Housing sales have jumped in Bengaluru as the city saw the sale of 8,350 units in April-June, as opposed to 1,590 units in the previous-year period.
Story so far: According to the latest Real Insight Residential report, the demand for housing experienced a low base during the April-June 2021 period due to the second wave of the Covid pandemic. The growth seen in April-June 2022 is multi-fold.
- Housing demand has boosted due to the increased importance of owning a property as well as the consumer confidence in the economic scenario of the country.
- The year-on-year housing sales for this period increased 4.5 times, while the demand increased by 5% from the previous quarter.
Housing craze: Apart from Bengaluru, cities such as Mumbai, Pune, Ahmedabad, Chennai, Delhi and Kolkata also saw a hike in housing sales compared to the previous quarter.