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The supply of new housing units improved in the October-December 2020 quarter in the country, a report by PropTiger.com said.
According to Real Insight Q4 2020, a total of 54,329 new units were launched during the three months. New launches grew by 173 percent quarter-on-quarter (QoQ) to 19,865 units that were launched in eight key markets during the July-September period.
The report noted that this also reflected a 12 percent year-on-year (YoY) growth over the 48,530 new units that were launched in the December quarter in 2019.
“This was the first quarter since the onset of the coronavirus pandemic wherein we witnessed a YoY growth, signaling a turnaround in the market,” it said.
“Considering all factors, the sector has shown remarkable tenacity in 2020 against unprecedented odds that caused the economy to contract and impact consumer spending,” said Dhruv Agarwala, Group CEO, Housing.com, Makaan.com, and PropTiger.com.
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He noted that the fact that housing sales in India’s key markets have started to bounce back, despite the general gloom caused by the pandemic, shows the immense potential of the real estate sector, which employs the highest number of unskilled workers in the country.
“The sector’s performance seems particularly impressive, given that the pandemic has impacted the income-generating capacity of a large number of people. End-users and investors continue to feel confident about investing in real estate. Prices continued to remain stable and the overall outlook looks positive,” Agarwala added.
In 2020, a total of 1,22,426 units were launched, about half of the new supply in 2019 — 2,44,256 units.
A city-wise break-up of launches also shows that there has been a quarterly increase in the October-December period across markets, barring Ahmedabad. Hyderabad, Pune, and Mumbai were the top three cities in terms of new launches.
Want to read more in Hindi? Checkout: कर्मचारियों का वेतन एक मौलिक अधिकार है : दिल्ली हाई कोर्ट
Units in the sub-Rs 45 lakh category were the largest contributor to the overall supply, with nearly 46 percent share, followed by the mid-segment, which contributed 25 percent.
The spike in supply numbers could be attributed to the increase in home-buying interest in the aftermath of the coronavirus pandemic and also the fact that new launches were muted over the prior three quarters.
“While the trends point to market recovery and positive news given the imminent launch of a vaccine that will ease the pandemic concerns, our optimism should be cautious. Buyers continue to expect low home loan rates, an extension of developer offers, and prefer ready-to-move inventory over under-construction ones,” said Mani Rangarajan, Group COO, Housing.com, Makaan.com, and PropTiger.com.
“We believe that the government should continue to support the sector through moves like lower stamp duty, re-evaluation of circle rates, and increase in tax deduction limit for interest on home loans to ensure that the sector continues to revive.”
Even though home sales in markets covered in the analysis declined by 27 percent compared with the December quarter of 2019, they showed a 68 percent improvement compared with the preceding quarter.
While 58,914 units were sold during the three months, only 182,639 units were sold through all of 2020. Compared with the overall sales registered in 2019, the numbers achieved in 2020 show a 47 percent decline, the report said. (IANS)
By Siddhi Jain
The author who named the book after her twin sons -- Puhor and Niyor -- is a parent who has seen and heard the tales of ridicule and discrimination suffered by many in India and beyond. She says the book is an artistic illustration for kids that details how different families can live and coexist. Whether it's children with two dads or two moms, children with a single dad or single mom, and even multiracial family units, Borthakur's book teaches love, understanding, and compassion towards unconventional families.
Beyond race, gender, color, and ethnicity which have formed the bases for discrimination since the beginning of time, this book aims to bring to light a largely ignored issue. For so long, single parents have been treated like a taboo without any attempt to understand their situations; no one really cares how or why one's marriage ended but just wants to treat single parents as villains simply for choosing happiness and loving their children.
Homosexual parents, a relatively new family system, is another form that has suffered hate and discrimination for many years. Pritisha emphasizes the need to understand that diversity in people and family is what makes the world beautiful and colourful. 'Puhor and Niyor's Mural of Family Stories' is a firm but compassionate statement against all forms of discrimination on the bases of sexual identity, gender, race, and even differences in background
The Guwahati-born author says, "With this book, I'm not trying to take away the job of parents in forming habits, I simply want to do my part as a parent. It is important that we impart the right values in our kids in a bid to build a better, more inclusive and tolerant global society that is fair to everyone." The author's first attempt at a book was an Assamese poetry 'Anubhav', published in 2010.
Set to be published under the label of Author's Channel, the book is like an adventure; a journey into uncharted territories, untouched subjects and matters long ignored. In her words. "The book takes a critical stand in defense of people in society who have had to undergo severe emotional torture for no cause of theirs. It is a terrible conception to think such people any less of a human just for being different," says publisher Aruna Naidu. By September 30, this title, priced at Rs 299, will be available online and in offline bookstores. (IANS/ MBI)
Rajesh U Pandya, Managing Director, KAI India, gives easy and completely doable tips to follow at home:
* Refrain from harsh soaps: You should be mindful of the soap you are using to wash your hands. Your soap can have a moisturizing element in it like aloe vera or shea butter. Ensure that you're washing your hands with normal water as hot water can make your hand's skin dry and scaly.
Make use of your personal nail clipper to cut your nails. | Pixabay
* Be aware of nail or cuticle inflammation or redness: If there are any signs of infection, disinfect the skin as soon as possible with an anti-bacterial or anti-fungal ointment.
(Article originally written by N.Lothungbeni Humtsoe) (IANS/ MBI)
Keywords: Nails, groom, hand, exfoliate, chew, nail clipper, bite, cuticle
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Bitcoin, is the oldest and most solid of the market. | Photo by Executium on Unsplash
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