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Showing posts from September, 2021

Real Estate Will Boom in 2021, New Houses Will Be Sold

House sales in seven major cities of the country may grow by 30 per cent year-on-year in 2021. New housing launches are expected to increase by 35 per cent during this period. However, it will take time for the sale of houses to reach the Pre-Covid-19 level. According to a report by property consultant Anarock, a total of 1,79,527 houses are likely to be sold in the seven cities of Delhi-NCR, Mumbai Metropolitan Region, Pune, Bangalore, Hyderabad, Chennai and Kolkata during 2021.  This figure is 30 percent more than the 1,38,344 houses sold in 2020. Earlier in 2019, a total of 2,61,358 houses were sold in these cities. The report has estimated that the house sales may increase to 2,64,625 units during 2022, while 3,17,550 units may be sold in 2023. However, this year the supply and sales of houses may be 28% and 31% lower respectively as compared to 2019. New Commercial Project in Noida: Bhutani Cyberthum   Realty Sector To Set New Records in 2023:  Anuj Puri, chairman of Anarock, said