New Delhi: Despite rising interest rates on home loans and rising property prices, housing demand remains strong across all price categories and housing sales across seven major cities of the country may hit an all-time high of 3.6 lakh units this year. Is. Property consultant Anarock gave this information. Prior to this, the highest number of 3,42,980 houses were sold in 2014 in seven major cities of the country i.e. Delhi-NCR, Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad, and Pune. According to data from Anarock, the number of residential units sold between January and September during the current calendar year reached 2,72,710, surpassing the pre-Covid year 2019 sales figure, when 2,61,360 units were sold. Had happened.
Estimating the sales figure to touch 3.6 lakh units this year, the property consultant said the demand for housing has remained strong during the festive season even as the interest rate on home loans has gone up from 6.5 percent to around 8.5 percent. Anuj Puri, Chairman, of Anarock Group said, “The year 2022 will mark the history of the housing market in India, breaking all the earlier records and maintaining a strong sales momentum during the festive season.” “The feeling of having your own home during Covid has persisted despite hikes in interest rates, rise in property prices, and absence of festive discounts or special offers,” he said.
Housing prices have gone up by at least ten percent. HDFC Capital Managing Director Vipul Rungta recently said that the demand for housing in India will remain strong in the coming years as well.
