Housing Sale May Be Increased 14 Percent During January To March In 2023 Says Anarock Report

Housing Sale News: Demand has increased even after the increase in housing prices in the country. Housing sales in the top-7 cities are expected to increase by 14 per cent to over 1.13 lakh units during January to March. It has been said in the report of Anarock that after the increase of 6 to 9 percent in housing, it is estimated to increase.

Real estate consultant Anarock monitors the housing market. Anarock said that despite the increase in home loan interest rates, Indian real estate continues to witness a boom in housing sales, which is also the highest quarterly sales in the last decade.

According to the data given by Anarock, sales of 1,13,770 units are estimated during January to March. Whereas last year during this time it was 99,550 units. In such a situation, an increase of 14 percent is expected this year. Mumbai and Pune have contributed 48 percent during this total sale. While Delhi-NCR is the only city where sales are showing a decline.

High demand for expensive homes

Anarock Chairman Anuj Puri said that the process of increase in housing sales has been going on since 2023 and had crossed the high level of 2022 during the first quarter itself. He said that the demand for high priced homes i.e. homes above Rs 1.5 crore has been the highest in this quarter.

Sales in housing may be affected

Increase in inflation rate and bank rates can reduce the demand for housing sale. Puri said that the rising rates from the RBI could affect the housing market. Housing sales in the Mumbai Metropolitan Region are expected to increase by 19 per cent to 34,690 units in January-March.

Where and how many units are likely to be sold

Housing sales in Pune have increased by 42 per cent to 19,920 units from 14,020 units. Housing sales in Delhi NCR declined by 9 per cent to 18,835 units and stood at 17,160 units. Sales of residential properties in Bangalore are estimated to increase by 16 per cent to 15,660 units. On the other hand, 5,880 units are expected to be sold in Chennai and 6,180 units are expected to be sold in Kolkata.

read this also

Stock Market Opening: Slight rise in stock market, Sensex rises above 57500, Nifty opens near 17000

Simone Ashley and Jonathan Bailey Want to Return

Simone Ashley and Jonathan Bailey aren’t ready to bid Bridgerton adieu just yet! During a press meeting at the Monte-Carlo ...

Who Is John Cleese’s Wife? All About Jennifer Wade

John Cleese and his wife, Jennifer Wade, married over a decade ago, and their love has been strong ever since ...

‘Little House on the Prairie’ Cast Felt ‘Very Protected’ on Set as Child Actors

The cast of Little House on the Prairie is looking back on their time together as child actors. Ahead of ...

Hunter Fieri and Fiancée Tara Bernstein Mark 1 Year Until Their Wedding

Hunter Fieri and his fiancée Tara Bernstein are counting down the days until their wedding! The couple, who got engaged ...

Jennifer Lopez feels she can do ‘no more’ to save Ben Affleck marriage: report

Jennifer Lopez is ready to throw in the towel. The “On the Floor” singer, 54, reportedly feels she’s done all ...

Donald Trump’s Fixation with Former The Apprentice Contestant (Exclusive)

Donald Trump's treatment of women has been widely reported on over the years, and among those included his apparent fixation ...

Who Is Patton Oswalt’s Wife? All About Meredith Salenger

Patton Oswalt may be known for his comedy, but when it comes to his wife, Meredith Salenger, he shows some ...

IND vs CAN India Canada match washed out due to rain Match cancelled without toss Match cancelled due to wet outfield

India vs Canada match abandoned without a ball being bowled: Another match of the 2024 T20 World Cup has been ...

Nia Long on ‘Huge Responsibility’ of Playing Katherine Jackson (Exclusive)

Nia Long is sharing some insight on her experience portraying Katherine Jackson — a woman whom she says "carried the ...

Former NBA Star Darius Morris’ Cause of Death Revealed

Darius Morris' cause of death has been revealed. The former Los Angeles Lakers point guard was found dead on May ...

Leave a Comment