Residential sales dip across top cities during July-September quarter
Residential sales across the top cities stabilized in July-Sep quarter with sales declining to 11%, according to Anarock data.
About 1,07,060 units were sold in Q3 2024 against 1,20,290 units in Q3 2023. However, sales continued to outstrip new supply in Q3 2024, reflecting continued health in the market.
“Among the top 7 cities, MMR recorded the highest sales of 36,190 units, followed by Pune with 19,050 units. Cumulatively, the two western cities accounted for 52% of the total sales across the top 7 cities in Q3 2024. All the top cities individually recorded a dip in housing sales,” said Anuj Puri, chairman, Anarock group.
The top 7 cities also witnessed a drop in new housing supply, with 93,750 units launched in Q3 2024 against 1,16,220 units in the corresponding period in 2023 — a 19% annual drop.
In terms of budget segments, the Rs 1.5 crore and above luxury housing segment witnessed the highest new supply of 33%, followed by the premium (Rs 80 lakh – Rs 1.5 crore) segment with a 30% share.
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