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Business Standard

Housing sales down 11% in Jul-Sept, avg prices up 23% in 7 cities: Anarock

Housing sales fell 11 per cent during July-September to 1.07 lakh units in seven major cities on lower launches and an annual 23 per cent growth in average prices, according to Anarock. Real estate consultant Anarock on Thursday released data that showed an 11 per cent fall in sales of residential properties in July-September to 1,07,060 units from 1,20,290 units in the year-ago period. Anarock Chairman Anuj Puri said, "All the top cities individually recorded a dip in housing sales." The top 7 cities witnessed a drop of 19 per cent in new housing supply, with 93,750 units launched in July-September 2024 against 1,16,220 units in the corresponding period in 2023. "Nevertheless, the fact that sales remained higher than launches indicates that the demand-supply equation remains robust," Puri said. He pointed out that housing sales in the third quarter tapered down amid high prices and the monsoon season. "As always in this period, the 'shraad' period also suppressed demand to an ex

Business Line

Vaibhav Global stock dips after credit rating upgrade

E-tailer Vaibhav Global bags credit rating upgrade for improved financial performance

The Economic Times

Smallcap sell-off: 4 stocks mutual funds dumped in August

Mutual funds significantly reduced their holdings in Vaibhav Global during August, selling approximately 13.13 lakh shares. This resulted in their total ownership dropping from 14.76 lakh shares in July to 1.62 lakh shares by the end of August.

Business Standard

IIT Bombay placements: Avg package hits Rs 23.5L, 22 offers exceed Rs 1 cr

A total of 430 students were placed in 106 core engineering companies, primarily in entry-level roles. This IIT Bombay placement season recorded a 12% increase in the number of recruiting companies

Business Standard

Avg housing prices in top 8 cities surge 12%; Delhi-NCR sees highest rise

Excluding MMR, unsold inventory levels declined by about 5 per cent QoQ across the eight cities

Business Standard

Avg housing prices up 90% in Bengaluru's Bagaluru; 79%at Dwarka Expressway

Housing prices in Bengaluru's Bagaluru rose highest by 90 per cent since 2020, while Dwarka Expressway in Delhi-NCR ranked 4th with 79 per cent average appreciation, according to Anarock. Real estate consultant Anarock analysed price trends in the top 3 micro-markets of the 7 major cities, based on the maximum new supply seen in the last five years. As per the data, Bengaluru's Bagaluru recorded the highest price appreciation of 90 per cent between 2019-end and June this year. "Average residential prices at Bagaluru jumped from Rs 4,300 per sq ft in 2019 to Rs 8,151 per sq ft in H1 2024," Anuj Puri, Chairman at Anarock, said. Hyderabad's Kokapet is ranked second with 89 per cent price appreciation. Prices rose from Rs 4,750 per sq ft in 2019 to Rs 9,000 per sq ft in H1 2024. Bengaluru's Whitefield ranked third, with an 80 per cent rise in residential prices during the period. Average prices increased to Rs 8,600 per sq ft in H1 2024 from Rs 4,765 per sq ft in 2019. NCR's Dwarka

Business Standard

Avg housing prices jumps nearly 50% in Delhi-NCR, Mumbai in 5 yrs: Anarock

Average housing prices in Delhi-NCR and Mumbai Metropolitan Region (MMR) have risen by nearly 50 per cent in the last five years, driven by higher demand, according to Anarock. Real estate consultant Anarock's data shows that the average rate of residential properties in Delhi-NCR has risen by 49 per cent to Rs 6,800 per square foot in January-June 2024 from Rs 4,565 per square foot in the same period of the 2019 calendar year. Similarly, in the MMR, the average housing prices grew 48 per cent to Rs 15,650 per square feet from Rs 10,610 per square feet during the period under review. Anarock has attributed the rise in prices to steep hikes in construction costs and healthy sales. Prices in both regions had maintained the status quo from late 2016 to 2019, it pointed out. "The COVID-19 pandemic was a boon for these two residential markets, causing demand to soar to new heights. Initially, developers induced sales with offers and freebies, but with demand heading north, they gradual