Home launches crash by 41% in 2017

Home launches crash by 41% in 2017

Chief economist and national director of Knight Frank Samantak Das said that this drop in prices had been a result of sluggish demand in addition to ageing inventory levels of the completed units for which the developers were going slow on new project launches.

"Developers shift focus towards affordable homes".

Das said that price correction downwards would be more pronounced in the coming months. Approximately 37,653 units were sold in NCR past year, a drop of 6% from 2016. The base price has come down by 5% which translates into an effective price benefit of 11-12% for buyers. "This includes bouquet of incentives such as waivers on stamp duty, floor rise and assured rental schemes", he added.

Hit by a triple whammy in the form of demonetisation, the RERA Act and GST, the residential realty sector in Chennai hit a new low in 2017.

The report also elucidated that the residential sales during July to December 2017 also fell by 14 percent when compared to second half of previous year. However, even after the implementation of RERA, there has been no meaningful positive impact on sales on account of renewed confidence in the case of Pune in H2 2017.

The average drop in prices across areas in the city is around 3 percent but hard bargainers have been known to get a discount of as much as 10-15 percent from the developer. The Chennai residential market, as of now, holds inventory to sell over the next 18 months.

Micron Technology (NASDAQ:MU) PT Raised to $56.00 at Loop Capital
Messner & Smith Theme Value Ca reported 39,559 shares. (NASDAQ:MU). 403 were reported by Frontier Capital Mgmt Co Ltd Liability. Following the completion of the sale, the director now directly owns 117,299 shares in the company, valued at $5,225,670.45.

White House Says Judge's Temporary Block On Removing DACA Is 'Outrageous'
When the White House released its official transcript Tuesday afternoon, the president's line - "Yeah, I would like to do it" - was missing.

Judges rule Pa. can keep congressional map
And these judges are appointees of three different presidents, Wynn by Barack Obama, Britt by Jimmy Carter and Osteen by George W. A federal court ruled in favor of the congressional map in Pennsylvania, not finding that they were partisan gerrymandering.

Homebuyers have a narrow window of opportunity though, because the West Bengal Housing Industry Regulation Bill (HIRA) 2017, already passed by the State Assembly a year ago, is expected to be notified soon.

"Ready to move in category seems to do better when it comes with a brand assurance and a developer with a good record, and the second half of 2017 has shown that the real estate market in Pune is in fact a consumer's market and the best time to invest in real estate is now", Paul said, adding that what an investor should be really looking at is that execution of the project, strong track record of developer, and depending upon the need, it is advisable to buy or invest in a property.

It presents a comprehensive analysis of the residential and office market performance of Hyderabad for the period July December 2017, a company release said.

"For the first time in this decade, the Mumbai market has experienced a drop in residential prices".

The number of new launches in Mumbai Metropolitan Region (MMR) has seen an 83 percent fall from its peak of 1.38 lakh flats in 2010 to a mere 23,253 flats in 2017.

"Supply grew 13 per cent to 12.5 million sqft compared to 11.1 million sqft in 2016, and the report blamed the headwinds in the technology sector and supply crunch for this subdued growth".

Related Articles

  • Jurgen Klopp delighted that Liverpool can 'win ugly'

    Jurgen Klopp delighted that Liverpool can 'win ugly'

    But Liverpool have been here before when they were forced to accede to Luis Suarez's requests to move to the Catalan giants. Sometimes you get an opportunity to put things right.
    Steelers player already guaranteeing playoff win against Patriots

    Steelers player already guaranteeing playoff win against Patriots

    The Steelers were still in the mix for home field advantage with the New England Patriots facing off against the New York Jets. It's doubtful the Steelers will turn the ball over a ton, and therefore the Jaguars offense will have to sustain some drives.

    Lance Rattles LeBron, Pacers Register Another Win Over Cavs

    Cleveland never led, and, thanks in large part to a 35-point third quarter, the Raptors took a commanding 25 point lead into half. LeBron James isn't throwing his sneakers over the telephone wire just yet, although not for the reason people may think .
  • Eagle sees Harman take three-shot lead

    Eagle sees Harman take three-shot lead

    A quadruple bogey cost Jordan Spieth at the Sony Open in Hawaii as Chris Kirk and Zach Johnson shared a first-round lead. The American eventually finished in joint fourth at the event, while Johnson ended up in eight spot.
    Surgeon who burned initials onto patients' livers fined $13600

    Surgeon who burned initials onto patients' livers fined $13600

    Bramhall tendered his resignation the following summer amid an internal disciplinary investigation into his conduct. Speaking to the press at the time, he said marking his initials on to his patients' livers had been a mistake.
    TRAI cuts ISD incoming call termination charge to 30 paise/minute

    TRAI cuts ISD incoming call termination charge to 30 paise/minute

    Indian telecom operators are already going through severe financial issues, and this move will further increase their woes. Back in February 2015, TRAI increased the ITC to 53 paise per minute from 40 paise per minute.
  • Democrats seek probe into Sen. Klein allegations

    Democrats seek probe into Sen. Klein allegations

    Krueger, who sits with the main Senate Democratic Conference, called for the Senate Ethics Committee to investigate the incident. Senate Leader Flanagan does say that a probe of the accusations against Klein may be "within the scope of other entities".
    BOZICH | Brian Bowen leaves Louisville and enrolls at SC

    BOZICH | Brian Bowen leaves Louisville and enrolls at SC

    SC has struggled a bit in its follow-up to a Final Four appearance last season, as Martin's squad is 10-5 and 1-2 in SEC play. Ten people, including four assistant coaches and Adidas executive James Gatto, were initially charged in the investigation.
    Quique Sanchez Flores rules himself out of vacant Stoke job

    Quique Sanchez Flores rules himself out of vacant Stoke job

    I am absolutely happy with my situation, I do not have to explain anything else. But the national team gaffer refused to take any questions from the media .
  • Jazz's Rodney Hood gets ejected, slaps phone out of a fan's hand

    Jazz's Rodney Hood gets ejected, slaps phone out of a fan's hand

    Wizards starting small forward Otto Porter was back in the lineup after missing the Saturday game with hip and back injuries. John Wall is the top fantasy basketball player for the Wizards with a season average of 41.19 fantasy points per game.
    Toyota presents the GR Super Sport concept at Tokyo Auto Salon 2018

    Toyota presents the GR Super Sport concept at Tokyo Auto Salon 2018

    However, Toyota says it does give us a taste of what the company aims to achieve with its next-generation sports cars. The rest of the vehicle is "composed of mostly the same main parts" as well, as Toyota admits.
    Goldman: Cryptocurrencies May Succeed as Form of Real Money

    Goldman: Cryptocurrencies May Succeed as Form of Real Money

    Bitcoin transactions are too slow and too expensive and its value is too unstable for it to be a reliable transaction coin . The Seattle-based firm added the option for payments in Bitcoin around three years ago, in December 2014.