representative image New Delhi: housing sale Housing units in eight key cities grew 5 per cent year-on-year to 87,108 units during July-September as demand for premium homes remained strong, according to knight frank India. Real estate consultant Knight Frank India on Thursday released its report ‘India Real Estate’ for the third quarter of calendar year 2024 through a webinar, which showed a modest growth in housing sales in contrast to data provided by Anarock and PropEquity , which recorded a decline in total sales. During July-September in major cities.
“Momentum in the residential market remains good in 2024 with Q3 2024 recording the highest quarterly sales this year at 87,108 units,” the report said.
Addressing a virtual press conference, Shishir Baijal, CMD, Knight Frank India, said the growth in housing sales is driven by demand for premium housing costing more than Rs 1 crore.
“There are concerns in the affordable housing segment,” Baijal said, adding that availability and affordability challenges have led to a decline in sales in the category.
According to the report, housing sales have increased in all markets except Delhi-NCR, where sales have declined by 7 percent year-on-year.
Mumbai recorded the highest sales volume of 24,222 units, a new high for the market. Sales in Mumbai grew 9 percent year-on-year.
Among major markets, sales in Bengaluru grew the most at 11 per cent year-on-year with 14,604 units.
Housing sales in Pune rose 1 per cent to 13,200 units, while demand in Hyderabad rose 9 per cent to 9,114 units.
Sales in Ahmedabad rose 11 percent to 4,578 units, while sales in Kolkata rose 14 percent to 4,309 units.
Housing sales in Chennai rose 6 per cent to 4,105 units.
However, the sale of residential properties In Delhi-NCR, sales declined by 7 percent to 12,976 units during July-September compared to a year ago.
