City
Epaper

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

By IANS | Updated: October 23, 2019 21:20 IST

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.

Open in App

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.

( With inputs from IANS )

Tags: chennaiMMRHyderabad
Open in App

Related Stories

EntertainmentCollaborating Across Traditions Has Shaped My Musical Voice: Aditya Prakash

NationalHyderabad Fire: Massive Blaze Breaks Out At Uppal's Sofa Unit, No Casualties Reported

NationalChennai: Woman Falls from Moving Train at Tambaram Station; Rescued by Railway Employee (Watch Video)

EntertainmentSivakarthikeyan Car Accident: Tamil Actor Met With Minor Mishap Near Madhya Kailash in Chennai

NationalChennai Fire: Blaze Engulfs BSNL Office on Anna Salai, Services Affected, No Injuries Reported

कारोबार Realted Stories

Business'No communication received': Vodafone Idea on Cabinet relief reports

BusinessDGFT's strategic policy overhaul and digital integration reshape India's trade landscape in 2025

BusinessIndia surpasses one billion broadband subscribers in November 2025: TRAI

BusinessAuto PLI scheme sees Rs 35,657 crore investment, incentives worth Rs 2,322 crore disbursed

BusinessIndia Post, SIDBI join hands to verify informal micro enterprises on Udyam assist platform