Unsold housing stocks across seven major cities have risen by 24 per cent since 2019 due to higher supply, but realty firms will take 31 per cent less time to sell these units because of high sales velocity, according to JLL India. In a report released on Thursday, real estate consultant JLL India said the…
READ MOREReal estate developers in India are leveraging the strong housing demand to clear their existing stocks, reducing the overhang of unsold properties that had been a concern in previous years.A healthier balance between demand and supply has also stabilised the market.Residential property markets in the top seven cities – Mumbai, Delhi-NCR, Pune, Bengaluru, Chennai, Hyderabad…
READ MOREBengaluru: Realty firm Brigade Enterprises Ltd on Wednesday announced an investment of Rs 8,000 crore in Chennai property market for development of housing, commercial and hotel projects. In a regulatory filing, Brigade informed that “the company has planned an investment of over Rs 8,000 crores by 2030 in Chennai to expand its business in the…
READ MORE