proptiger.com - The Purbottar

29 Apr

Home sales, new launches dropped in Kolkata

Business Correspondent0 CommentsBusinessHome sales, kolkata, proptiger.com

The real estate market in Kolkata continues to show decline in housing sales as well as new supply as it continues to reel under the impact of a demand showdown. According to a recent report by online real estate company PropTiger.com, new launches in Kolkata declined 50% year on year in Q12022 that is less than a thousand units were launched in Kolkata during the quarter. Home sales dipped 15% YoY in the January-March period of 2022, shows the report, titled Real Insight Residential–January-March 2022. Only 2,860 homes were sold in Kolkata during the three-month period. This decline in sales…

20 Feb

‘Real Insight Residential – Annual Round-up 2021’

editor0 CommentsBusiness, India‘Real Insight Residential, proptiger.com

The restraint shown towards new project launches has helped developers in Kolkata improve their inventory profile, a fact evident from the fact that the City of Joy has the lowest number of unsold stock among India's eight prime residential markets.According to ‘Real Insight Residential – Annual Round-up 2021’, an analysis of these leading housing markets by online real estate company PropTiger.com, Kolkata contributes only 4% to the national unsold stock, with inventory as on December 31, 2021, standing at 25,716. The inventory overhang - the period developers would take to sell off this unsold stock, keeping in view the current…

30 Nov

PropTiger.com release its third quarter report

editor0 CommentsBusinessproptiger.com

Housing sales have increased by 12 per cent to 1,38,051 units during January-September period of the current calendar year from 1,23,725 units in the corresponding period of 2020 as per the recent report 'Real Insight residential Q3 2021 by PropTiger.com’. In the 2020 calendar year, sales plunged 47 per cent to 1,82,639 units from 347,586 units in the previous year, mainly because of strict nationwide lockdowns to control the deadly coronavirus during April-June last year. Rajan Sood, Business Head, PropTiger.com, said, “despite the revival in the residential real estate market, housing sales might still fall short of 2019 numbers. A…

24 Oct

Stamp duty cut helps push home sales in Kolkata

editor0 CommentsBusinessproptiger.com

Demand for housing in Kolkata seems to have improved after the West Bengal government announced a 2% cut in stamp duty and 10% reduction in circle rates for a limited period as part of this year’s Budget.According to Real Insight (Residential) – July-September (Q3)2021, a quarterly report by REA India-owned real estate company, PropTiger.com, builders sold 2,651 units in the West Bengal capital during the July-September period of 2021. This led to a 7% annual and 112% quarterly increase in sales numbers.Under the offer by the state government, which is valid till October 30, 2021, homebuyers in Kolkata pay only…

22 Oct

PropTiger.com launches mega offline property expo “Right To Home” on Oct 23-24, starting tomorrow

editor0 CommentsBusinessproptiger.com, right to home

India’s leading online real estate company PropTiger.com will unveil the gala offline annual property event, ‘Right to Home’, in Kolkata on October 23-24, starting tomorrow. To be held at the Fairfield, the annual event by the REA India-owned company would provide home buyers in the City of Joy a chance to be face to face with prominent developers in India to grab the best festive offers. The two-day event this year will feature housing projects by leading real estate developers in the city, including Godrej, Sriram, Emami, Ambuja, Merlin Siddha, Alcove and Shapoorji, among others. The REA-India-owned real estate company…

09 Apr

Home sales increase 12% in Jan-March quarter

editor0 CommentsBusinessproptiger.com, Real Insight – Q1CY21

Various measures taken by the government at the centre as well as by several state governments to boost buyer confidence have started to show positive outcomes, with home sales in India’s eight prime residential markets showing a quarterly increase of 12% in the January-March quarter (Q1) of CY(calendar year)2021 compared to Oct-Dec quarter of 2020, shows a recent report by online property brokerage firm PropTiger.com. According to ‘Real Insight – Q1CY21’, builders sold a total of 66,176 homes in the primary market in the January-March quarter of 2021, a time marked with several state governments, including Maharashtra and Delhi, announcing stamp duty and…

19 Oct

Home deals in Kolkata Improving

editor0 CommentsBusinesshomes, kolkata, proptiger.com

Data provided by PropTiger.com shows that although new supply continues to be under pressure due to the current market environment, house sales in Kolkata have improved in the third quarter of 2020. "Customers keep on seeing land as the most steady resource and various them are hoping to update their homes as telecommuting is probably going to proceed. While states, for example, Maharashtra have decreased stamp obligation rates on property exchanges, monetary foundations have additionally gotten back advance financing costs to sub-7% level. The engineer network isn't just guaranteeing purchasers can book their future homes utilizing virtual instruments yet additionally…