Housing sales are estimated to rise in 2015 according to property consultant JLL India.

Q: Housing sales likely to rise to 1.92 lakh units this year in the country's top seven cities on expectations of interest rate cut and stable prices.

Kajal, Delhi-NCR

6th January 2015

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The consultant felt that townships would become more widespread, while the supply of luxury homes would average to put in order with the slow demand.

Lohit Raj, Delhi-NCR

6th January 2015

Comment

According to JLL, developers would become more serious about right-sizing and right-pricing their offerings.
smaller, yet better-designed and more efficient homes will define the residential real estate market in 2015, and selective corrections in some of the over-priced cities will help bring about faster sales for stop flowing supply of larger configurations.

Sukhpreet, Delhi-NCR

6th January 2015

Comment

If property prices staying stable and good deals being offered by developers in order to clear their inventory, once again sitting buyers be further encouraged to press the buy button. Developers are now largely focusing on affordable homes, as a result this would help in bridging the existing wide gap between demand and supply of affordable homes.

Lohit Raj, Delhi-NCR

6th January 2015

Comment

As per JLL Chairman and Country Head Anuj Puri, 2015 will see home buyers benefiting from decreased lending rates, increased developer-focus on affordable homes, largely stable prices, and better job and income prospects.

Sukhpreet, Delhi-NCR

6th January 2015

Comment

You are right Sukhpreet,
Supply, however, is estimated to decrease marginally to 2.18 lakh units this year from 2.2 lakh units in 2014.
Developers still have unsold inventories of 27 months at the end of this year as compared to 28 months in 2014-end.

Lohit Raj, Delhi-NCR

6th January 2015

Comment

Hi,
I have seen that housing sales fell to 1.75 lakh units in the primary markets of 7 major cities in 2014 as compared to nearly 2 lakh units in the previous year. These 7 cities are Delhi-NCR, Mumbai, Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

Sukhpreet, Delhi-NCR

6th January 2015

Comment