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  • Property prices throughout India have risen in comparison to last year, although the pace of price rise moderated in Q1 FY24.
  • Property prices (weighted average*) in Mumbai and Gurugram were the highest at ~INR 19,000 sq. ft and ~INR 10,000 sq. ft. in Q1 FY24 respectively.
  • Hyderabad witnessed the highest inventory overhang with 16 months, followed by Thane and Mumbai at 13 months each respectively.
  • Absorption of new launches stood at ~28,000 units in Q1 FY24 from ~33,000 units in the previous quarter at a pan-India level.
  • Absorption ratio* of housing units in Q1 FY24 was highest in Gurugram at 26%, followed by Pune and Bengaluru at 25% and 24%.
  • Cost of construction declined 1.3% on-year in Q1 FY24, compared to 1.2% the previous quarte
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TruQuest is knowledge series launched by TruBoard Partners providing succinct updates and views on:

  • Liquidity outlook
  • India’s macro economic view
  • Trends within the infrastructure, Real Estate and Renewable Energy sectors
  • Impact analysis of new regulations and policies on lending and capital flow
Reach out to us at research@truboardpartners.com

Disclaimer

The data and analysis covered in this report of TruQuest has been compiled by TruBoard Pvt Ltd and its associates (TruBoard) based upon information available to the public and sources believed to be reliable. Though utmost care has been taken to ensure its accuracy, no representation or warranty, express or implied is made that it is accurate or complete. TruBoard has reviewed the data, so far as it includes current or historical information which is believed to be reliable, although its accuracy and completeness cannot be guaranteed. Information in certain instances consists of compilations and/or estimates representing TruBoard’s opinion based on statistical procedures, as TruBoard deems appropriate. Sources of information are not always under the control of TruBoard. TruBoard accepts no liability and will not be liable for any loss of damage arising directly or indirectly (including special, incidental, consequential, punitive or exemplary) from use of this data, howsoever arising, and including any loss, damage or expense arising from, but not limited to any defect, error, imperfection, fault, mistake or inaccuracy with this document, its content.