Insite Report Oct-Dec 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 Oct-Dec 2017.

 

National Outlook

HOME BUYING SENTIMENT

RERA transformed the market from uncertain to mended buyer confidence in Oct-Dec 2017. Enquiries and sales improved marginally across cities. After an elongated lull, the premium market saw enhanced traction in cities like Bangalore and Pune, suggesting an impending revival. With improving clarity on GST, sales are expected to revive across categories and budget segments.

PROPERTY PRICES

Price growth remained restricted across metros with inventory-heavy markets of Delhi NCR and Mumbai witnessing corrections in some popular housing pockets. Prices may further dip in luxury and ultra-luxury segments in the year because of low buyer appetite for such projects. Other categories are, however, unlikely to see any major correction in Jan-Mar 2018.

RENTAL LANDSCAPE

The general wait-and-watch climate regarding home buying since the last one year led the rental market across cities to tread a growth path this quarter. The trend is expected to continue even amidst an improving buying sentiment owing to a prolonged decision making cycle in the wake of multiple market ambiguities.

SUPPLY

The markets are plush with residential inventory, however, saleable supply in the primary market appears low on account of slow-paced registrations under RERA. Fresh inventory levels may soar in the ensuing quarters owing to increased registrations and new launches on the back of clarity in the norms.

Market indicators

Delhi NCR Insite Report Oct-Dec 2017

DownloadReport Market Movers Delays and dilution of RERA norms curb realty growth While absence of real estate authority and website continued to be a pain point for homebuyers in Haryana,....

January 16, 2018
  • 2739
Mumbai Insite Report Oct-Dec 2017

DownloadReport Market Movers Govt. sanctions Rs 5,200 crore for infrastructure projects The allocation of Rs 5,200 crore offered a whole new lease of life to the pending infrastructure projects including....

January 16, 2018
  • 2743
Bangalore Insite Report Oct-Dec 2017

DownloadReport Market Movers Smart City project gets State funding Karnataka Government has sanctioned a whopping Rs 1,656 crore for the development of Smart Cities in the State. Tumkuru Road, the....

January 16, 2018
  • 2291
Pune Insite Report Oct-Dec 2017

DownloadReport Market Movers Metro rail development work to commence soon Hinjewadi-Shivajinagar belt is set to witness an infrastructure facelift as the ground work on the third line of metro proposed....

January 16, 2018
  • 2806
Chennai Insite Report Oct-Dec 2017

DownloadReport Market Movers Government orders demolition notices against illegal structures In an attempt to restore the water bodies and prevent floods in the city, the government has decided to raze....

January 16, 2018
  • 1662
Hyderabad Insite Report Oct-Dec 2017

DownloadReport Market Movers Hyderabad metro rail opens to public The city’s most awaited project, Hyderabad metro, commenced its operations under phase I. Constructed at a cost of Rs 15,000 crore,....

January 16, 2018
  • 2483
Kolkata Insite Report Oct-Dec 2017

DownloadReport Market Movers Bengal drafts its first version of RERA Although over-delayed, the state drafted Housing Infrastructure Regulation Act (HIRA) on 17 October, 2017, taking a massive leap towards infusing....

January 16, 2018
  • 1604
Ahmedabad Insite Report Oct-Dec 2017

DownloadReport Market Movers Affordable housing sales lift market sentiment Adherence to RERA norms and a large number of affordable project registrations under the Act renewed homebuyer confidence. This pushed the....

January 16, 2018
  • 1432