Around 2 lakh housing units sold in Jan-Sep: Report

New Delhi, Oct 23 (SocialNews.XYZ) Around 2 lakh housing units were sold across the seven major cities in the country during the January-September period 2019, registering a 13 per cent year-on-year (YoY) rise in sales, according to an Anarock report.

Last year, during the same period, around 1.78 lakh units were sold, the report said.

The total value of the houses sold till September was around Rs 1.54 lakh crore, compared to Rs 1.33 lakh crore valuation during the corresponding period of 2018.

"Despite depressed consumption sentiment, the top seven cities saw homes worth approximately Rs 1.54 lakh crore were sold in the first three quarters of 2019, rising yearly by 16 per cent. The overall value of units sold in the corresponding period of 2018 was approximately Rs 1.33 lakh crore," the report by Anarock Property Consultants said.

The report also said that in value terms, the Mumbai Metropolitan Region (MMR) topped the list with housing sales worth Rs 62,970 crore in 2019, followed by Bengaluru with sales worth Rs 28,160 crore.

While MMR saw a yearly gain of 33 per cent in the overall housing sales value of over Rs 47,240 crore in 2018, Bengaluru saw a dip of seven per cent. Last year, the IT capital saw total housing sales worth Rs 30,310 crore during the same period.

The National Capital Region (NCR) saw a 13 per cent yearly decline in the overall housing sales value from Rs 7,775 crore in Q3 2018 to Rs 6,745 crore in Q3 2019.

Hyderabad and Chennai saw home sales worth Rs 9,400 crore and Rs 5,580 crore, respectively, in 2019.

In a year, Hyderabad housing sales declined by 2 per cent while in Chennai it rose by 13 per cent.

Among the top seven cities, Chennai saw the least overall sales value in 2019, marginally below Kolkata, where homes worth Rs 5,850 crore were sold.

Source: IANS