NCR Sees 20% Rise in Housing Sales
The residential market in NCR cities seems to be recovering following the second Covid wave. Compared to the first half (H1) of 2020, the housing sales in H1 (2021) is up by 20%. As per the latest consumer survey report by real estate consultant, Anarock, the housing sales figure in H1-2021 stood at 12,300. The report also stated that budget properties, which are priced between Rs 45-90 lakh, are most preferred now as compared to affordable housing. According to the report, the affordable properties took a back seat as their share in sales reduced from 36% to 27% — a decline of 9 percentage points — after the second wave. Also, the share of budget properties (Rs 45L to 90L) remained at 35%. Prashant Thakur, head of research at Anarock, said, "In the top seven cities, maximum affordable housing demand came in from Pune, followed by Delhi-NCR and Kolkata. Further, around 25% of property seekers preferred to buy homes in the Rs 90 lakh-Rs 1.5 crore range. He said demand for luxury properties (> Rs 1.5 crore) also increased — from 11% in the last survey during the first Covid to 13% in the latest survey after the second wave."
Tags : News/Views Housing Sales NCR Rise