Sales of apartments priced above ₹1 cr. jump 83% in Jan.-March in 7 cities: JLL India
The Hindu
New Delhi
Sales of apartments priced at ₹1 crore and above rose 83% to 10,988 units during the January-March period this year on rising demand for bigger flats amid the pandemic, according to JLL India. Sales volume in this price category stood at 5,994 units in the year-earlier period.
JLL India on Friday released its quarterly sales data, which includes only apartments, for seven major cities namely Bengaluru, Chennai, Pune, Mumbai, Kolkata, Delhi-NCR and Hyderabad. Rowhouses, villas, and plotted developments, are excluded from the analysis.
According to the data, sales of apartments in price bracket of ₹1-1.5 crore grew to 6,187 units during January-March as compared to 3,450 units a year earlier.
Sales of apartments priced above ₹1.5 crore rose to 4,801 units from 2,544 units in the year-earlier period.
In its Residential Market Update - Q1 2022, JLL India said the total sales of apartments across the seven cities had gone up to 51,849 units in January-March 2022 from 28,352 units in the corresponding period of the previous year.
Sales for the period under review also surpassed the average quarterly sales during the pre-COVID 2018-19 period by a significant 148%.
Sales of apartments in Bengaluru increased to 12,202 units from 5,216 units, while demand in Chennai grew to 3,450 units from 3,200 units.
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