Second wave of COVID-19 hit housing sales with tier I cities recording an 18 percent decline in sales at 57,093 units in the June quarter (Q1 FY 21-22) from the previous quarter when the sales were 69,691 units, an analysis by Liases Foras has suggested. Consolidated tier 1 cities’ unsold stock... Read more...
Kuwait's realty sector witnessed increasing activity last month when compared to May recording a total of 1,271 transactions worth KD392 million ($1.3 billion) with the Al Ahmadi Governorate garnering the lion's share of deals. The value of private housing trading activity too rose 7.7 per cent. ... Read more...
ANAROCK, One of India’s leading tech-driven real estate services consultancy, will soon launch India’s first Artificial Intelligence & Machine Learning (AI/ML) PropTech solution ASTRA to boost primary housing sales by up to 15%. Developed over two years by ANAROCK and its Data Analytics p... Read more...
Pune’s real estate market has seen a two per cent price correction on a year-on-year basis, said Pune’s residential market report released by international property consultant Knight Frank. The weighted average price in Pune region has seen a 2 percent dip. Residential markets both in Pune ... Read more...
Gurugram-based real estate consultancy firm Rise Infraventures Limited has announced that it is targeting to achieve a cumulative sales of Rs 2,000 crore by end of FY2021-2022. The company expects a gross sale of Rs 30-50 crore starting from the third quarter. The Mumbai office will be operational b... Read more...
Gera Developments on 7th July released the July 2021 edition of their bi-annual report, titled ‘The Gera Pune Residential Realty Report’. The report is an outcome of the longest-running, census-based study of the residential realty market of Pune. It is based on primary and proprietary research ... Read more...
Century Real Estate, one of the leading real estate developer and one of the largest landowners in South India on 6th July announced a record 2.3X growth in sales revenue in FY21. The company is continuing to rise as one of the fastest growing developers in the region, with offerings across asp... Read more...
Tata Steel Ltd's domestic production and steel sales volume declined sequentially during the June quarter, as anticipated. Provisional sales volumes at 4.15 million tonnes (MT) were down 11% sequentially as demand weakened across most sectors. The company attributed this to partial lockdowns in ... Read more...
Builders in Mangaluru and Hubballi-Dharwad are grappling with a shortage of skilled labour, rising cost of raw materials and a demand slump, challenges triggered by the second wave of Covid and the resulting lockdown. But the impact has been less severe on the real estate sector in Mysuru, where the... Read more...
Residential sales volumes in Saudi Arabia have recovered to pre-coronavirus (COVID-19) levels, reaching their highest level for five years, according to a new industry report. Rising mortgage rates have also helped the government reach its homeownership targets as part of Vision 2030. Faisal Durr... Read more...