Home sales jump 29% due to better demand in Mumbai, Pune, Hyderabad

Despite spiraling new launches in this and the previous quarter, unsold inventory in the top 7 cities declined marginally

Backed by superior sales in worst Covid-hit cities like Mumbai and Pune, but apart from Hyderabad, the residential real estate market recorded an impressive 29 per cent year-on-year growth in the January-March quarter. While new launches jumped 51 per cent to over 62,000 units during the quarter, as markets like Hyderabad, Pune, Kolkata and Mumbai grew by over 40 per cent, data from property consultant Anarock shows.
 

According to data, recent measures adopted by the authorities in Maharashtra like stamp duty cuts boosted home sales in the state, while, reductions in home loan rates by most banks to 6.70 per