New Delhi: Sales of homes in the top seven cities of the country increased by 71 percent to 2,36,530 units in the year 2021 as compared to the previous year. However, the demand for homes is still 10 percent less than the pre-Covid level. This has been said in a report by property consultant company Anarock. According to this, 1,38,350 residential units were sold in the year 2020 and a total of 2,61,358 units were sold in 2019.
What was the reason behind the boom in home sales?
Mumbai-based company Anarock reported that the increase in home sales is due to lower interest rates on home loans, strong demand, increase in homeownership aspirations, and discounts offered by builders along with a reduction in stamp duty by some states including Maharashtra. has been.
76,400 units sold in Mumbai
According to Anarock’s annual data, residential sales in the Mumbai Metropolitan Region grew by 72 percent to 76,400 units in 2021 from 44,320 units in the previous year. Home sales in Hyderabad increased three times to 25,410 units last year. In 2020 this figure was 8,560. In Delhi-NCR, 40,050 units were sold in 2021 with a growth of 73 percent, in 2020 this figure was 23,210 units.
53% jump in sales of houses in Pune in 2021
Pune sold 35,980 units in 2021 with a growth of 53 percent. In 2020, this figure was 23,460 units. In Bengaluru, 33,080 houses were sold in 2021 with a growth of 33 percent. In 2020, 24,910 houses were sold. Chennai sold 12,530 units in 2021 with an increase of 86 percent. In 2020, this figure was 6,740 units. In Kolkata, 13,080 units were sold in 2021. In the year 2020, this figure was 7,150.
Sales may reach a pre-covid level in 2022
Anarock Chairman Anuj Puri said that if the coronavirus epidemic remains under control, then based on the performance of 2021, it can be said that the growth in 2022 will be satisfactory. Puri expressed hope that sales will reach the pre-Covid level in 2022. He said property prices could rise by 5-8 percent due to cost pressures and supply chain issues.
