Key Points
Quarterly housing sales are at an all-time high, with approximately 130,170 units sold in January-March quarter of 2024 across the top seven cities, reveals real estate consultant Anarock data..
This is a 14 per cent yearly rise against approximately 113,775 units sold back in January-March 2023...
Mumbai and Pune accounted for about 51 per cent of the total sales in the top 7 cities, with greater Mumbai region recording a 24 per cent yearly jump and Pune witnessing an over 15 per cent yearly rise.. New launches across the top 7 cities continued above the one lakh mark but witnessed a mere 1 per cent yearly rise from 109,570 units in Q1 2023 to over 110,865 units in Q1 2024...
Notably, Mumbai and Hyderabad saw the maximum new supply, accounting for 51 per cent of the total new launches across the top seven cities...
Despite new launches remaining above the 1 lakh mark in this quarter, available inventory in the top 7 cities dropped by 7 per cent annually from approximately 626,750 units by Q1 2023-end to 580,890 units by Q1 2024-end...
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