ANAROCK Report: Real estate sector is back on track, sales of houses will increase by 30% in 2021 in seven cities of the country

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New Delhi. According to property consultant company ANAROCK, there will be a good increase in the sale of houses during the year 2021. About 1.8 lakh houses can be sold during this period. However, it will take time for housing sales to reach pre-coronavirus levels. According to a research report by ANAROCK, residential sales in seven major cities of the country are expected to grow by 30 per cent year-on-year to 1,79,527 units in 2021 from 1,38,344 units last year. Earlier in 2019, residential sales in Delhi-NCR, Mumbai Metropolitan Region (MMR), Pune, Bengaluru, Hyderabad, Chennai and Kolkata stood at 2,61,358 units.

How much can residential sales increase in which year
Anarock has estimated that the sales may increase to 2,64,625 units in 2022 and 3,17,550 units in 2023. Anarock Chairman Anuj Puri said that the residential sector was showing good growth on an annual basis between 2017 and 2019. After this, due to the Kovid-19 epidemic, this situation was reversed. Had it not been so, then 2020 would have proved to be a great year for the residential sector. Anarock said residential offerings are expected to grow by 35 per cent in 2021 compared to last year, while sales could grow up to 30 per cent during this period.

Projects worth 1.4 lakh crores are stalled
Anarock had earlier recently told that the work of 1.74 lakh houses worth Rs 1.4 lakh crore in these seven cities is completely stalled. Out of this, 66 percent houses are in Delhi-NCR. Anarock had said that it has included only those housing projects in its research, which have started in 2014 or after. The number of stalled and padding units in seven cities across the country are 6,28,630, valued at Rs 5,05,415 crore. These units are in Delhi-NCR, Mumbai Metropolitan Region, Pune, Bengaluru, Hyderabad, Chennai and Kolkata.

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