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Housing sales in India's seven major cities rose 3 per cent annually to over 1 lakh units during July-September on better demand in Mumbai Metropolitan Region, Bengaluru and Hyderabad, according to Anarock. In value terms, Anarock said that the total sales rose by 2 per cent to Rs 1.55 lakh crore during July-September from Rs 1.52 lakh crore in the corresponding period of the preceding year. Last week, real estate data analytics firm PropEquity pointed out that the total sales fell 6 per cent to 1.03 lakh units during the September quarter. On Monday, real estate consultant Anarock released its data for the primary housing market for the July-September quarter, stating that the average residential property price across the top seven cities collectively witnessed annual growth of 7 per cent. Sales of residential properties stood at 1,00,220 units during July-September this year, up from 97,080 in the year-ago period. Sales rose in Mumbai Metropolitan Region (MMR), Bengaluru and ...
Housing sales fell 6 per cent to 1.03 lakh units in the July-September quarter across nine major cities, mainly due to subdued demand and lower fresh supply of homes, according to PropEquity. Global economic uncertainties also contributed to muted buying sentiments. Real estate data analytics firm PropEquity tracks primary residential markets in nine major cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. Housing sales in these nine cities fell to 1,03,170 units in July-September from 1,09,420 units in the year-ago period, according to data. New supply fell to 98,165 units from 1,00,330 units during the period under review. Housing sales generally are slow during the July-September quarter because of monsoon rains, discouraging real estate developers from launching projects. Sales improve in the December quarter on account of festive demand. To cash in on this demand, developers increase fresh supply and also offer many incentives t
Housing sales fell 6 per cent in April-June to 90,715 units across seven major cities on subdued demand amid economic uncertainties and also rising home prices, according to Anarock data released on Monday. As many as 96,285 units were sold in the year-ago period across the top seven cities -- Mumbai Metropolitan Region (MMR), Delhi-NCR, Pune, Bengaluru, Hyderabad, Chennai and Kolkata. These seven cities saw an average price appreciation of 7 per cent during the current quarter as against the same period of 2025. Interestingly, real estate consultant Anarock's sales data for April-June quarter is in complete contrast to a latest report by listed entity PropEquity, which mentioned a 19 per cent growth in sales of residential properties at 1,12,458 units in the current quarter. Commenting on its data, Anarock Chairman Anuj Puri said, "These readings are along expected lines, as the Middle East war's impacts on the entire sector were all too obvious." He pointed out that the "Middle
Housing sales rose 19 per cent to 1,12,458 units during April-June across the top nine cities despite global economic uncertainties, according to PropEquity. Sales stood at 94,864 units in the year-ago period across the nine cities -- Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata. New supply of residential properties rose 43 per cent annually to 1,17,609 units during the April-June period. PropEquity founder and CEO Samir Jasuja said, "The Indian housing market has remained resilient despite the geopolitical uncertainties in the Middle East. Southern markets continue to lead growth, while Mumbai and Navi Mumbai have also seen strong demand. Although some regions such as Thane and Delhi-NCR have witnessed relatively softer activity, overall market sentiment remains positive". According to the data, the housing sales in Bengaluru rose to 21,516 units in April-June from 14,676 units in the year-ago period. In Chennai, sales increased to 6,323
Housing sales fell 4 per cent annually in the January-March quarter to 84,827 units across eight major cities, driven by high property prices and market uncertainty stemming from the West Asia conflict, according to Knight Frank. Housing Sales stood at 88,361 units in the January-March period last year. Sales of residential properties declined in Mumbai, Delhi-NCR and Pune, but increased in the other five cities -- Bengaluru, Hyderabad, Chennai, Ahmedabad and Kolkata. According to Shishir Baijal, International Partner, Chairman & Managing Director, Knight Frank India, the moderation in residential demand warrants closer attention, particularly as it follows a sustained multi-year upcycle. "While this phase can be partly attributed to a natural consolidation after strong growth, the continued rise in prices alongside softening volumes indicates growing pressure on affordability and absorption," he said. At the same time, Baijal said the volatile geopolitical situation has also ...
Housing sales in Delhi-NCR declined 17 per cent quarter-on-quarter to nearly 16,000 units in the January-March period amid negative sentiments due to the West Asia conflict, according to Anarock. However, the demand rose 44 per cent on an annual basis following the low base effect. Real estate consultant Anarock data showed that housing sales in Delhi-NCR stood at 15,985 units during the current January-March period, down 17 per cent from 19,250 units in the previous quarter. Sales in Delhi-NCR increased 44 per cent from 11,120 units in the January-March period of the last year. Anarock Chairman Anuj Puri noted that the long-term fundamentals of India's residential segment remain strong, but the "short-term tremors of the Iran War were clearly visible in the first quarter". He pointed out that the war-induced uncertainty has affected buying sentiments, particularly in March, resulting in a 7 per cent decline in sales across seven major cities during the January-March period of thi