Home sales up 42 pc in Delhi-NCR, says PropEquity report

The total absorption or sales of home units in Delhi-NCR and Chennai increased by 42 per cent and 3 per cent respectively in January this year, according to a report released by real estate data, research and analytics firm, PropEquity.

While the sale was 2,059 units in December 2020, it increased to 2,930 units in January 2021 in Delhi-NCR. In Chennai, it went up from 1,535 units in December 2020 to 1,584 units in January 2021.

However, compared to January last year, the sales dropped by 6 per cent this year – from 36,342 units to 34,149 units.

“Housing market has definitely evolved post pandemic. With COVID-19 taking a backseat now in most of the cities and vaccination in full swing, we can expect home sales to rebound in the coming months. We have already seen renowned developers across major cities in India posting solid sales number in the past few months and are gearing up for new launches in coming quarters,” said Samir Jasuja, MD & Founder – PropEquity.