Housing sales in 7 major cities surge 71% to 2,36,530 units in FY22

According to Anarock, housing sales across seven major cities increased by 71% year-on-year (YoY) to 2,36,530 units in 2021, but 10% lower than the pre-Covid level. In 2020, the housing sales stood at 1,38,350 units and 2,61,358 units in 2019. Anarock said that the surge in housing demand was due to low-interest home loans, pent-up demand, surging demand of homeownership, reduced stamp duty and discounts offered by the builders. The fourth quarter (Q4) of FY22 contributed 39% of sales on festive and housing demand. According to data by Anarock, housing sales in Mumbai Metropolitan Region (MMR) increased by 72% to 76,400 units in 2021, compared to 44,320 units in 2020. Housing sales in Hyderabad increased three-folds to 25,410 units in 2021, compared to 8,560 units in 2020. The demand for housing in Delhi National Capital Region (NCR) increased by 73% to 40,050 units in 2021, compared to 23,210 units in 2020. Pune witnessed a 53% increase in housing sales to 35,980 units in 2021, compared to 23,460 units in 2020. Similarly, housing sales in Bengaluru went up by 33% to 33,080 units in 2021, compared to 24,910 units in 2020. Housing sales in Chennai increased by 86% to 12,530 units in 2021, compared to 6,740 units in 2020, while sales in Kolkata increased from 7,150 units in 2020 to 13,080 units in 2021. Anarock told the media that the new launches have increased by 85% to 2,36,700 units in seven cities in 2021, compared to 1,28,000 units in 2020. In MMR, the new launches increased by 88% to 56,880 units in 2021, Hyderabad to 51,470 units, Delhi-NCR with 71% growth to 31,710 units, Pune with 67% growth to 39,870 units, Bengaluru with 43% growth to 30,650 units, Chennai with 35% increase to 12,370 units and Kolkata with four-time growth to 13,750 units. Anarock has witnessed an 18% surge in its revenue to Rs 305 crore in FY20-21, targeting Rs 450 crore in this fiscal year. Image Source Also read: Property costs likely to increase by 5-10% in 2022: Anarock