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Sales of homes priced below Rs 50 lakh fall 14% in 2024 in 7 cities: JLL

Business Standard LogoBusiness Standard15h ago

Sales of homes priced below Rs 50 lakh fall 14% in 2024 in 7 cities: JLL - Business Standard

Quick Summary:

Sales of apartments, costing less than Rs 50 lakh each, fell 14 per cent to 38,626 units in 2024 across seven major cities on lesser launches of affordable housing projects and rising prices, according to JLL India.

Real estate consultant JLL India data showed that sales of apartments across seven major cities during 2024 witnessed sustained growth, reaching a record-high volume of 3,02,867 units, up 11 per cent from 2,71,818 units in the preceding year.

The seven cities are Mumbai (including Mumbai city, Mumbai suburbs, Thane city, and Navi Mumbai), Delhi-NCR (including Delhi, Gurugram, Noida, Greater Noida, Ghaziabad, Faridabad and Sohna), Bengaluru, Pune, Chennai, Hyderabad and Kolkata.


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Article Details

Category: BusinessFinance

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-18 @ 18:54:43 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 387 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25235544

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Official Website: business-standard.com

Update Frequency: 120 posts per day

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News Last Updated: 3 hours ago

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