Insite Report Jul-Sep 2017
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 Jul-Sep 2017.
National Outlook
HOME BUYING SENTIMENT
Higher optimism among buyers post RERA implementation in States where the portal is live and authority has been set is expected to uplift home buying sentiment. Fence-sitters, deferring purchase decisions since demonetisation, may enter the market in the ensuing quarters, pushing sales volume up.
PROPERTY PRICES
While muted sales in the primary market and ambiguous State norms kept a check on prices till now, projects with RERA registration are expected to command a premium across cities. Increased attempts to liquidate investments will keep the market plush with inventory, constraining price growth.
RENTAL LANDSCAPE
Rental market continued to benefit in the wake of baffled home buying sentiment, stemming from the collective impact of RERA and GST. Average ‘asks’ in the rental segment are further anticipated to tread a growth path across metro cities.
SUPPLY
While RERA limited new launches, affordable housing bracket was testimony to a few projects across city peripheries. Demand-supply gap in the under-construction category trimmed. Free from GST impact, the secondary market, however, will remain swamped with inventory.
DownloadReport Market Movers RERA compliance kept Delhi NCR market on tenterhooks Several delays and dilutions in the announcement of UP, Delhi and Haryana RERA rules kept realty sentiment subdued. While....
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DownloadReport Market Movers MahaRERA expedites project registration In a bid to speed up the registration process under RERA, the Appellate Authority has doubled the penalty charges to Rs 2 lakh....
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DownloadReport Market Movers State notifies RERA rules and launches website The quarter started on a positive note with Karnataka outlining its RERA regulations. Save the two exemptions pertaining to issuance....
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DownloadReport Market Movers PCMC tightens noose on civic officials The Pimpri Chinchwad Municipal Corporation (PCMC) made civic officials responsible for regulating illegal constructions in their jurisdiction. As per records, Pimpri....
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DownloadReport Market Movers Chennai metropolitan area expanded The inclusion of Tiruvallur and Kanchipuram districts under Chennai Metropolitan Area (CMA) has led to a seven-fold expansion of the city limits. This....
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DownloadReport Market Movers Telangana notifies RERA Although delayed, the Telangana government notified the RERA rules and opted to implement the Central RERA norms with minimal changes. However, deferral in setting....
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DownloadReport Market Movers International investments on a rise Fifteen Japanese companies committed to invest in Gujarat. Some 55 others have shown interest to explore investment opportunities in the State, especially....
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DownloadReport Market Movers West Bengal misses RERA deadline The State’s inability to announce RERA rules, appoint a regulator and launch the RERA website translated into subdued market sentiment. Effective waste....
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