReport Market Movers Telangana gets a fund boost for road repair project The government earmarked Rs 750 crore for undertaking road repairs in several parts of the city including Greater....

April 16, 2018
  • 2537
Kolkata Insite Report Jan-Mar 2018

DownloadReport Market Movers Expansion of Kolkata Metro brings cheer The announcement of Salt Lake Sector V-Stadium metro corridor becoming operational from October 2018 has set certain residential pockets – Barrabazar,....

April 16, 2018
  • 1681
Ahmedabad Insite Report Jan-Mar 2018

DownloadReport Market Movers State sanctions funds for infrastructure projects A corpus of Rs 210 crore has been allocated for infrastructure projects including the bio mining project at Pirana dumping site.....

April 16, 2018
  • 1955