Housing sales have increased by 12 per cent to 1,38,051 units during January-September period of the current calendar year from 1,23,725 units in the corresponding period of 2020 as per the recent report ‘Real Insight residential Q3 2021 by PropTiger.com’.
In the 2020 calendar year, sales plunged 47 per cent to 1,82,639 units from 347,586 units in the previous year, mainly because of strict nationwide lockdowns to control the deadly coronavirus during April-June last year. Rajan Sood, Business Head, PropTiger.com, said, “despite the revival in the residential real estate market, housing sales might still fall short of 2019 numbers. A lot is dependent on sales numbers in the ongoing quarter. As per market estimates, housing sales could rise by a high double-digit percentage during the October-December period of this year from 58,914 units in the same quarter last year”.
In the 2020 calendar year, sales plunged 47 per cent to 1,82,639 units from 347,586 units in the previous year, mainly because of strict nationwide lockdowns to control the deadly coronavirus during April-June last year.