Residential Real Estate Sales In Top 7 Cities Grew 71% YoY

Housing sales across top seven cities rose 71 per cent year-on-year in 2021 to 2,36,530 units, but demand fell short of pre-Covid levels by 10 per cent, according to Anarock. Housing sales stood at 1,38,350 units in 2020 and 2,61,358 units in the 2019 calendar year. The fourth quarter contributed nearly 39 per cent to overall sales during the last year, on festive demand and other positive factors. According to the Anarock annual data, housing sales in Mumbai Metropolitan Region (MMR) rose 72 per cent to 76,400 units in 2021 from 44,320 units in the previous year. Sales in Hyderabad jumped nearly three-folds to 25,410 units last year from 8,560 units during 2020. Delhi-NCR witnessed 73 per cent rise in sales to 40,050 units in 2021 from 23,210 units in 2020. Housing sales in Pune increased by 53 per cent to 35,980 units in 2021 from 23,460 units in 2020. Bengaluru saw 33 per cent increase in sales to 33,080 units in 2021 from 24,910 units in the previous year. Housing sales in Chennai were up 86 per cent to 12,530 units in 2021 from 6,740 units in 2020. In Kolkata, sales increased to 13,080 units in 2021 from 7,150 units in 2020. On supply side, report said that new launches increased 85 per cent to 2,36,700 units across these seven cities in 2021 as against 1,28,000 units in the previous year. The new launches have reached pre-pandemic 2019 levels. In 2019, new launches stood at 2,36,570 units. In the MMR market, new launches rose 88 per cent to 56,880 units in 2021 from 30,290 units in the previous year. New launches in Hyderabad jumped over two-folds to 51,470 units in 2021 from 21,110 units in the previous year. Bengaluru witnessed 43 per cent rise in new home launches to 30,650 units in 2021 from 21,420 units in the previous year. The new launches in Kolkata jumped nearly four times to 13,750 units in 2021 from 3,530 units in the previous year. Chennai saw a 35 per cent increase in new launches to 12,370 units in 2021 as against 9,170 units in the previous year.