Home sales down 19% in Delhi-NCR in April-June, due to rising prices and costlier home loans: Report

Home sales in Delhi-NCR declined by 19 per cent to 15,340 units in April-June, 2022, on a quarterly basis.

Home sales in Delhi-NCR declined by 19 per cent to 15,340 units in April-June, 2022, on a quarterly basis. Property consultant Anarock has given this information.

Delhi-NCR (Delhi NCR) sale of houses in (Home Sales) In April-June, 2022, there has been a decline of 19 per cent on a quarterly basis to 15,340 units. Property consultant Anarock has given this information. According to Anarock, the property (Property) With the rise in prices of housing loans (Home Loan) The increase in rates has affected the demand. Delhi-NCR The residential sales in January-March 2022 were 18,835 units. According to data from Anarock, new offerings in Delhi-NCR declined by 56 per cent to 4,070 units during the period under review as against 9,300 units in the previous quarter.

Big drop in sales of houses in Noida, Gurugram

The number of unsold homes in the region declined by 7 per cent to 1,41,235 units at the end of June quarter, from 1,51,500 units as on March 31, 2022.

Anarock said that the sale of houses in Gurugram has come down from 8,850 units to 7,580 units. Here the new offering has come down from 7,890 units to 2,830 units. Housing sales in Noida declined to 1,650 units in April-June, 2022 from 2,045 units in the previous quarter. The city did not see any new offerings in the June quarter.

Home sales in Greater Noida fell from 3,450 units to 2,750 units, while new offerings saw an increase.

In other areas of Delhi-NCR too, there has been a declining trend in the sale of houses.

Apart from this, let us tell you that the construction work of about 4.8 lakh residential units worth Rs 4.48 lakh crore in seven major cities of the country is stuck or is going on very late. However, so far this year, builders have completed 37,000 units. Property advisory company Anarock made this claim in a research report. According to this, about 2.4 lakh of the stalled housing units are located in Delhi-NCR only. In its research, Anarock has included only those housing projects which were started in the year 2014 or earlier in seven cities of the country- Delhi-NCR, Mumbai Metropolitan Region (MMR), Kolkata, Chennai, Bengaluru, Hyderabad and Pune. Was.

According to the data obtained from the research, between January 2022 and May 2022, 36,830 houses have been completed in these seven cities. At the end of May 2022, 4,79,940 units worth Rs 4,48,129 crore were stuck in various construction stages in these seven cities.

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