SME Times is powered by   
Search News
Just in:   • Report proposes ease of doing biz for MSEs  • 'US risks falling into economic hole without decisive action'  • FY21 NH construction pace to improve EPC players' performance: Report  • Mobile industry raises demand for GST rate cut in Budget  • FM launches Union Budget mobile app 
Last updated: 13 Jan, 2021  

Realty.9.Thmb.jpg Delhi-NCR residential sales grows 43% in Oct-Dec: JLL

Realty.9.jpg
   Top Stories
» Report proposes ease of doing biz for MSEs
» FM launches Union Budget mobile app
» Vehicle demand rises in Dec: Report
» 'Fiscal support for growth in 2020 decade likely to be lower'
» Odisha registers 55% increase in export despite Covid
SME Times News Bureau | 13 Jan, 2021
The National Capital Region (NCR) witnessed a quarter-on-quarter growth of 43 per cent in the sale of housing units during the October-December period on the back of festive discounts, low interest rates and some premium launches by established developers, said a JLL report.

However, sales are yet to reach the pre-Covid levels witnessed in 2019, it said.

Noida continued to dominate sales with 45 per cent share of overall sales in Delhi-NCR, followed by Ghaziabad, which contributed 31 per cent of the total sales.

The residential market also rebounded with some prominent new launches. In Q4 2020, new launches more than tripled when compared to the last quarter. Majority of the launches were recorded in Gurugram, which accounted for 61 per cent of the new launches followed by Noida which contributed 24 per cent of the launches.

"Homebuyers are increasingly becoming more confident about returning to the market. Site visits and enquiries from prospective buyers have been increasing consistently, driven primarily by end-users who are keen in ready-to-move-in projects and newly launched projects by established developers," said Manish Aggarwal, Managing Director, Delhi NCR, JLL India.

The report also noted that the quarter also witnessed the launch of plotted developments and individual floors by prominent developers. While prices remained range-bound across all the submarkets, developers are offering freebies and attractive payment terms to serious homebuyers.

Overall, residential property sales across the top seven markets in the country rose by 51 per cent as compared to Q3 2020.

It is important to note that this improvement has been holistic with seven key residential markets showing an uptick in sales. Mumbai, the country's largest contributor to sales for the last quarter accounted for 23 per cent of the overall sales, while the Delhi-NCR market contributed 20 per cent. Pune saw the maximum increase in sales activity as compared to the third quarter at 147 per cent growth with 3,323 units sold.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 Jan, 2021
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» L&T secures Rs.3.44 billion project from Power Grid(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter