Latest news with #SamantakDas
Time of India
4 days ago
- Business
- Time of India
Premium housing market cornered 62% market share in 2025
Within the premium segment, the rise was largely driven by the 14% growth in demand for houses priced Rs 3-5 crore. (AI image) NEW DELHI: Houses priced at Rs 1 crore and above were in highest demand in the first half of 2025, according to a research report by JLL. The premium segment accounted for 62% of the sales during the period. This is a significant increase from the 51% market share of the premium segment during the same period last year. Within the premium segment, the rise was largely driven by the 14% growth in demand for houses priced Rs 3-5 crore. At the same time, the mass segment's (houses priced below Rs 1 crore) share dropped to 38% in the first half of 2025 from 41% during the same period of last year. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces,' said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. Though launches have slowed down, developers are focusing more on high-end and premium projects to align with current demand patterns. The April-June quarter of 2025 saw 74,239 new homes enter the market, bringing the total to 154,086 units in the first half of 2025. Bengaluru, Mumbai, and Pune retained their leadership position in India's housing sector. These three cities collectively hold a 63% share in the residential sales volume across top seven cities. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Information about Autoclave Use In Laboratories And Industry contentcuehub Search Now Undo Launches of homes priced over Rs 1 crore surged 110% in the first half of 2025 compared to the same period last year. But it was Delhi NCR that led the y-o-y property price growth. While home prices across India's seven major cities continued to climb in the first half of 2025, Delhi NCR saw the highest jump at 17%, while Bengaluru followed at 14%. This widespread price growth across all major markets stems from higher building costs and consistent buyer demand, which has encouraged developers to launch more premium housing options. The rate cuts by the RBI and declining inflation levels are expected to boost India's housing market by making home loans more affordable, helping stabilize building costs, and enhance consumer confidence—creating favourable conditions for both homebuyers and developers. However, housing finance companies have not lowered lending rates even though the repo rate has been cut by almost 100 basis points in the past 12 months. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
6 days ago
- Business
- Time of India
Real estate trends: Homebuyers opting for plotted deals developments as land prices climb
Numerous national property firms are expanding their plotted development operations. (AI image) Plotted developments are experiencing significant growth amongst buyers of second and third homes, who are attracted by strong value appreciation prospects, enhanced adaptability, and the enduring worth of land assets. Over the past four years, land values in major cities have shown double-digit increases, transforming plotted layouts from a specialised market segment into a primary investment choice, particularly for wealthy and aspirational purchasers. In response to increasing customer interest, developers are launching branded, fully-equipped plot communities featuring comprehensive amenities, verified land titles and complete infrastructure. Second-home purchasers particularly value land as a future investment, appreciating the flexibility to construct at their convenience, avoid built property depreciation, and gain from natural land value increases. "Plotted developments help real estate developers to diversify risk and take advantage of lower development costs, faster construction timelines and increased cash flows," said Samantak Das, chief economist and head of research at JLL India according to an ET report. "Developers are diversifying into this format due to faster turnaround times, quicker cash flows, and growing investor confidence." He noted that 944 acres were acquired in the March quarter, with 20% allocated for plotted developments. JLL India reports that developers purchased over 2,300 acres across 23 cities in 2024, with 38% designated for plotted or low-rise residential projects. Numerous national property firms are expanding their plotted development operations. Sumadhura and Assetz Group, recognised for large township developments, are investing substantially in this sector. "Land appreciates faster than built-up units especially in the outskirts of a city, and with today's buyers looking for sustainability, long-term wealth creation, and freedom in design, plotted developments are gradually becoming a natural alternative choice," said Sunil Pareek, executive director at Assetz, which has plotted development projects in Bengaluru according to the ET report. Market data shows that plot prices have doubled in cities like Bengaluru, Pune, Hyderabad, and NCR's outskirts over four years. In Bengaluru's Sarjapur and Devanahalli areas, plotted land costs ₹5,000-₹8,000 per sq ft, varying by location, developer and infrastructure. Whilst land acquisition and financing have traditionally been more challenging than apartments, reputable developers offering Rera-compliant projects have enhanced transparency and legal processes, attracting more institutional and individual investors. For buyers, plotted developments offer multiple benefits beyond value appreciation. These include zero maintenance fees until construction begins, absence of shared owner obligations, and complete autonomy in home design.
