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Housing sales up 12% YoY in Jan-Sept across 8 cities: Report
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Housing sales across 8 cities have increased by 12 per cent to 1,38,051 units during the January-September period of the current calendar year from 1,23,725 units in the corresponding period of 2020, as per a recent report by PropTiger.com.
The report ‘Real Insight residential Q3 2021’ states that new launches have also more than doubled to 1,40,087 units during the January-September 2021 from 68,097 units in the year-ago period. Fresh supply has already crossed the annual figures for 2020 that saw total new launches at 1,22,426 units across eight cities.
“Driven by pent-up demand and festive sales as well as gradual recovery in the Indian economy, improved job market and low interest rates, housing sales are likely to rise by 15-20 per cent
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