Top 100 real estate projects in Mumbai witnessed sales worth Rs 25,000 crore in CY 2020: Report



a large body of water with a city in the background: Top 100 real estate projects in Mumbai witnessed sales worth Rs 25,000 crore in CY 2020: Report


© Vandana Ramnani
Top 100 real estate projects in Mumbai witnessed sales worth Rs 25,000 crore in CY 2020: Report

As many as 100 real estate projects in Mumbai contributed to over Rs 25,000 crore in property sales in Mumbai (MMR) for the calendar year 2020. Majority of the top projects are from Lower Parel, Worli, with sales of more than Rs 9,000 crore, a report by Zapkey.com has said.

Some of the top projects in Worli, according to the report were, Raheja Artesia, Indiabulls Blu, One Avighna Park, Lodha World Towers, Piramal Mahalaxmi, Oberoi 360 West, Lodha The Park, among others, the report said, adding over 1,200 units were registered in the area.

Projects in Thane contributed to close to Rs 4,000 crore in sales with almost 4,000 units registered. Top-selling projects in the area were One Hiranandani Park, Lodha Amara, Lodha Crown, Courtyard, the report said.

“The Lower Parel/Worli area was going through a slowdown pre-covid because of the low demand, but the pandemic has actually given a big boost to the market. This is mainly because of higher interest in larger and luxury homes because of the pandemic and the reduction in stamp duty by the Maharashtra

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Calgary real estate forecast to continue strong sales momentum, even see slight price growth

It won’t be a banner year for real estate in Calgary, but according to the city’s association of realtors, 2021 will likely be marked by more balance among buyers and sellers.



a person holding a cell phone: Calgary Real Estate Board chief economist Ann-Marie Lurie expects home sales to increase by five per cent over 2021.


© Provided by Calgary Herald
Calgary Real Estate Board chief economist Ann-Marie Lurie expects home sales to increase by five per cent over 2021.

That’s good — but not great — news, according to the Calgary Real Estate Board’s CEO and president Alan Tennant.

“It’s human nature that we find optimism,” he said recently about what he’s heard among the board’s more than 5,000 members.

Optimism does not quite “capture the mood. I think everybody is more concerned,” he adds.

Cautious optimism better reflects the key thrust of the Calgary Real Estate Board 2021 Forecast, released Tuesday.

It forecast the benchmark price of a home in Calgary will increase by one per cent this year over 2020. While modest, it would be notable, marking the first year of positive price growth since 2015.

CREB chief economist Ann-Marie Lurie explained sales growth momentum from the second half of 2020, which outpaced sales data from the last few years, should continue into the first few months of 2021.

“But listings will

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Lexington real estate shatters sales records, prices increase in 2020 despite COVID

Jan. 27—Buoyed by near record-low interest rates, real estate transactions in Fayette and surrounding counties topped $3 billion in 2020, a new record.

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The number of Central Kentucky sales was also up compared to 2019 with 15,309 sales in 2020 compared to 14,153 the year prior, according to Lexington-Bluegrass Association of Realtors.

That’s an 8 percent increase.

Total sales were $3.5 billion, up 19 percent from 2019. It was the first year that total sales topped $3 billion.

December was also the 22nd straight month of increasing home prices.

In Fayette County, the median home price in December 2019 was $203, 985. In December 2020, the median home price was $229,000, a 12 percent increase.

“Last year was phenomenal for real estate in terms of overall transactions,”said Kristy Gooch, president of LBAR. “It served as a catalyst for the economy when many other industries weren’t so fortunate. It also shows how much demand there is for housing in our region.”

The available inventory of homes for sale is also low, driving up demand, real estate officials said.

December recorded a drop of 50 percent in total homes on the market with 1,633 residential properties for sale across all

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NYC Real Estate Sales Dropped 46{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} Amid Coronavirus, Study Finds

NEW YORK CITY — Turns out a once-in-a-century pandemic isn’t the best time to buy a home in New York City.



a stone bench sitting next to a brick building: A new study found the coronavirus pandemic likely caused a 46 percent drop in residential home sales in the city.


© Matt Troutman/Patch
A new study found the coronavirus pandemic likely caused a 46 percent drop in residential home sales in the city.

Residential sales and investment in 2020 dropped 46 percent over the year before, according to a new study by the Real Estate Board of New York.

The $47.1 billion in sales would be impressive for nearly every other city, but still marked a 36 percent decline in tax revenue from already hard-hit state and city budgets, the study found.

“With this full scope of real estate activity in 2020, we can fully see the devastating economic impact the COVID pandemic has had on New York,” James Whelan, the real estate board’s president, said in a statement. “Our City and State are in dire need for the new federal administration to step in with a stimulus package – including state and local aid, rent relief and unemployment benefits – that addresses our economy and helps all New Yorkers out of this crisis.”

President Joe Biden and his congressional allies have pushed for another round of stimulus

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Zillow fixes glitch that caused some real estate agents’ sales to disappear

In the real estate business, word of mouth and good reviews go a long way.

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So some real estate agents were surprised and concerned when data like their listings or sales history recently disappeared from popular real estate website Zillow over the weekend.

Zillow shows property listings from around the country and has grown into a major force in the industry. It says it’s the most visited real estate website in the U.S. with more than 200 million visitors each month.

