More Than 3L Homes Worth Rs 5.1L Cr To Be Sold This Year

Mumbai: More than 3 lakh homes worth Rs5,10,000 crore across 485 million square feet are expected to be sold by the end of this year, according to a new report.

Housing sales remained healthy and hit a new nine months (January-September) peak in 2024, with close to 2,30,000 homes across the top 7 cities worth Rs 380,000 crore sold during this period.

This translates into 363.2 million sq ft of space sold during January-September 2024, according to the JLL report.

The surge represents significant economic impact and consumer confidence in urban real estate. Top seven cities (Delhi-NCR, Mumbai, Pune, Kolkata, Chennai, Bengaluru and Hyderabad) cities lead nationwide trend, indicating concentrated development in key metros.

“With capital values surging and being at an all-time high, close to Rs 380,000 crore worth of homes have already been sold across the top seven cities in the first 9 months of 2024, taking the average sale value of an apartment to Rs 1.64 crore,” said Dr Samantak Das, Chief Economist and Head of Research and REIS, India, JLL.