Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock.
During the July-September period, housing sales in seven major cities have reached a record high of 1,20,280 units, showing a 36% growth year-on-year, according to Anarock. This surge is attributed to the robust demand and stable mortgage rates. In contrast, only 88,230 units were sold in these cities during the same period last year.
Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock.
Housing sales stood at 88,230 units in the year-ago period across the seven major cities.
Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent.
Anarock highlighted that quarterly sales in July-September touched an all-time high.
In housing data, sales of apartments, villas and independent floors are included while plots are excluded.
Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales.
Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent monetary policies.
"This has kept home loan interest rates stable, keeping housing purchase sentiment high," he added.
According to the data, housing sales in Delhi-NCR rose 6 per cent to 15,865 units during July-September 2023 from 14,970 units in the year-ago period.
In MMR, housing sales increased 46 per cent to 38,500 units from 26,400 units during the period under review.
Housing sales rose 36 per cent year-on-year to a record 1,20,280 units across seven major cities during the July-September period on robust demand amid stable mortgage rate, according to Anarock.
Housing sales stood at 88,230 units in the year-ago period across the seven major cities.
Releasing the data, real estate consultant Anarock said average housing prices across the seven cities grew 11 per cent annually in the July-September period this year. Hyderabad saw the highest rise of 18 per cent.
Anarock highlighted that quarterly sales in July-September touched an all-time high.
In housing data, sales of apartments, villas and independent floors are included while plots are excluded.
Anarock Chairman Anuj Puri highlighted that Mumbai Metropolitan Region (MMR) and Pune contributed 51 per cent of the total sales.
Puri noted that the continued healthy sales momentum is at least partially attributable to the repo rate pause maintained by the Reserve Bank of India in the two recent monetary policies.
"This has kept home loan interest rates stable, keeping housing purchase sentiment high," he added.
According to the data, housing sales in Delhi-NCR rose 6 per cent to 15,865 units during July-September 2023 from 14,970 units in the year-ago period.
In MMR, housing sales increased 46 per cent to 38,500 units from 26,400 units during the period under review.