Time of India
7 days ago
- Business
- Time of India
105% jump in residential project launches in H1 '25
Kolkata: After a lull in project launches, when incremental sales led to a steady decline in inventory, Kolkata clocked a 105% growth in launches in Jan-June 2025, the highest among the top-seven markets in the country. This is also the strongest-ever half-yearly launch performance. The spurt in launches is expected to give a fillip to sales that have been on a decline. According to a report released by realty consultants JLL, 9,000 units were launched in the first half of 2025, more than twice the units launched in Jan-June 2024. The next best market in terms of launches was Chennai at 35%, followed by Bengaluru at 19% and Pune at 7%. Hyderabad saw a decline of 35%, followed by Mumbai, where launches fell 22%, and Delhi NCR saw a dip of 7%. "With its increased supply momentum, there is an increase in Kolkata's contribution to nationwide launches, with the city now representing 6% of all launches across India in H1 2025, up from just 3% during the same period last year," said JLL chief economist and executive director (research) Samantak Das. You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata The impressive growth in launches was driven by phase-wise extension in projects like F Residences Merlin Phase-II, Merlin Avana Phase-II, Greenfield City Phase-II, and medium-scale prominent project launches like Utpalaa—The Condoville and The Crown. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 15 most beautiful women in the world Undo Launches in the Rs 1 crore and above segment increased by 325% year-on-year during the first half of 2025, indicating a growing preference for high-end homes supported by launches in the segment. On the sales front, Kolkata registered sales of 6,747 units in Jan-June 2025, a 29% decline against the previous year's figure of 9,477 units. All other major cities, with the exception of Chennai, saw a dip in sales. "Around 70% growth in sales was recorded in the Rs 1 crore and above segment during H1 2025 when compared to H1 2024, indicating premiumisation of the city's housing sector," said Das. Realtors and developers expect sales to pick up following the reduction in the repo rate and declining inflation levels that will make home loans more affordable, help stabilise building costs, and enhance consumer confidence.
Time of India
7 days ago
- Business
- Time of India
Luxury housing performance outpaces mass market in H1 2025
India's housing market is witnessing a decisive tilt toward premium homes, with properties priced above Rs 1 crore accounting for 62% of all residential sales during the first half of 2025, showed data from JLL. This marks a sharp rise from 51% in the first half of 2024, signalling strong momentum in the high-end housing segment even as overall volumes declined. The rise in contribution was largely driven by 14% growth in demand for INR 3.0-5.0 crore housing segment during the same period. While premium homes gained market share during the period, the share of the mass segment with a price bracket of less than Rs 1 crore dropped to 38% during the period from 49% a year ago. 'The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment,' said Samantak Das, Chief Economist and Head of Research and REIS, India, JLL. In the first half of 2025, Bengaluru, Mumbai, and Pune retained their leadership position in India's housing sector, collectively holding 63% share in the residential sales volume across the top seven cities. Despite fewer new project announcements during the period, launch of homes priced over Rs 1 crore surged 110% from a year ago. 'Despite a slowdown in launch momentum developers are focusing more on high-end and premium projects to align with current demand patterns. Q2 2025 saw 74,239 new homes enter the market, bringing the H1 2025 total to 154,086 units. The luxury segment showed remarkable momentum, with properties priced above Rs 1 crore more than doubling in number compared to H1 2024, responding to robust demand in this premium category,' said Siva Krishnan, Senior MD (Chennai & Coimbatore), Head - Residential Services, India, JLL. Despite the overall decline in sales in the first half of 2025, India's top seven cities maintained quarterly growth momentum during the June quarter, recording 69,630 unit-sales. Four major markets of Bengaluru, Mumbai, Pune, and Delhi NCR--each surpassed 10,000-unit sales in the quarter, collectively accounting for around 77% of total quarterly sales. The luxury segment showed exceptional quarterly performance, with homes priced above Rs 5 crore experiencing substantial 42% sequential growth, while demand in the Rs 3-5 crore range increased by 28% compared to the previous quarter.
Time of India
7 days ago
- Business
- Time of India
Sales of affordable, mid-income flats drop 32 pc in Jan-Jun across 7 cities: JLL
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel India's seven major cities have witnessed a 32 per cent drop in sales of apartments costing below Rs 1 crore, while demand for premium homes rose 5 per cent during the first six months of this year, according to Tuesday, real estate consultant JLL India released its report for housing market, which showed that sales of apartments fell 13 per cent annually in January-June 2025 to 1,34,776 units across seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Kolkata, Chennai, Hyderabad, Bengaluru, and includes only apartments. Rowhouses, villas, and plotted developments have been per the data, sales of apartments (below Rs 1 crore category) fell 32 per cent annually in January-June to 51,804 sales of premium apartments (each above Rs 1 crore) rose 6 per cent to 82,972 units in the first six months of this calendar year."Apartments valued at Rs 1 crore and above represented approximately 62 per cent of total sales during the first half of 2025, marking a significant increase from their 51 per cent market share during the same period last year," JLL India segment's (sub-Rs 1 crore) share dropped to 38 per cent during the first half of 2025 from 49 per cent in the year-ago period."The steady growth in luxury home sales indicates rising buyer affluence, evolving lifestyle aspirations, and a heightened demand for larger, premium living spaces. This increasing focus on premium properties has overshadowed activity in the mass housing segment," said Samantak Das, Chief Economist and Head of Research, JLL Sterling Developers CMD Ramani Shastri said the real estate market is set for steady growth supported by reduced home loan interest rates, continued policy support, and infrastructure Suraj, Founder of InfraMantra, noted that Gurugram has seen huge supply in the luxury segment and a consequent demand from HNIs, NRIs and new-gen wealth estate and construction firm BCD Group CMD Angad Bedi said the record leasing of office spaces is helping drive housing demand across top-seven Kothari, Founder & CEO of Property First Realty, noted that there is a growing trend of premiumisation in the residential real estate Kumar, Marketing Head of M5 Mahendra Group, said, "India's growing economy has led to an increase in high-net-worth individuals (HNIWs) and ultra (HNIWs), especially in urban hubs."These major cities are seeing a surge in demand for high-end homes that offer luxury, exclusivity as well as connectivity, he added. PTI
