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| Shubham Dhage/Unsplash |
The blues of the pandemic are transitioning to green, at least for major developers operating in top cities.
With an effective vaccination drive and a renewed faith in the economy, demand for housing has bounced back.
What Do The Numbers Say?
Per JLL's recent Residential Market Update, housing sales jumped over 2X, with 32,358 units sold during the July-September period across seven major Indian cities.
In comparison, housing sales stood at 14,415 units a year-ago in the same period, while 19,635 units were sold in the previous quarter (Q2, 2021).
Solo Performances
Bengaluru 🔼 Q3, 2020 - 1,742 Units | Q3, 2021 - 5,100 Units
Chennai 🔽 Q3, 2020 - 1,570 Units | Q3, 2021 - 1,500 Units
Delhi NCR 🔼 Q3, 2020 - 3,112 Units | Q3, 2021 - 6,689 Units
Hyderabad 🔼 Q3, 2020 - 2,122 Units | Q3, 2021 - 4,418 Units
Pune 🔼 Q3, 2020 - 1,344 Units | Q3, 2021 - 5,921 Units
Units include new apartments only and fence sitters who made the jump recently are major demand drivers.