Homes priced in the bracket of sub Rs 50 lakh saw an overall sale of 58% in the last quarter.
By Varun Singh
Homes priced Rs 50-lakh in the top cities in the country have one thing in common. Maximum houses sold in the last quarter (Quarter 3 of FY 2019-20) were priced below Rs 50 lakh.
A report by Real Estate research firm Liases Foras says, 58% Of Homes Sold Last Quarter Were Below Rs 50 Lakh.
Among various cost segments, the sub Rs 50 Lakh cost bracket witnessed 66% of new launches in the quarter.
Highest supply in the segment came in Pune contributing 75% of total city’s new supply followed by in MMR and NCR contributing 49% and 82% of their new supply respectively.
Sale of homes in Less than Rs 30 Lakh cost bracket increased by 8% on a QoQ basis and by 9% on YoY basis. NCR had highest sales share in this segment (19%) followed by MMR (14%), Outer MMR (12%), Pune(10%) andAhmedabad(10%).
Sales in the cost bracket of Rs 30 – 50 Lakh increased by 6% on QoQ but decreased by 1% on YoY basis. Maximum sales in the segment was weighed in by MMR (17%) and Pune (16%) followed by Ahmedabad (11%), NCR (10%) and Bangalore (9%).
Sale of homes in the cost bracket of Rs 50 Lakh – 1 Cr. increased by 2% on QoQ basis while it remained almost stable on YoY basis. Bangalore had maximum sales share of 19% in the segment followed by MMR (16%), Pune (12%), NCR (9%) and Hyderabad (9%).
Maximum sales was witnessed in Less than Rs 30 Lakh segment with 31% share followed by Rs 50 Lakh – 1 Cr. (28%) and 30 Lakh –50 Lakh segment (27%). Thus bringing the over all to 58% sale of homes under the Rs 50 lakh bracket.
Also Read: Arijit Singh buys 4-flats for Rs 9.1 crore in Mumbai.
