ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • National Highway construction slows to 20.43 km per day in first 4 months of current fiscal
  • Independence Day Special: How investment habits, preferences of people have changed over the past 75 years
  • BMW M4 Competition Coupé 50 Jahre M Edition: Price and features | Photos
  • Financial Independence for Women: top investment tips for the other half to make them independent moneywise
Read in App
Business News » Property News

Housing sales see 4.5-fold annual growth in April-June across 8 cities; demand up 5 pc from January-March quarter

Housing sales jumped over 4.5 times year-on-year in April-June across eight cities at 74,330 units on lower base effect, while demand was up 5 per cent from the previous quarter, according to PropTiger data.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Housing sales see 4.5-fold annual growth in April-June across 8 cities; demand up 5 pc from January-March quarter
Housing sales stood at 15,968 units in the April-June period last year and 70,623 units in the January-March quarter of 2022. Pic: Reuters

Housing sales jumped over 4.5 times year-on-year in April-June across eight cities at 74,330 units on lower base effect, while demand was up 5 per cent from the previous quarter, according to PropTiger data.

Housing sales stood at 15,968 units in the April-June period last year and 70,623 units in the January-March quarter of 2022.

In its latest 'Real Insight Residential' report, Australia's REA group-owned PropTiger.Com, said the YoY (year-on-year) growth in April-June 2022 is multi-fold due the low base as demand in April-June 2021 was severely impacted owing to the second wave of the COVID pandemic.

On the sequential rise in sales, Vikas Wadhawan, Group CFO of REA India, said: "Even though the RBI increased the repo rate twice during the quarter, home loans remained largely affordable."

See Zee Business Live TV Streaming Below:

The biggest booster to housing demand has been the increased importance of owning a property, he said.

This, he said, has been further backed by the consumer confidence in the overall economic scenario and impending income stability.

As per the data, housing sales in Ahmedabad rose sharply to 7,240 units in April-June 2022, from 1,280 units in the year-ago period. Sales were up 30 per cent from 5,550 units in the January-March quarter this year.

Bengaluru saw sales of 8,350 units in April-June, as against 1,590 units in the year-ago period. Sales were up 9 per cent from 7,670 units in the previous quarter.

Housing sales in Chennai jumped to 3,220 units in April-June 2022, from 710 units in the corresponding period of the previous year. However, sales were down 2 per cent from 3,300 units in the January-March 2022.

Delhi NCR market saw 60 per cent increase in sales to 4,520 units during April-June 2022, from 2,830 units in the year-ago period. But, sales fell per cent from 5,010 units in the previous quarter.

The sales of residential properties jumped to 7,910 units in April-June 2022, from 2,430 units in the year-ago period. The demand was up 21 per cent compared to 6,560 units sold in January-March 2022.

In Kolkata, sales more than doubled to 3,220 units during April-June 2022, from 1,250 units in the corresponding period of the previous year. Sales were up 13 per cent from 2,860 units in the January-March quarter of 2022 calendar year.

Housing sales in Mumbai jumped multi-fold to 26,150 units during April-June 2022, from only 3,380 units in the same period last year. Sales were higher by 12 per cent from 23,360 units in the previous quarter.

Pune saw sales of 13,720 units in April-June 2022, as against 2,500 units in the year-ago period. Sales were up 16 per cent from 16,310 units in the January-March 2022.

REA India is a part of REA Group Ltd of Australia. It is one of the leading full stack real estate technology firms in India and owns three realty portals Housing.Com, Makaan.Com and PropTiger.Com.

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
housing salesHomeReal Estate
Reported By: PTI
Updated: Wed, Jun 29, 2022
01:02 pm
New Delhi, PTI
RELATED NEWS
Highest sales since 2015 - Housing sales up 71% in 7 major cities in Jan-Mar Highest sales since 2015 - Housing sales up 71% in 7 major cities in Jan-Mar
Housing sales across 8 cities likely to rise 15-20% in 2021 on demand revival Housing sales across 8 cities likely to rise 15-20% in 2021 on demand revival
Housing sales in NCR down 22 pc in Jan-Aug; sales up 17 pc in 7 cities: PropEquity Housing sales in NCR down 22 pc in Jan-Aug; sales up 17 pc in 7 cities: PropEquity
Housing sales breach pre-COVID level; sales up 92 pc in July-Sep across 8 top cities: Knight Frank Housing sales breach pre-COVID level; sales up 92 pc in July-Sep across 8 top cities: Knight Frank
Housing sales jump more than two-fold to 32,358 units in 7 cities in Q3 CY2021: JLL Housing sales jump more than two-fold to 32,358 units in 7 cities in Q3 CY2021: JLL

LATEST NEWS

2022 Mahindra Scorpio Classic SUV unveiled: Check features, specifications and more

Independence Day Special: How investment habits, preferences of people have changed over the past 75 years

Tata Steel share price gains 12.5% since split – Brokerage recommends Overweight rating - Check price target

National Flag Code 2022: Har Ghar Tiranga campaign - Know the rules and right way to hoist Tricolour

Instagram users ALERT! Are you being tracked by Meta-owned platform?

Syrma SGS Technology IPO subscription opens today: Check price band, allotment and listing date

Never Have I Ever season 3 released in India on this OTT platform

Apollo Hospitals quarterly results impact on share price: Stock falls 3% – what should investors know?

LIC Quarterly Results: Announced! Check Q1 profit of Life Insurance Corporation

Vivo V25 Pro India launch date is August 17 - expected price, specifications, availability and more

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV