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Housing sales up 25% during Apr in top 7 cities: ANAROCK

Press Trust of India  |  New Delhi 

Housing sales increased by 25 per cent in the country's seven major cities in April to 1,726 units over the previous month, driven by the Delhi-market which saw a sharp rise in demand, according to

Total housing sales stood at 1,382 units in March at seven major cities -- the National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, and Pune, it said.

Barring and Kolkata, the housing sales increased in all the cities during last month.

"Buoyed by positive consumer sentiments and favourable policies, the Indian is coming back on track. 2018 started on a positive note with the first quarter recording a q-o-q (quarter-on-quarter) increase in housing sales, and the momentum seems to be increasing," said.

April alone saw 25 per cent increase in sales across the cities, he added.

said that the market stole the show even on the sales front with a whopping 153 per cent increase in April as against the preceding month. saw a 41 per cent rise in housing sales, while MMR witnessed a 29 per cent increase.

According to the data, housing sales in increased to 278 units in April from 196 units in the previous month. MMR saw sales of 516 units as against 399 units during the period under review.

In NCR, housing sales jumped over two fold to 243 units from 96 units. Sales in increased to 219 units from 113 units, while demand in rose to 234 units from 141 units.

However, sales dropped in to 155 units from 182 units and also in to 83 units from 255 units.

On new supply, ANAROCK said that it increased by 6 per cent during April at 15,155 units from 14,278 units in March.

The new housing supply infusion was highest in NCR, followed closely by Hyderabad, and the MMR. saw a whopping 59 per cent increase in its new housing stock in April as against the previous month.

Of the total new supply in April, nearly 43 per cent was in the affordable housing category (less than Rs 40 lakh), followed by 33 per cent in the mid segment (Rs 40-80 lakh), 11 per cent priced in the range of Rs 80 lakh Rs 1.5 crore and the remaining 13 per cent in the segment priced above Rs 1.5 crore.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, May 14 2018. 15:40 IST
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