Indian real estate sector sees cooling demand despite strong Q4: Report
ANI
15 May 2025, 15:44 GMT+10
New Delhi [India], May 15 (ANI): India's residential real estate sector has shown signs of slowdown, after witnessing a period of growth, according to a sector update report by Antique Stock Broking.'Although all new project launches by listed companies under our coverage received a strong response in 4QFY25, most Expressions of Interest (EoI) were built in 2Q/3Q,' the report said. However, walk-ins and conversions have seen a slowdown patch in recent months, weighed down by 'financial market volatility, a gloomy IT sector outlook, and economic growth concerns prompting buyers to delay decisions in search of greater certainty or better deals.' says the report. Similar to that, the premium and luxury segments also witnessed lower demand. According to the report, the rising supply in the Mumbai Metropolitan Region (MMR) has helped buyers to have more negotiating power. Even reputed developers are offering incentives or discounts in South and South-Central Mumbai. Demand in the mid-income segment across suburbs and Thane remains steady but lacks earlier enthusiasm.Similarly, southern cities like Bengaluru and Hyderabad are also witnessing subdued demand, particularly for properties priced above Rs 20 million. Contrary to that, demand for below Rs 20 million remains intact, despite of approval challenges persisting in Bengaluru.In the northern part of the country, the pace of new project launches has slowed, but well-located developments continue to attract buyers.The report, however, adds that despite the overall cooling, select developers have outperformed expectations. Aditya Birla Real Estate, Godrej Properties, Prestige Estates, and Macrotech Developers all posted better-than-expected pre-sales in Q4. Analysts believe much of this demand was frontloaded in earlier quarters.Looking ahead, while inventory levels remain comfortable, the sector may experience price stability or mild corrections, especially if economic headwinds persist. Investors and homebuyers alike appear to be exercising greater caution in what is becoming an increasingly supply-rich and demand-sensitive market. (ANI)
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
35 minutes ago
- Time of India
Elevated corridor planned to free up traffic in Sonia Vihar in northeast Delhi
New Delhi: Public Works Department has initiated the process for constructing an elevated corridor spanning 5.5km along Sonia Vihar Pusta Road in northeast Delhi. The department has issued a tender for its feasibility study. Currently, the irrigation and flood control department owns this stretch. The tender seeks a consultant to conduct a comprehensive study for the corridor, which will extend from Nanaksar Gurudwara T-Point to the Delhi-Uttar Pradesh border at Tronica City. Officials have noted that the route handles substantial vehicular movement throughout the day, leading to significant traffic congestion during both peak and non-peak hours and causing inconvenience to both residents and commuters. Building an elevated road is likely to alleviate the congestion problem. The corridor will also improve connectivity between Delhi and the UP border, said a senior official. PWD minister Parvesh Verma conducted a site inspection in April and announced the project. The estimated cost is Rs 500 crore. The central verge's existing space will make it possible to construct an elevated road without significant obstacles, said officials. The right-of-the-way assessment will span six kilometre. The Nanaksar T-junction marks the starting point, where six approach roads connect to Pusta Road via a service road. "There are trees present on both sides of Pusta Road, and there is a Delhi Jal Board pipeline passing underneath. All of this will be part of the feasibility study," the tender stated. The Sonia Vihar treatment plant, operated by DJB, is situated near the proposed alignment. "Widening of Pusta Road on the city side is not feasible because of space constraints. So, an elevated road will be built," the official said. This would bring relief to residents as the demand for an elevated road was long pending. Pillars will be erected on both sides of the road to leave the traffic at the ground level unaffected, he added. The construction of this elevated road will resolve congestion at several bottleneck points. Officials said PWD had been instructed to expedite all necessary procedures to start the work at the earliest. The PWD minister earlier said, "The people of Sonia Vihar have been struggling with severe traffic congestion, making this project essential. However, due to the large number of trees in the area, we have now decided to build an elevated flyover instead." Verma mentioned that he received a request from local MLA Kapil Mishra, following which the project was discussed with chief minister Rekha Gupta and received approval. Follow more information on Air India plane crash in Ahmedabad here . Get real-time live updates on rescue operations and check full list of passengers onboard AI 171 .
