Property prices continue to rise across top 8 cities: Report
Property prices in Indiaβs 8 prime residential markets firmed up further in the past one year amid a spike in the cost of construction, according to the data by online property brokerage firm PropTiger.com. Average property prices in most cities analysed experienced double-digit growth in the third quarter of 2024 (Q3CY2024) compared to the same…
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Signature Global net debt up 4% in Q2 to Rs 1,020 cr; looks to tap strong housing demand
Realty firm Signature Global’s net debt rose by 4 per cent in September quarter to Rs 1,020 crore as it looks to expand business amid strong consumer demand for housing properties. The company’s net debt stood at Rs 980 crore at the end of June quarter FY25. Earlier this week, Signature Global reported that it…
READ MOREUnsold housing stock up 24 per cent in top 7 cities, builders need 22 months to sell: Report
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 MORERobust housing demand helps in faster inventory liquidation
Real 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…
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