Mumbai, Pune set to see over 30% housing sales in Q4: ANAROCK
New Delhi: Mumbai and Pune are emerging as the best bet for residential real estate market in the country. The cities are expected to witness 36 and 34 percent jump respectively in housing sales in the fourth quarter if the current calendar year as compared to immediately preceding quarter, according to ANROCK. This will be the highest jump in sales among all major cities in the country.
In the third quarter of the ongoing calendar year, Mumbai and Pune saw sales of 9,200 and 4,850 homes respectively.
It was only in 2015 that Mumbai and Pune saw home sales rise by over 30 percent each in Oct- Dec quarter as compared to the previous quarter. All the other major cities had seen a drop in this period.
In 2018 and last year, the sales went up by 7-11 percent in these two cities.