Housing sales up 12% in Q1 2019, says report


New Delhi, April 5 (IANS): Deviating from a usual trend of tepid realty sales ahead of general elections, home sales in the first quarter (Q1) of 2019 rose by 12 per cent across seven metro cities in the country compared to the previous quarter, an Anarock report said on Friday.

Around 78,520 units were sold during the January-March period, said the report. Overall supplies also increased during the period across the cities.

"The top cities recorded new launches of around 70,490 units in Q1, 2019 (as opposed to 55,600 units in Q4, 2018), a quarterly increase of 27 per cent," it said, adding that the rise in sale and launches "defies conventional election period trends".

Affordable housing accounted for 44 per cent of the total new supply.

Overall unsold inventory across the top cities, however, saw a meagre 1 per cent decline in Q1, 2019 over the previous quarter. Unsold housing stock stands at 6.65 lakh units as of Q1, 2019.

Pune and Mumbai Metropolitan Region (MMR) were the top performers with new housing supply, increasing by 160 per cent and 62 per cent, respectively. Housing sales in the two leading western region cities saw the maximum increase in the quarter by 24 per cent and 19 per cent, respectively, said the report.

The other cities where the survey was done were the National Capital Region (NCR), Bengaluru, Hyderabad, Chennai and Kolkata.

  

Top Stories


Leave a Comment

Title: Housing sales up 12% in Q1 2019, says report



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.