Markets LIVE – Housing sales up 19 pc in October-December across 8 cities, Nifty realy trades in green
Housing sales increased 19 per cent year-on-year to 80,770 units during the October-December period across eight major cities on better demand, according to PropTiger. Sales of residential properties stood at 67,890 units in the corresponding period of the last year.
According to housing brokerage firm PropTiger.Com’s report Real Insight, the housing sales rose 50 per cent to 3,08,940 units during this year across eight major cities as compared to 2,05,940 units sold in 2021.
Nifty Reallty Index was trading at 426.90, up 0.44 per cent. Five stocks advanced in this 10-stock index. The top gainers were Macrotech Developers, DLF and The Phoenix Mills Limited while the top losers were Sobha and Prestige.
Vikas Wadhawan, Group CFO, Housing.Com, Makaan.Com & PropTiger.Com, said “Despite the steady climb in home loan interest rates, customers have been interested in locking in lower prices rather than fretting about mortgage interest rates.”
As per the data, housing sales in Ahmedabad rose 23 per cent in October-December to 6,640 units from 5,420 units in the year-ago period. Sales were up 62 per cent in 2022 to 27,310 units from 16,880 units last year.
Bengaluru witnessed a 30 per cent drop in housing sales to 6,560 units in October-December from 9,420 units in the year-ago period. However, the IT city saw a 22 per cent growth in sales to 30,470 units in 2022 from 24,980 units last year.
Housing sales in Chennai fell 2 per cent to 3,160 units in the fourth quarter of this calendar year from 3,210 units in the year-ago period. But, in the full year, the city clocked 8 per cent higher sales to 14,100 units from 13,050 units in 2021.
Delhi-NCR market saw a 3 per cent fall in sales to 4,280 units during October-December from 4,430 units in the corresponding quarter last year. However, sales grew 7 per cent in the NCR to 19,240 units in 2022, from 17,910 units in the last year.
Inputs from PTI
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