Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
Housing sales across India's top nine cities increased 19% year-on-year during the April-June quarter, reflecting continued demand despite global economic and geopolitical uncertainties. According to PropEquity, residential sales reached 1,12,458 units, while new housing supply grew 43% to 1,17,609 units. Southern markets, particularly Bengaluru, Chennai and Hyderabad, led the growth momentum, while Mumbai and Navi Mumbai also recorded strong demand. However, Delhi-NCR and Kolkata witnessed a decline in sales. Industry experts said strong domestic demand, infrastructure development and favourable economic conditions continue to support the residential real estate market.
Housing sales across the top nine Indian cities rose 19% year-on-year to 1,12,458 units during the April-June quarter, according to data released by PropEquity. Sales stood at 94,864 units in the corresponding period last year across Mumbai, Navi Mumbai, Thane, Delhi-NCR, Bengaluru, Hyderabad, Chennai, Pune and Kolkata.
The report also showed a strong increase in fresh supply, with new residential launches rising 43% annually to 1,17,609 units during the quarter.
PropEquity Founder and CEO Samir Jasuja said the Indian housing market has remained resilient despite geopolitical tensions in the Middle East. He noted that southern markets continued to drive growth, while Mumbai and Navi Mumbai also recorded healthy demand. Although activity was relatively softer in some regions, including Delhi-NCR and Thane, overall market sentiment remained positive.
Among the major cities, Bengaluru recorded the highest growth in housing sales, with transactions rising to 21,516 units from 14,676 units a year ago. Chennai also posted growth, with sales increasing to 6,323 units from 5,354 units.
Hyderabad witnessed housing sales rise to 14,410 units from 11,815 units in the year-ago period. Mumbai registered sales of 10,561 units compared to 8,006 units last year, while Navi Mumbai saw a sharp increase to 11,029 units from 6,833 units.
In Thane, housing sales grew to 16,386 units from 14,832 units, while Pune recorded sales of 18,737 units compared with 17,196 units in the corresponding period last year.
Delhi-NCR and Kolkata were the only two cities to witness a decline in residential sales. Delhi-NCR sales fell to 10,082 units from 11,703 units, while Kolkata recorded sales of 3,414 units against 4,449 units in the year-ago period.
Commenting on the trend, Property First Realty Founder and CEO Bhavesh Kothari said Bengaluru's growth was supported by ongoing infrastructure expansion and continued job creation. He added that demand remained strong from both end-users and investors across different price segments.
Robin Mangla, President of M3M India, said the rise in housing sales reflected sustained consumer confidence and highlighted the strength of the residential real estate sector.
Sanjeevini Group Chairman and Founder Umesh Gowda HA said India's housing market has demonstrated resilience despite geopolitical tensions in the Middle East. He added that strong economic fundamentals, continued policy support and healthy domestic demand have helped the sector remain largely insulated from external challenges.
Source PTI
Advertisement
Facebook
Whatsapp