On Thursday night, Zillow said it had restored all past sales and that current listings would be restored to agents’ profiles within two weeks.

HOUSING MARKET STAYS TIGHT AS HOMEOWNERS STAY PUT

The issue is related to a technical change at Zillow, the company explained in a blog post. The website recently switched from taking listing information from “thousands of disparate data feeds” to a simplified system using Internet Data Exchange, or IDX feeds.

Zillow said in the post that moving to IDX feeds would ultimately “create a better experience on our platform” for homebuyers and sellers. And the good news was that the data weren’t lost and still showed up in searches, even if they didn’t

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Global Interior Design Market 2020 Applications, Market Size According to a Specific Product, Sales and Revenue by Region 2025

The MarketWatch News Department was not involved in the creation of this content.

Jan 19, 2021 (CDN Newswire via Comtex) —
The latest informative study entitled Global Interior Design Market 2020 by Company, Type and Application, Forecast to 2025 released for the database of MarketsandResearch.biz helps a reader to understand the market in depth. The report supplies a comprehensive analysis of business aspects like global Interior Design market size, recent technological advances, and inventions. The research report consists of: introduction of the market, key players, opportunities, restraints, product & type classification, and overall market analysis. This research study aims to help in making the right steps before starting up a company, business conclusions, and shape the future of the organizations. For supreme reader ease, this research presentation on the global market establishes the overall forecast timeline, allowing detailed market approximation about growth likelihood in the market.

Market Development:

This report analyzes the market for various segments across geographies. It offers a thorough study of the dynamic segmentation of the global Interior Design market. A holistic review of the vital market alterations and developments is presented. The report underlines notable growth-friendly activities of leading players. The report delivers relevant details about

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Home Improvement Sales Expected to Remain Strong in 2021

Dublin, Jan. 19, 2021 (GLOBE NEWSWIRE) — ResearchAndMarkets.com published a new article on the home improvement industry “Home Improvement – Home Improvement Sales Expected to Remain Strong in 2021”

The Joint Center for Housing Studies of Harvard University projects an annual growth in renovation and repair spending of 4.1{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} by the first quarter of 2021 with a fall to 1.7{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} by the third quarter.

Annual expenditures for renovation and repair of owner occupied homes are expected to rise from $332 billion to $337 billion by the second half of 2021. In 2020, the home improvement sector saw growth as a result of consumers spending more time at home along with the need for consumers to adapt their homes to serve new purposes such as work, school and leisure.

Trends started in 2020 are expected to continue and even pick up pace in 2021 as consumers who have gained confidence in their home improvement skills turn to more ambitious projects. Key trends for 2021 will include consumers seeking to repurpose existing spaces within their homes, reorganization of home storage such as closets and garages as well as an increased focus on improving outdoor living spaces.

According to a survey from Lowes

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Mitch Gould of Consumer Products International Sees Home Improvement Retail Sales Staying Strong in 2021

Boca Raton, FL, Jan. 14, 2021 (GLOBE NEWSWIRE) — When COVID-19 forced millions of people to stay at home, many of them got busy fixing up their homes, which is why retailers, such as Lowes and Home Depot, thrived during the pandemic.

Third-quarter sales for Lowes increased 30.1 percent to $22.3 billion, while Home Depot reported a 24 percent spike from 2019 as people spruced up their homes while stuck at home.

“The reason the U.S. economy has shown resiliency is that COVID-19 didn’t hurt all the consumer goods sections. For many consumers, they just switched from in-store purchases to online buying,” said Mitch Gould, founder and CEO of Boca-Raton based Consumer Products International. “Many consumer industries, such as home improvement, thrived during the health crisis.”

Gould said the U.S. economy in 2021 should continue to rebound as Americans receive stimulus and expanded unemployment checks, and businesses receive aid from the government.

“We have a $900 billion stimulus package that will fuel the immediate economy while the country expands its vaccination rollout to reach millions of people,” Gould said. “As more people receive the vaccine, I think you will see a return to normalcy.”

Annual expenditures for renovation and

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Lowe’s says home improvement ‘self care’ projects will fuel 2021 sales

  • Lowe’s remains optimistic about home improvement sales as 2021 gets underway.
  • The home-improvement giant recently surveyed its customers and found that nearly half have been spending money on home improvement projects that would’ve been spent elsewhere in past years.
  • Lowe’s Executive Vice President of Merchandising Bill Boltz said do-it-yourself projects help shoppers “reclaim feelings of normalcy and establish a sense of calm.”
  • Visit Business Insider’s homepage for more stories.

In a bid to feel normal in a time that is anything but, consumers continue to plunk down cash on home improvement projects. And Lowe’s doesn’t see that trend changing anytime soon.

Lowe’s saw sales soar in 2020, as consumers sought to spruce up their living spaces during the coronavirus pandemic. A recent survey from the company, featuring insights from 2,005 shoppers across the US, found that 46{ac967ad544075fb2f6bcea1234f8d91da186cac15e616dc329e302b7c7326b8c} of respondents spent money on home improvement that would’ve been spent elsewhere during a normal year. For its part, Lowe’s expanded its  e-commerce functionality and rolled out curbside and pick-up options to accommodate the demand.

Insider spoke with Lowe’s Executive Vice President of Merchandising Bill Boltz, who said that consumers are increasingly relying on home improvement as a method of “self care.” 

“As

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