NEW DELHI: Housing sales across top seven cities rose 71 percent year-on-year in 2021 to 2,36,530 units, but demand fell short of pre-Covid levels by 10 percent, as per analysis  by Mumbai-based Anarock.

It said, Housing sales stood at 1,38,350 units in 2020 and 2,61,358 units in the 2019 calendar year. it attributed the rise in housing sales to very low interest rates on home loans, pent-up demand, surge in aspiration for home ownership, cut in stamp duty by a few states including Maharashtra and discounts offered by builders.

The fourth quarter contributed nearly 39 percent to overall sales during the last year, on festive demand and other positive factors. As per the Anarock annual data, housing sales in Mumbai Metropolitan Region (MMR) rose 72 percent to 76,400 units in 2021 from 44,320 units in the previous year.

Sales in Hyderabad jumped nearly three-folds to 25,410 units last year from 8,560 units during 2020. Delhi-NCR witnessed 73 percent rise in sales to 40,050 units in 2021 from 23,210 units in 2020. Housing sales in Pune rose by 53 percent to 35,980 units in 2021 from 23,460 units in 2020. Bengaluru witnssed 33 percent increase in sales to 33,080 units in 2021 from 24,910 units in the previous year. Housing sales in Chennai were up 86 percent to 12,530 units in 2021 from 6,740 units in 2020.

Institutional Investments In Real Estate Sector A Boon For Realty, Says Pankaj Bansal

J&K govt signs 39 deals worth Rs 18,300 cr with real estate investors

GST collection at Rs 1.29 lakh cr in Dec: Finance Ministry