Luxury home sales in Delhi/NCR surge a record 54% in February 2021: PropEquity Study

14 April 2021, New Delhi: In a report released by PropEquity, India’s leading real estate data, research and analytics firm, total absorption or sales of luxury home units in Delhi/NCR increased by 54% from 709 units in February 2020 to 1095 in February 2021.
Not just in Delhi NCR, home sales increased in the top six cities of India. Bengaluru, Chennai, Kolkata, MMR & Pune witnessed the rise in home sales by 13%, 8%, 7%, 37% & 12% respectively during the same period. Only Hyderabad witnessed 8% downfall of sales from 1455 units in February 2020 to 1337 units in February 2021.
“Housing market has been improving over the last few quarters and our data has suggested that home sales will continue to see growth in 2021. India is also undertaking the largest vaccine drive for COVID 19 and as we cover more and more population, we will witness a decent rise in demand,” said Mr. Samir Jasuja, MD & Founder – PropEquity.
Cities’ Snapshot
Bengaluru: Total sales witnessed an increase of 13% from February 2020 to February 2021. On the other hand, while comparing the data month-wise from January 2021 to February 2021, total sales witnessed an increase of 5%.
Chennai: Total sales witnessed an increase of 8% from February 2020 to February 2021. On the other hand, month-wise comparison from January 2021 to February 2021 shows the downfall of 10% in home sales.
Hyderabad: Total sales witnessed a decline of 8% from February 2020 to February 2021. On the other hand, month-wise comparison from January 2021 to February 2021 shows an increase of 10% in home sales.
Kolkata: Total sales witnessed an increase of 87% from February 2020 to February 2021. However, month-wise comparison from January 2021 to February 2021 shows decline of 25% in home sales.
MMR: Total sales witnessed an increase of 37% from February 2020 to February 2021. However, month-wise comparison from January 2021 to February 2021 shows a decline of 4% in home sales.
NCR: Total sales witnessed the highest increase of 54% from February 2020 to February 2021. Adding to the league, month-wise comparison from January 2021 to February 2021 also shows a hike of 8% in home sales.
Pune: Total sales witnessed the growth of 12% from February 2020 to February 2021. However, month-wise comparison from January 2021 to February 2021 shows downfall of 8% in home sales.

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