Summary:
incentives (particularly stamp duty cut in Maharashtra) & prevailing low home loan ratesMMR tops list – ANAROCK sold 573 units in September & October 2020 against 265 units last year (approx. ANAROCK Property Consultants sold 1,805 homes across top 9 Indian cities (NCR, MMR, Chennai, Kolkata, Bangalore, Pune, Hyderabad, Ahmedabad and Lucknow) and Dubai in the months of September and October this year. Anuj Puri, Chairman – ANAROCK Property ConsultantsAnuj Puri, Chairman – ANAROCK Property Consultants says, “Our sales in these two months saw a 78% y-o-y jump over the same period in 2019. “Interestingly, our sales in Chennai saw an almost five-fold yearly jump with 223 homes sold in Sept.-Oct.
2020, against just 45 units in the same period last year. If this pans out, housing sales in the whole of CY2020 will have rebounded to more than 50% of the overall sales clocked in CY2019 - approx..