Housing Sales Rallied 57%, Pricing Rises 4%: IIFL Home Loans Report

IIFL Home Loans, a leading housing finance company in association with Liases Foras, a realty research company recently unveiled a report on strongPrice Dynamics and Inventory Supply This report analyses the movement of real estate inventories and their prices over the last one year in the real estate market of Delhi. This study has been conducted to find out is this the right time for the home buyers to invest in real estate

Interestingly, the data gives a ray of hope in an era of despair, to many home buyers who are looking for a new home.

As evident from the above data, sales have increased highly from Quarter 1, 2015-16 to Quarter 1, 2016-17. Over the last 1 year, inventories sales have increased almost 57.5% but the pricing tells a different story altogether.

The table above shows there is a slight variation in the average sale price of inventories. The price has gone up just 4% in last one year. The inventory movement is not proportional to movement in housing prices. A top official of IIFL Home Loans says, here is a direct relationship between sales and price. But here in real estate, sales have increased without much variation in prices. That means housing price correction is yet to be done in real estate market. So this is the best time for the home buyers to buy a new home.

The last year has also witnessed good inventory supply. This is because many stalled projects got completed due to an implementation of the Real Estate Regulation & Development Bill, 2016. The positive initiatives undertaken by the government such as Benami Transactions Bill, S.E.B.I relaxation norms for Real Estate Investment Trusts REITS have ushered a positive sentiment in the realty market.

About IIFL Home Loans:

India Infoline Housing Finance IIFL Home Loans is a housing finance company. It is a 100% subsidiary of India Infoline Finance Limited IIFL. Engaged in the activity of mortgage financing, the company finance the housing requirements of people every nook and corner of the country. With 55+ branches across India and 2000+ pre-approved pan-India projects, the company validates the trust that industry has reposed in the company.