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Report: 4.5x annual growth in housing sales in eight cities in April-June

New Delhi | Through the April-June quarter this 12 months, housing gross sales in eight cities grew 4.5 instances year-on-year to 74,330 models. On the identical time, the demand for homes was 5 % increased than the earlier quarter of January-March. This info has been obtained from the information of property guide PropTiger. Within the April-June interval final 12 months, 15,968 homes have been offered and within the January-March quarter of 2022, the determine stood at 70,623 models.

PropTiger.com, owned by Australia’s REA Group, mentioned in its newest ‘Actual Perception Residential’ report that the annual progress in April-June, 2022 has been manifold as a result of second wave of the COVID-19 pandemic in the identical interval final 12 months. Housing demand was severely hit. In keeping with the information, housing gross sales in Ahmedabad elevated to 7,240 models within the April-June quarter of this 12 months from 1,280 models within the year-ago interval. Gross sales within the January-March quarter this 12 months stood at 5,550 models and the newest gross sales figures are 30 per cent increased.

Housing gross sales in Bengaluru throughout April-June stood at 8,350 models, up 9 per cent over the earlier quarter. Within the earlier quarter, 7,670 models have been offered. Whereas within the year-ago interval only one,590 models have been offered.
Housing gross sales in Chennai elevated to three,220 models in April-June, 2022 from 710 models in the identical interval final 12 months. Nonetheless, current gross sales have been down two per cent from 3,300 models in January-March 2022.

Gross sales within the Delhi-NCR market throughout April-June this 12 months elevated by 60 per cent to 4,520 models as towards 2,830 models within the year-ago interval. Gross sales within the earlier quarter have been 5,010 models. Gross sales of residential properties elevated to 7,910 models in April-June 2022 from 2,430 models within the year-ago interval. That is 21 per cent increased than the 6,560 models offered in January-March 2022.

In Kolkata, gross sales greater than doubled to three,220 models throughout April-June 2022 from 1,250 models in the identical interval final 12 months. This was 13 per cent increased than the two,860 models offered within the January-March quarter of 2022. Housing gross sales in Mumbai elevated manifold to 26,150 models throughout April-June 2022, from solely 3,380 models in the identical interval final 12 months. This was 12 per cent increased than the 23,360 models offered within the earlier quarter. Pune offered 13,720 models in April-June 2022 as towards 2,500 models offered within the year-ago interval. This was 16 per cent increased than the 16,310 models offered in January-March 2022.

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