About 1,00,220 homes were sold across India’s seven largest cities between July and September, up 3% from a year earlier, according to Anarock. Sales by value rose 2% to about ₹1.55 lakh crore.
Launches outpace sales
Developers launched about 1,14,320 homes, up 18%. Unsold inventory rose 12% to about 6,30,590 homes. The average price rose 7% to ₹9,714 per square foot.
City by city
The Mumbai region sold the most homes, about 31,750, up 5%. Bengaluru sales rose 12% to about 16,670 and Hyderabad’s 15%. Sales fell in Pune, Delhi NCR, Kolkata and Chennai.
Prices rose fastest in Delhi NCR, up 12%.