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.

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
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?