‘Home sales up 51% in October-December from September quarter’

NEW DELHI: India’s residential real estate sector is witnessing a fast-paced recovery in sales from the pandemic’s impact. According to real estate consultancy firm JLL, residential sales surged 51% in the October-December quarter (Q4) of 2020 to 21,832 units from 14,415 units in the July-September quarter.
Delhi-NCR and Mumbai also witnessed strong sequential growth. While Mumbai accounted for 23% of the overall sales, Delhi-NCR markets cornered 20%. In October-December, Mumbai’s housing sales grew 22% to 5,026 units from 4,135 units in the previous quarter.

Delhi-NCR also saw good demand as sales in Q4 increased by 43% to 4,440 units from 3,112 units in Q3.
With sales of 3,323 units in Q4 of 2020, Pune witnessed a strong sequential growth of 147% from Q3 2020. The housing sales in Q4 in Pune are only 1.7% lower than the fourth quarter of 2019.
Chennai (2,500) and Hyderabad (3,570) witnessed strong sequential growth of 59% and 68%, respectively.

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