Due to the new wave of Corona, there was a huge decline in housing sales between the first quarter (April-June) of the current financial year. It declined by 23 per cent on a quarterly basis. However, there was a jump of 47 per cent in Bengaluru.
Home sales up 47 percent in Bangalore.
In the April-June quarter of the current calendar year, home sales across seven major cities of the country declined by 23 per cent on a quarter-on-quarter basis. Due to the second wave of the COVID-19 epidemic, the sale of houses has decreased. However, home sales grew 83 per cent during the quarter on a year-on-year basis. This information has been given in the latest report of JLL India.
The report said that the sale of residential properties stood at 19,635 units in the April-June quarter. It stood at 25,583 units in the January-March quarter and 10,753 units in the April-June quarter last year. JLL India oversees the sale of residential properties in Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune. Mumbai comes under Mumbai city, Mumbai suburbs, Thane and Navi Mumbai.
Bengaluru also recorded a boom
Home sales in Bengaluru increased by 47 per cent to 3,500 units on a quarter-on-quarter basis from 2,382 units in the previous quarter. Home sales in Chennai declined by 81 per cent from 3,200 to 600 units. In Delhi-NCR too, home sales declined by 55 per cent to 2,440 units. In the January-March quarter, this figure stood at 5,448 units. Home sales in Hyderabad declined to 3,157 units from 3,709 units. The sales of residential units in Kolkata declined by 56 per cent to 578 units from 1,320 units.
Slight improvement in home sales in Mumbai
Home sales in Mumbai rose marginally to 5,821 units from 5,779 units. On the other hand, home sales in Pune declined by six per cent to 3,539 units from 3,745 units in the previous quarter. As per the data, during April-June, 2020 the sales of residential units were 1,977 units in Bengaluru, 460 units in Chennai, 2,250 units in Delhi-NCR, 1,207 units in Hyderabad, 481 units in Kolkata, 3,527 units in Mumbai and 851 units in Pune. was being
Buying a house will be expensive in the coming days
Here if you are thinking of buying a house, then this is the right time. Credai, the apex body of real estate developers, said that the increase in the prices of steel and cement may increase the price of the house in the coming times. Credai said, the cost of construction has increased by 10-20 per cent due to the cost of cement and steel. Due to this situation, housing prices are likely to rise in the medium to long term.
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