Bengaluru leads housing sales in Q2

Bengaluru leads housing sales in Q2
12/07/2018 , by , in News/Views, Uncategorized

Bengaluru has witnessed highest sales in residential units across the country during the second quarter of 2018, which was aided by renewed interest from IT/ITeS professionals owing to mitigated job risks in the IT sector. The tech city has seen a jump of 32% in the housing sales between April and June 2018 at 14,600 units compared with 11,050 units sold during the same period a year ago.

“The overall favourable economic environment and increased commercial activity in the city led by the IT/ITeS sectors, residential activity has been gaining momentum,” Anuj Puri, Chairman, Anarock Property Consultants said.

With increased commercial activity in the city led by the technology sector, residential activity has been gaining momentum over the last six months. The jump in residential unit sales has helped Bengaluru surpass Delhi-NCR, which hasseen 2.6% decline in its sales to 11,150 units during the period.

The second highest growth was seen by Hyderabad — although less than half the growth Bengaluru has seen. Other than, Bengaluru and Hyderabad, only Kolkata saw the growth in the housing sales.

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