Housing sales jumped nearly 8% in first 3 quarters of 2018
Well-known property consultant Anuj Puri is upbeat about India’s real estate sector picking up growth acceleration. He believes that this buoyancy will be seen continuing in the context of the 2019 general election for a new government at the centre.…

Well-known property consultant Anuj Puri is upbeat about India’s real estate sector picking up growth acceleration.

He believes that this buoyancy will be seen continuing in the context of the 2019 general election for a new government at the centre.

Figures show that the economy is growing robustly and global credit rating agencies have given positing rating.

Puri notes that both sales and new supply are gradually picking up across the top seven cities – Bengaluru, National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Pune and Hyderabad.

As per ANAROCK data, the new launch supply across these cities in first three quarters of 2018 stood at nearly 139,700 units approx., increasing by nearly 18% against the corresponding period in 2017.

Housing sales have also witnessed a jump of nearly 8% in the first three quarters of 2018 as against the same period in 2017. While we are still far away from historic peak levels, the positive impact of reformatory changes like RERA and GST has been making itself felt.

Indian real estate is grudgingly adjusting itself to an unaccustomed market environment – one of transparency and efficiency. In fact, as per ANAROCK’s recent Consumer Survey, 81% of respondents feel that Indian real estate has become more efficient and transparent.

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