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GDP Q1FY21 numbers: Real estate sector contracts 5.3% in April-June quarter due to COVID-19 onslaught

Though the contraction is deep, worse was expected, real estate experts said.

India’s GDP growth numbers, released today by the Central Statistics Office, has shown that the coronavirus-induced disruptions have ravaged the economy.

The real estate sector has been also felt the heat with numbers falling by 5.3 percent in Q1 FY21 from 6 percent growth in the same period last fiscal, the…

Launches and sales decline significantly in Q2 as the pandemic significantly impacted the sector: PropTiger report.

New Delhi, Apr 11 (PTI) Real estate developers have been able to sell only 45 per cent of luxury homes (priced above Rs 3 crore) launched during the last three years, with investors still shying away from putting money in premium properties due to lower returns, according to PropTiger data.

Housing brokerage firm PropTiger, which is owned by News Corp and Softbank-backed Elara Technologies,…

H1 saw 33% jump in delivery of housing units: PropTiger report

The report, which tracks nine cities including Ahmedabad, Bengaluru, Chennai, Gurgaon, Hyderabad, Kolkata, Mumbai, Noida and Pune, said that nearly 8.6 lakh units are scheduled to be handed over to buyers by 2019-end.

The implementation of the Real Estate (Regulation and Development) Act has boosted delivery of housing units. There has been a 33% on year rise in delivery of housing units…