Pages

Search This Website

Monday, September 19, 2022

New housing launches are a rise 170% in a April-June, shows Square Yards report

New housing launches are a rise 170% in a April-June, shows Square Yards report



NEW DELHI: New residential launches rose are a 70% year-on-year in a Q2 2022 (April -June) with the launch of more than a 79,000 new housing units across the top six cities, as per a latest research from Square Yards


NEW DELHI: New residential launches rose are a 70% year-on-year in a Q2 2022 (April -June) with the launch of more than a 79,000 new housing units across the top six cities, as a per latest research from the Square Yards. In fact, are a new launches in a Mumbai Metropolitan Region (MMR), Pune, and a Gurugram reported a yearly rise of over a 250% year-on-year in a Q2. MMR contributed the highest share at the 38%, followed by a Pune which accounted for the 21% of the total are a new launches.


Square Yards is a tech-led brokerage and a mortgage marketplace, an a online to the offline B2C (business to consumer) transaction and aggregator platform for the both real estate and a  mortgages.


The quarterly are a new supply trends for a Q2 showed some variation. Impacted by the surge in a property prices and the hike in a lending rates, new launches of a housing units witnessed a dip of a 2% in Q2. City-wise, only MMR and Gurugram saw a quarter-on-quarter rise of a 16% and a 12%, respectively.


Reflecting the strong demand momentum, as seen in the previous quarter, MMR residential market saw the launch of a more than 30,000 new residential units in a April-June. As per a Square Yards, rising interest rates and a housing prices may hurt homebuyers’ sentiment in the short term. However, with the rates still on the lower side and with the strong latent demand and buoyant consumer confidence, residential demand may continue with its a upward growth trajectory.


Mid segment properties, with the units worth a ₹30 lakh to ₹60 lakhs and a ₹60-100 lakhs) continued to be the most preferred for the homebuyers in a Q2 2022 with the 57% of the total demand share. The demand for premium residential units (worth more than a ₹1 crore) went up by more than 10% as a compared to the Q1 2022.


Also, data shows interests in a plotted developments - accounting for the 24% share in a total property searches across the top six cities. Cities such as a Gurugram, Noida and a Pune lead the searches for the plots, constituting about more than a 33% share in a total property searches in the respective are a cities.

No comments:

Post a Comment