- Estimates vary widely on both residential real estate sales and new housing project launches.
- Unsold inventory in major cities continues to be a grave problem.
- Affordable housing is an attractive area for developers big and small.
India’s housing market remains a mixed bag with no clear answers about when the sector could make a firm turnaround after a prolonged slump exacerbated by sweeping regulatory changes in the past two years.
Estimates vary widely on both residential real estate sales and new housing project launches when it comes to how they have fared this year as compared to a year ago. According to, property consultancy Knight Frank, real estate sales were, more or less, flat in the first half of this year compared to the same period last year despite a drop in home prices.
Another report by real estate group CREDAI and JLL, a real estate consultancy said that housing sales in top seven cities in India in fact grew by 25 per cent in that same period.
In terms of new housing project launches, according to data from property consultancy Anarock Property Consultants, the number of new launches across seven key cities have gone up by 10% in the first half of 2018 as compared to last year.
But on the other hand, data from Knight Frank shows that the first half of this year saw a net rise of 46% in new launches at 91,739 housing units as compared to the same period a year ago.