‘Home sales increased by 51% in October-December compared to the September quarter’

NEW DELHI: India residential real estate sector is witnessing a rapid recovery in sales from the impact of the pandemic. According to real estate consultancy JLL, residential sales increased 51% in the October-December quarter (Q4) of 2020 to 21,832 units from 14,415 units in the July-September quarter.
Delhi-NCR and Mumbai also saw strong sequential growth. While Mumbai accounted for 23% of overall sales, the Delhi-NCR markets reached 20%. In October-December, housing sales in Mumbai increased by 22% to 5,026 units from 4,135 units in the previous quarter.

Delhi-NCR also saw good demand as fourth-quarter sales increased 43% to 4,440 units from 3,112 units in the third quarter.
With sales of 3,323 units in the fourth quarter of 2020, Pune has seen strong sequential growth of 147% from Third quarter 2020. Housing sales in the fourth quarter in Pune are only 1.7% lower than in the fourth quarter of 2019.
Chennai (2,500) and Hyderabad (3,570) recorded strong sequential growth of 59% and 68%, respectively.