Real Estate: Increased Real Estate In Hyderabad, Sales Of Houses Worth Rs.1.56 Lakh Crore In Top 7 Cities: Home and real estate purchases have been somewhat delayed due to the Corona pandemic. With the reduction of the covid effect, the real estate business in the main cities of the country has picked up again.
Home and real estate purchases have been somewhat delayed due to the Corona pandemic. With the reduction of the covid effect, the real estate business in the main cities of the country has picked up again. Reports are coming out that houses worth Rs.1.56 lakh crore have been sold in 7 major cities in India. Despite high-interest rates and property costs, the top seven Indian cities such as Mumbai, Delhi-NCR, Pune, and Hyderabad sold homes worth Rs 1,55,833 crore in the first half of the year, a growth of 119 percent, FY23 property consultant Anarac said in a report. During the same period of FY22, the total value of units sold during the same period was around Rs.71,295 crore.
According to reports, between April and September 2022, around 1,73,155 houses were sold in top cities. 87,375 units were sold during the same period a year ago. Anorak Group Chairman Anuj Puri said on the occasion. In terms of value, Mumbai Metropolitan Region (MMR) in H1 FY23 was Rs. 74,835 crores in sales. Rs. 24,374 crores followed by National Capital Region (NCR). And 110% annual profit in total house sales is Rs. 35,610 crores achieved 174%.
In the first year of 2022, total house sales in Delhi-NCR will be Rs. 8,896 crores, said Puri. About 52,185 houses were sold in the Mumbai Metropolitan Region (MMR) from April-September of the current financial year. At the same time, around 30,300 units were sold in NCR. MMR dominates home sales both in terms of volume and value. After that, there are NCR and Pune.
In the sale of all houses in Hyderabad.
Hyderabad saw a 130 percent increase in the total home sales value. It has increased from Rs.6,926 crore to Rs.15,958 crore in 2022-23. Around 22,840 houses were sold in Hyderabad in the first half of the financial year 2022-23.
In Bengaluru in the first financial year, 2022-23 Rs. 17,651 crores worth of houses were sold, while in both quarters Rs. 8,218 crore—an increase of 115 percent year-on-year. In the first financial year 2022-23 Rs. Around 26,580 houses worth Rs 13,532 crore were sold in Pune, the report said. In the first two quarters of the current financial year, home sales in Kolkata and Chennai, worth Rs 4,774 crore and Rs 4,709 crore respectively, have increased by 115 percent and 57 percent year-on-year.
But many people lose money by investing without knowing what the land prices will be in the area in the future without knowing the right information. For such people, a real estate expo will be held in Hyderabad from the 18th to the 20th of this month. Visit the TV9 Sweet Home and Interior Expo at Hitex, Hyderabad for three days from the 18th of this month. The most trusted and reputed real estate developers will participate in this expo.