Bumper home buying in 7 cities! 'Record breaking' houses sold in Mumbai, residential sales figure sees 47% jump - Check this report

The trend of buying home has increased in big cities. Speaking about this trend and the response the realty sector is getting, Mansi Dave, News Anchor and Senior Producer at Zee Business, said that between January to September, 2021 the house buying figure has been very strong.

She said that 47 per cent increase has been seen in residential sales during January to September on year-on-year (YoY) basis, as per a report by property consultant JLL India. 

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Mansi said that the impact of second wave of Covid-19 pandemic was not much seen in the first three quarters of 2021, which is a positive sign. While on month-on-month basis 65 percent increase has been observed in residential sales, she added.

In September 2021, more than 32,300 residential units have been sold and sales volume have been seen rising more than 18 percent from the pre-covid level, Mansi said.

रियल्टी में कोरोना का असर खत्म !
7 शहरों में घरों की बंपर खरीदारी
मुंबई में 'रिकॉर्ड तोड़' घर बिके
प्रॉपर्टी कंसल्टेंट JLL की रिपोर्ट

जानिए मानसी से पूरी रिपोर्ट...@davemansi145 | @deepdbhandari | #realestate pic.twitter.com/12mIX51wzm

— Zee Business (@ZeeBusiness) October 5, 2021

Speaking on city wise sales trends, she said in last 5 quarters Mumbai has seen the greatest number of residential sales. In the first 6 months of 2021, Mumbai has contributed 26 percent in the sales while Delhi, NCR, Pune and Hyderabad have shown sales of 45 percent.

Talking about the new launches, she said, Hyderabad stood first in new launches and has contributed 28 percent in it.

There are several reasons behind the increase in property sales, she added. Explaining the main reasons behind the rise in sales she said first cases of coronavirus is reducing, vaccination drive is speeding up, developers are in favour of new launches only after the sale of older constructions and they are also focusing on on-time delivery.

She said these are the main reasons which are making the sector promising and reduction in stamp duty rules has also increased the confidence of people in buying homes.