Latest News | Sale of Apartments Seen at 3.05 Lakh Units Worth Rs 5.10 Lakh Cr in 2024: Report

Get latest articles and stories on Latest News at LatestLY. India's seven major primary housing markets are estimated to see sales of 3.05 lakh apartments worth Rs 5.10 lakh crore during the current calendar year, according to JLL India.

New Delhi, Dec 4 (PTI) India's seven major primary housing markets are estimated to see sales of 3.05 lakh apartments worth Rs 5.10 lakh crore during the current calendar year, according to JLL India.

These seven cities are Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Pune and Hyderabad.

Also Read | Vinesh Phogat, Pooja Sharma, Aruna Roy: All About 3 Indians Who Featured in BBC's 100 Inspiring Women List 2024.

"At the end of 2024, over 300,000 homes worth Rs 510,000 crore of homes across 485 million sq ft are expected to be sold," real estate consultant JLL India said in a statement on Wednesday.

Housing sales have remained healthy and hit a new nine-month (January-September) peak in 2024 with close to 230,000 homes sold across the top seven cities worth Rs 380,000 crore sold during this period, it added.

Also Read | Why Is Maharashtra Assembly Winter Session Held in Nagpur? Know History and Reason Behind Nagpur Being State’s Winter Capital.

With the festive season coinciding with the fourth quarter and housing demand expected to remain strong, JLL India said it expects sales for the Oct-Dec 2024 quarter to potentially match or exceed the trailing three-quarter average of over 75,000 units, taking the full-year sales to about 305,000 units.

"With this, the sales realization value is expected to touch around Rs 510,000 crore for 485 million sq ft of area likely to be sold for full year 2024," the consultant said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)

Share Now

Share Now