This Is How Residential Real Estate Must Have Fared During 2018 Festive Season


    Share post:

    The festive season is over. Although it is too early to estimate the 2018 festive season’s property sales numbers yet, experts and insiders believe that residential real estate sales will go up by 9 percent in Q4 2018 (the festive season quarter) as against Q3 2018.

    Unlike other industries, the estimation of the exact sales number is not an easy task. Sales numbers are usually collated by the end of the fourth quarter.

    The trend of the recent years shows that the entire fourth quarter of the calendar year is seen as an auspicious time,  which in turn reflects in the form of a rise in sales. Industry experts believe that housing sales in this quarter will go up by 9 percent against preceding quarters. Also, sales must have increased by 15% in the year across the top 7 cities as compared to Q3 2017, IIFL reported.

    If the momentum continues for the rest of the quarter, the Indian real estate industry might expect sales to go up by 12 percent Q.O.Q. However, the ongoing liquidity crisis in Indian real estate could, to come extent, might play spoilsport and put a brake on the progress.

    The numbers keep changing from city to city. Like NCR  real estate market is still sluggish as compared to Bengaluru and MMR that have gained significant momentum with the dust of DeMo, RERA and GST finally settling in. The issue of stalled projects has primarily been at the core of buyers’ discontent in NCR and is still playing the spoilsport.


    Please enter your comment!
    Please enter your name here

    Related Posts

    Latest posts

    Ghaziabad Indirapuram Handover: Progress Update and Prospects for End-July Transition

    GHAZIABAD, India — Officials from the Ghaziabad Development Authority (GDA) have hinted at the imminent handover of the...

    Yeida to Implement New Land Allotment Guidelines Following M3M Dispute

    NOIDA, India — The Yamuna Expressway Industrial Development Authority (Yeida) plans to introduce new guidelines for land allotment,...

    Real Estate Sector Pins Hopes on Modi 3.0: Focus on Infra Development and Affordable Housing

    NEW DELHI — The real estate sector is optimistic that Prime Minister Narendra Modi's third term will bring...

    Suraksha Group to Pay YEIDA in Jaypee Infratech Acquisition

    India (June 11, 2024), a Mumbai-based real estate conglomerate — The Suraksha Group has taken control of debt-laden...