Time of India
an hour ago
- Time of India
PM Modi to begin 3-nation tour from Cyprus today
File photo: PM Modi (Photo: ANI) NEW DELHI: PM Narendra Modi will travel to Cyprus on Sunday for the first leg of his three-nation tour that will see him participating in the G7 Summit in Canada and also visiting Croatia on his way back. Modi is also expected to have several bilateral meetings on the margins of the summit in Kananaskis. While the PM will have a meeting with his Canadian counterpart Mark Carney, his other bilateral engagements are still being worked out, official sources said. Modi will also come face to face with US President Donald Trump for the first time since their meeting in Feb. The ministry of external affairs said in a statement that the visit to Cyprus - the first by an Indian PM since AB Vajpayee visited the country in 2002 - will reaffirm the shared commitment of the two countries to deepen bilateral ties and strengthen India's engagement with the Mediterranean region and the European Union. The visit to Cyprus is significant also as it comes in the middle of India's tensions with Turkiye over the latter's support to Pakistan. Ankara's recognition of the so-called Turkish Republic of Northern Cyprus in the northern region that was seized by Turkish forces in 1974 and differences over gas exploration rights in the Eastern Mediterranean remain a constant source of tensions between Turkiye and Cyprus. Modi is expected to reach Canada on June 16, a day after the opening of the G7 Summit. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Trade Bitcoin & Ethereum – No Wallet Needed! IC Markets Start Now Undo This would be his sixth consecutive participation in the G7 Summit. "At the summit, the PM will exchange views with leaders of G7 countries, other invited outreach countries and heads of international organisations on crucial global issues, including energy security, technology and innovation, particularly the AI-energy nexus and Quantum-related issues," said the government in its announcement. For the final leg of his tour, Modi will undertake an official visit to Croatia on June 18. This will be the first ever visit by an Indian PM to Croatia, marking an important milestone in the bilateral relationship. "The visit to Croatia will also underscore India's commitment to further strengthening its engagement with partners in the European Union," said the government.
Indian Express
an hour ago
- Indian Express
Property rates likely to go up in Delhi as CM seeks plan on revision of circle rates
Eyeing a revenue boost, Delhi Chief Minister Rekha Gupta on Saturday issued directions for the revision in circle rates at a high-level meeting where the mismatch with current market prices came into focus, said officials. The Chief Minister directed the Revenue Department to form a committee under the chairmanship of the Divisional Commissioner to prepare a plan on the revision. The property prices in Delhi are expected to go up once the revised rates are implemented. Better infrastructure in the Capital, ease of doing business, unauthorised colonies, housing societies, and modernisation of infrastructure in industrial zones were among the issues discussed at Saturday's high-level meeting. During the meeting, officials said, Gupta highlighted that there are inconsistencies in the current circle rate structure across Delhi that require reassessment, and directed the task force to present a report at the earliest after considering all relevant aspects. The panel will submit a detailed report based on current market conditions and property values, which will then be used as the basis for revising the circle rates. Environment Minister Manjinder Singh Sirsa and senior officials from MCD, DDA, DMRC, registrars of co-operative societies, and representatives from the Confederation of Indian Industry (CII) were among the attendees at the meeting. Circle rates, which vary across states and even within areas in a city, are the minimum prices per unit area determined by the government. A property cannot be registered for a price below the circle rate for an area. Depending on factors such as demand and supply, amenities, profile of the neighbourhood, these rates are revised from time to time. In Delhi, the government has divided localities into eight categories based on the floor price — 'A' to 'H'. Upscale localities such as Jorbagh, Vasant Vihar, and Safdarjung Enclave come under category 'A', while the least developed places, mostly located in Outer Delhi, fall in the category 'H'. During the Covid pandemic, the Delhi government relaxed the circle rates by 20%. With the rebate, the circle rate for category 'A' fell from Rs 7.7 lakh to Rs 6.2 lakh per square metre, and in category H, the floor price went down from Rs 23,280 to Rs 18,624 per square metre. In 2022, however, these rebates were withdrawn. At present, the 2014 guidelines are being implemented in Delhi. While the base unit rate of cost of construction (residential use) in category 'A' is Rs 21,960 per square metre, the corresponding value for category 'H' is Rs 3,480. During Saturday's meeting, the CM instructed all civic agencies to take proactive measures for the welfare of unauthorised colonies. She also directed the DDA and Urban Development Department to prepare a comprehensive and detailed report addressing issues related to ownership rights and property registration in these colonies, said officials. The task force also presented a report that included several significant recommendations for the overall development of the city. Some of the key proposals include a standardised development control norms across all agencies and time-bound approvals for large-scale projects, said officials. Officials said that the task force also proposed that slum redevelopment should be encouraged under the public-private partnership (PPP) model, allowing for commercial activities within such projects. 'The task force will work in coordination with various departments and agencies to review existing processes related to entrepreneurs, businesses, and start-ups. It will also evaluate existing policies and submit a report recommending automation and time-bound implementation of reforms,' said Gupta. Further, during the meeting, the CM also discussed the issue of high amalgamation charges for commercial plots and directed the task force to include residential plots under the proposed framework so that an integrated policy can be developed, said officials. She also emphasised the need to make construction-related procedures simple, transparent, and accountable to avoid unnecessary delays in developmental work.
