Housing sales volume falls 4% in 2024 in 7 cities; value up 16%: Anarock

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Housing sales volume falls 4% in 2024 in 7 cities; value up 16%: Anarock - Business Standard

Quick Summary:

Housing sales are estimated to fall 4 per cent this year in seven major cities to nearly 4.6 lakh units on lower launches, while sales in value terms are up 16 per cent to Rs 5.68 lakh crore, according to Anarock.

Anarock, which is one of the leading housing brokerage firms in India, attributed the fall in sales volumes during 2024 to a drop in new launches of housing projects because of a delay in regulatory approvals amid general and assembly elections.

Average housing prices grew 21 per cent this year across the seven major cities on rising rates of land, labour and some building raw materials.