With the increasing demand for affordable housing and finished flats, the sale of homes in the National Capital Region may increase by 6 percent to 46,920 units in 2019. Enrock has given this information in a report. According to the report, the average price in Delhi-NCR has remained around Rs 4,600 per sqft. The number of homes that could not be sold fell by six percent to 1,75,079 units during this period. The company said that in 2019 sales in seven major cities of the country can be increased by five percent to reach 2,61,370 units.
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Currently, sales fell 22 percent to 1,14,250 units in the last six months compared to the first six months of the year. Anuj Puri, chairman of Enrock Property Consultants, said, "The persistence of the cash crisis, softening consumer sentiment than expected and a decline in the economic growth rate could affect the sale of homes in the last six months of 2019.
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According to the report, the largest number of homes were sold in Mumbai, sales increased by 22 percent to 80,870 units. Sales in Pune increased by 18 percent to 40,790 units. Sales in Chennai increased by four percent. However, in 2019, the sales of houses in Bengaluru, Kolkata, and Hyderabad have fallen by 12 percent and 11-11 percent respectively.
