Real Estate

Housing sales up 16% at Rs 1.54 lakh cr during January-September across seven cities: Anarock

PTI New Delhi | Updated on October 23, 2019 Published on October 23, 2019

The Mumbai Metropolitan Region (MMR) topped the list with housing sales worth Rs 62,970 crore.   -  Bloomberg

Housing sales rose by 16 per cent in value terms during January-September period of this year to Rs 1.54 lakh crore across seven major cities, according to property consultant Anarock.

Sales increased to nearly 2.02 lakh units during the period under review from 1.78 lakh units last year, it added. “Despite depressed consumption sentiment, the top seven cities saw homes worth about Rs 1.54 lakh crore sold in the first three quarters of 2019, rising yearly by 16 per cent,” Anarock Property Consultants Chairman Anuj Puri said.

“The overall value of units sold in the corresponding period of 2018 was approx Rs 1.33 lakh crore,” he added. In value terms, the Mumbai Metropolitan Region (MMR) topped the list with housing sales worth Rs 62,970 crore, up 33 per cent from Rs 47,240 crore in the corresponding period of 2018.

Bengaluru saw a 7 per cent dip in housing sales at Rs 28,160 crore from Rs 30,310 crore during the same period last year. However, Pune witnessed a 32 per cent jump in overall housing sales to Rs 17,530 crore from Rs 13,275 crore during January-September 2018.

Housing sales in NCR were valued at Rs 24,860 crore till September this year as against Rs 21,600 crore in the three quarters of 2018. “This is significant considering NCR has been one of the worst hit residential markets in recent times,” Puri said.

Hyderabad and Chennai saw homes worth Rs 9,400 crore and Rs 5,580 crore, respectively, being sold. Housing sales declined by 2 per cent in Hyderabad, while it rose 13 per cent in Chennai. In Kolkata, homes worth Rs 5,850 crore were sold.

Published on October 23, 2019

A letter from the Editor

Dear Readers,

The coronavirus crisis has changed the world completely in the last few months. All of us have been locked into our homes, economic activity has come to a near standstill. Everyone has been impacted.

Including your favourite business and financial newspaper. Our printing and distribution chains have been severely disrupted across the country, leaving readers without access to newspapers. Newspaper delivery agents have also been unable to service their customers because of multiple restrictions.

In these difficult times, we, at BusinessLine have been working continuously every day so that you are informed about all the developments – whether on the pandemic, on policy responses, or the impact on the world of business and finance. Our team has been working round the clock to keep track of developments so that you – the reader – gets accurate information and actionable insights so that you can protect your jobs, businesses, finances and investments.

We are trying our best to ensure the newspaper reaches your hands every day. We have also ensured that even if your paper is not delivered, you can access BusinessLine in the e-paper format – just as it appears in print. Our website and apps too, are updated every minute, so that you can access the information you want anywhere, anytime.

But all this comes at a heavy cost. As you are aware, the lockdowns have wiped out almost all our entire revenue stream. Sustaining our quality journalism has become extremely challenging. That we have managed so far is thanks to your support. I thank all our subscribers – print and digital – for your support.

I appeal to all or readers to help us navigate these challenging times and help sustain one of the truly independent and credible voices in the world of Indian journalism. Doing so is easy. You can help us enormously simply by subscribing to our digital or e-paper editions. We offer several affordable subscription plans for our website, which includes Portfolio, our investment advisory section that offers rich investment advice from our highly qualified, in-house Research Bureau, the only such team in the Indian newspaper industry.

A little help from you can make a huge difference to the cause of quality journalism!


Support Quality Journalism
This article is closed for comments.
Please Email the Editor
You have read 1 out of 3 free articles for this week. For full access, please subscribe and get unlimited access to all sections.