Avg price of new launch projects in top 10 cities surges by 88%
A recent report by the real estate data analytics firm PropEquity said the average price of new launch projects in India’s top 10 cities have surged 88 per cent in the past five years.
A recent report by the real estate data analytics firm PropEquity said the average price of new launch projects in India’s top 10 cities have surged 88 per cent in the past five years.
Union Minister of Housing and Urban Affairs and Minister of Power, Manohar Lal Khattar, held a meeting with Andhra Pradesh Chief Minister N Chandrababu Naidu here on Friday.
Introduced on May 6, 2024 pan-India and since then this initiative has been providing speedy service.
The key cities contributing to new launches in Q1 2024 were MMR, Hyderabad, Pune, and Bengaluru, which together accounted for 83 per cent of the quarter’s supply addition.
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The 50 basis points hike in the repo rate coupled with inflationary pressure is likely to impact the sentiment of the Housing sector particularly in the affordable and mid-range housing segments.
Chairing the department-wise review meeting on the work of budget announcements, the CM said officers of the Housing for All Department should complete all the work related to this at the earliest.
The housing sector demands a high level of creativity. There is a lot to be done across a range of policy areas to improve the functioning of different aspects of our housing system.
"The impact of the third Covid-19 wave was significantly lower than of the preceding two waves. The unrelenting appetite for homeownership amid the pandemic has coupled with a growing certainty of impending price rises to speed up housing sales velocity."
