Housing sales in top seven cities increase 36 percent to record 1,20,280 units in July-September: Anarock – Dainik Savera Times

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New Delhi: Housing sales across seven major cities grew 36 per cent year-on-year to a record 1,20,280 units between July and September, driven by strong demand amid stable housing interest rates. Real estate consultancy company Anarock gave this information in a research report. In the same period a year ago, housing sales in seven major cities were 88,230 units. Releasing the figures, Anarock said that in the July-September period this year, housing sales in seven cities were 88,230 units. Average housing prices rose 11 percent year-on-year. The highest increase of 18 percent was seen in Hyderabad.

Anarock highlighted that quarterly sales in July-September reached an all-time high.Anarock Chairman Anuj Puri said Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales.Puri Said that the sales have remained good due to the Reserve Bank of India keeping the policy rate unchanged for the last two times. He said, “This has kept the housing interest rates stable, due to which the sentiment to buy houses remains high.” According to the data, housing sales in Delhi-NCR (National Capital Region) increased by six per cent to 15,865 units during July-September 2023, from 14,970 units in the year-ago period.

Housing sales in MMR increased by 46 per cent to 38,500 units during the period under review from 26,400 units. Housing sales in Bengaluru increased by 29 per cent to 16,395 units from 12,690 units in the same period last year. In Pune, sales increased by a maximum of 63 per cent to 22,885 units from 14,080 units. In Hyderabad, sales of residential properties increased by 41 per cent from 11,650 units. Increased to 16,375 units. In Chennai, it increased by 42 percent from 3,490 units to 4,940 units. Housing sales in Kolkata increased by seven per cent to 5,320 units during July-September this year, from 4,950 units in the year-ago period. Mohit Jain, managing director of Gurugram-based realty company Crisumi Corporation, said there has been strong demand for housing over the last few years, mainly driven by rising aspiration to buy a home due to rising income levels. This is expected to continue further.

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