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Realty sector witnessing k-shaped recovery; smaller players losing mkt share: Icra

Realty sector witnessing k-shaped recovery; smaller players losing mkt share: Icra
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The real estate sector has been down and out for about five years, with the last two years being particularly bad on the back of demonetisation and implementation of RERA and GST. Photo: Mint
2 min read
. Updated: 22 Feb 2021, 05:01 PM IST PTI
For the broader market, COVID-19 triggered one of the worst demand crashes in recorded history, with housing sales volumes witnessing a Y decline of 62% during Q1FY21 across the top eight cities of the country, which came down to 24% by Q3
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MUMBAI : ....

India General , Uddhav Thackeray , Shubham Jain , Tata Motors , Yamuna Expressway Industrial Development Authority , File Photo , Juhu Beach , Tata Safari , Jewar Airport , Join Mint , Realty Sector , K Shaped Recovery , Repo Linked Lending Rate , Covid 19 , இந்தியா ஜநரல் , உத்தவ் தாக்கரே , சுபம் ஜெயின் , டாடா மோட்டார்கள் , யமுனா அதிவேக நெடுஞ்சாலை தொழில்துறை வளர்ச்சி அதிகாரம் , கோப்பு புகைப்படம் , ஜுஹு கடற்கரை , டாடா சஃபாரி , நகை விமான , சேர புதினா , ரியல்டீ துறை , கே வடிவ மீட்பு ,

Improved affordability supports recovery in housing demand: ICRA

Improved affordability supports recovery in housing demand: ICRA
January 19, 2021
Y-o-y sales decline limited to 7% in Q3 FY2021
Improved affordability has supported recovery in housing demand with y-o-y sales decline getting limited to 7 per cent in Q3 FY2021, according to ICRA.
The government’s initiatives on stamp duty waivers and flexible payment schemes, discounts by developers, and low interest rates have resulted in improved affordability, which has stimulated housing demand.
Housing sales volumes, which had declined by 62 per cent y-o-y in Q1 FY2021, bounced back considerably in subsequent quarters, with a q-o-q growth of 60 per cent in Q2 FY2021 and a further q-o-q growth of 53 per cent in Q3 FY2021, limiting the y-o-y de-growth to 7 per cent in Q3 FY2021 ....

Shubham Jain , Group Head , Senior Vice President , Housing Deman , India Real Estate , India Residential Real Estate , சுபம் ஜெயின் , குழு தலை , மூத்தவர் துணை ப்ரெஸிடெஂட் , வீட்டுவசதி அரக்கன் , இந்தியா ரியல் எஸ்டேட் , இந்தியா குடியிருப்பு ரியல் எஸ்டேட் ,

Improved affordability supports housing demand recovery; sustainability key to recovery: ICRA

Improved affordability supports housing demand recovery; sustainability key to recovery: ICRA
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Synopsis
Housing sales volumes that had declined by 62 per cent on-year in June quarter across top 8 Indian cities, bounced back considerably in subsequent quarters, helping limit the on-year decline in December quarter at 7 per cent.
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Housing affordability in India has historically been low, with unit pricing remaining high due to rising land costs, zoning and floor indices-based restrictions, and high transaction costs and taxes, such as stamp duty and registration charges.
MUMBAI: Improved affordability led by record-low home loan rates, government initiatives including stamp duty waivers and discounts offered by realty developers has stimulated demand for housing. ....

Shubham Jain , Goods Services Tax , Group Head , Central Government , Senior Vice President , Services Tax , Maharashtra Government , Low Home Loan Rates , Affordable House , சுபம் ஜெயின் , பொருட்கள் சேவைகள் வரி , குழு தலை , மைய அரசு , மூத்தவர் துணை ப்ரெஸிடெஂட் , சேவைகள் வரி , மகாராஷ்டிரா அரசு , குறைந்த வீடு கடன் ரேட்ஸ் ,

Realty sales volume to decline 35-40% this fiscal: ICRA - The Hindu BusinessLine

January 15, 2021
FY22 outlook remains negative but normalisation process to kick in
The country’s residential real estate segment has been witnessing a prolonged downcycle owing to high inventory overhang, muted demand, weak affordability and declining investor interest, according to rating agency ICRA.
ICRA’s outlook for FY22 remains Negative for the residential and retail real estate segments and stable for the office leasing segment
The Covid-19 pandemic served as a double whammy, with overall housing sales volumes recording a YoY decline of 50 per cent in H1 FY2021, across the top eight cities of the country.
However, post a sharp decline in Q1 FY2021, sales bounced back considerably with a QoQ growth of 60 per cent in Q2 FY2021, primarily driven by a gradual unlocking of the economy, pent-up demand, and improved affordability on the back of reduced home loan rates and attractive payment schemes/discounts. ....

Shubham Jain , Group Head , Senior Vice President , Corporate Ratings , Real Estate , Investor Interest , Covid 19 , சுபம் ஜெயின் , குழு தலை , மூத்தவர் துணை ப்ரெஸிடெஂட் , பெருநிறுவன ரேடிஂக்ஸ் , ரியல் எஸ்டேட் , முதலீட்டாளர் ஆர்வம் , சர்வதேச பரவல் ,

ICRA's outlook for FY2022 remains Negative for residential segment

Collections are also expected to largely return to pre-Covid levels by FY2022, which, combined with some moderation in project spend and curtailed overheads, is expected to result in net operating cash flows for the year returning to/slightly exceeding pre-covid levels. ....

Shubham Jain , Group Head , Senior Vice President , Corporate Ratings , Co Vid , Real Estate , Cash Flows , Residential Segment , சுபம் ஜெயின் , குழு தலை , மூத்தவர் துணை ப்ரெஸிடெஂட் , பெருநிறுவன ரேடிஂக்ஸ் , இணை வித் , ரியல் எஸ்டேட் , பணம் பாய்கிறது , குடியிருப்பு பிரிவு ,