Monday, October 15, 2018
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Posted at: Apr 14, 2018, 12:55 AM; last updated: Apr 14, 2018, 12:55 AM (IST)REALTY BITES

Housing sales, new launches up

Housing sales rose by 12 per cent in seven major cities to 49,200 units during January-March period over the previous quarter on better demand from end-customers post enactment of new realty law RERA, according to property consultant ANAROCK.  Sales stood at 43,800 units in the October-December quarter of 2017 across seven cities — Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune, the consultant said in its housing report for the first quarter of 2018. New supply increased by 27 per cent to around 33,300 units in Q1 2018 from 26,300 units in Q4 2017. As a result, unsold inventory decreased by mere 2 per cent from 7.27 lakh units in Q4 2017 to 7.11 lakh units by Q1 2018.

Sotheby’s realty brand enters Sri Lanka

Sotheby’s International Realty Affiliates LLC has signed a 25-year exclusive agreement with India Sotheby’s International Realty, to further expand the Sotheby’s International Realty brand in Asia with its first office presence in Sri Lanka expected in April, 2018. The firm will do business as Sri Lanka Sotheby’s International Realty (Sri Lanka SIR) under the leadership of Amit Goyal, CEO and Ashwin Chadha, President, India Sotheby’s International Realty.  — PTI

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