Home sales in top seven cities up 25% in H1 of 2018 on consumer confidence: Report

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Home sales across India These two factors, have pushed many fence sitters and new home buyers to take the purchase decision, The seven cities tracked by CREDAI-JLL are NCR, Mumbai, Kolkata, Chennai, Hyderabad, Bengaluru and Pune. According to the report, Mumbai witnessed the highest sales volume totalling 13,659 units during January-June, up 11% from a year ago. NCR saw a rise of 26% in housing sales due to a rise in new launches and return of buyers Bengaluru and Pune recorded a 2% year-on-year rise in sales while Kolkata topped the percentage chart for y-o-y growth in sales with a record 280% (albeit on lower volume) to 2,955 units in the first half of 2018. Kolkata recorded the highest growth in sales with a nearly threefold rise, albeit on lower volume. Hyderabad too recorded an over twofold increase in home sales.