The year 2024 has witnessed good growth in the residential market.
Home sales in eight big cities of the country increased by 5 percent year-on-year to 87,108 units during the July-September quarter. Real estate consultant Knight Frank India has given this information in its latest report on Thursday. Data provided by Anarock and PropEquity in their reports for the third quarter of the 2024 calendar year showed a modest growth in home sales, in contrast to the decline in overall sales during July-September in major cities, PTI reported. Was done.
Highest quarterly sales of the year
According to the news, it has been said in the report that the residential market has witnessed good growth in the year 2024. The quarter recorded the highest quarterly sales this year. Knight Frank India CMD Shishir Baijal said the rise in home sales was driven by demand for premium housing costing more than Rs 1 crore. Baijal said there is concern in the affordable housing segment. He said sales in this category have declined due to challenges in availability and home affordability.
best selling in mumbai
According to the report, home sales have increased in all major cities except Delhi-NCR, where sales have declined by 7 percent year-on-year. The highest sales were recorded in Mumbai at 24,222 units, a new high for the market. Sales in Mumbai increased by 9 percent year-on-year. Among big cities, the biggest jump in sales was seen in Bengaluru, which was up 11 per cent year-on-year with 14,604 units. Similarly, housing sales in Pune rose 1 per cent to 13,200 units, while demand in Hyderabad rose 9 per cent to 9,114 units.
7 percent decline in Delhi-NCR
Ahmedabad saw an 11 percent growth in sales, to 4,578 units, while Kolkata saw a 14 percent growth in sales, to 4,309 units. Home sales in Chennai increased by 6 percent to 4,105 units. However, sales of residential properties in Delhi-NCR declined 7 per cent to 12,976 units during July-September compared to the same period a year ago.
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