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Home sales, new launches dropped in Kolkata
29 Apr

Home sales, new launches dropped in Kolkata

Business CorrespondentBusiness,
The real estate market in Kolkata continues to show decline in housing sales as well as new supply as it continues to reel under the impact of a demand showdown. According to a recent report by online real estate company PropTiger.com, new launches in Kolkata declined 50% year on year in Q12022 that is less than a thousand units were launched in Kolkata during the quarter. Home sales dipped 15% YoY in the January-March period of 2022, shows the report, titled Real Insight Residential–January-March 2022. Only 2,860 homes were sold in Kolkata during the three-month period. This decline in sales…
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‘Real Insight Residential – Annual Round-up 2021’
20 Feb

‘Real Insight Residential – Annual Round-up 2021’

editorBusiness, India
The restraint shown towards new project launches has helped developers in Kolkata improve their inventory profile, a fact evident from the fact that the City of Joy has the lowest number of unsold stock among India's eight prime residential markets.According to ‘Real Insight Residential – Annual Round-up 2021’, an analysis of these leading housing markets by online real estate company PropTiger.com, Kolkata contributes only 4% to the national unsold stock, with inventory as on December 31, 2021, standing at 25,716. The inventory overhang - the period developers would take to sell off this unsold stock, keeping in view the current…
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