{"id":52620,"date":"2022-07-10T13:16:01","date_gmt":"2022-07-10T07:46:01","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=52620"},"modified":"2022-07-10T16:21:49","modified_gmt":"2022-07-10T10:51:49","slug":"biz-housing-sales-report-2","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/biz-housing-sales-report-2\/","title":{"rendered":"Housing sales jump 2.5x in Delhi-NCR during Jan-June; Prices up 7% as per Report"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2071236401\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Housing sales in Delhi-NCR jumped 2.5 fold annually during January-June on revival in demand and lower base effect, while prices rose 7 per cent, according to property consultant Knight Frank India.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3720154618\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div>\n<p>In its latest half-yearly report &#8216;India Real Estate: Residential and Office Market H1 2022&#8217;, the consultant said sales of residential properties rose to 29,101 units in January-June this year from 11,474 units in the corresponding period of 2021.<\/p>\n<p>The sales in first half of 2021 calendar year were hit by the second wave of the COVID-19 pandemic.<\/p>\n<p>New launches of homes jumped multi-fold to 28,726 units from 2,943 units during the period under review.<\/p><div class=\"trade-content_5\" id=\"trade-548152198\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>Housing prices appreciated 7 per cent annually to Rs 4,437 per square feet during January-June 2022.<\/p>\n<p>Unsold inventories of residential properties came down by 6 per cent to 95,811 units on improved sales performance.<\/p>\n<p>&#8220;In H1 2022, NCR&#8217;s residential market maintained demand momentum with half-yearly sales of 29,101 units. This is the highest sales clocked in any half yearly period since H2 2013,&#8221; the report said.<\/p>\n<p>With the prevalence of low home loan interest rates for the most part of H1 2022, Knight Frank India noted that sustained homebuyer interest was maintained in the residential market.<\/p>\n<p>Talking about property rates, the consultant said many developers have increased residential prices in the past few quarters to absorb the rising input costs.<\/p>\n<p>&#8220;In the past six months, the impact of rising input costs for cement and steel have bumped up the residential product pricing in NCR in a very pronounced manner. Due to the current demand momentum, prices have firmed up across many locations,&#8221; the report noted.<\/p><div class=\"trade-content-10\" id=\"trade-614440899\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div>\n<p>On the Delhi-NCR office market, Knight Frank said the gross leasing of office space rose 69 per cent to 4.1 million square feet in January-June 2022 from 2.4 million square feet in the corresponding period of the previous year.<\/p>\n<p>New supply, however, fell 17 per cent to 2.5 million square feet from 3 million square feet.<\/p>\n<p>The average rentals went up by 1 per cent annually to Rs 81.5 per sq ft per month.<\/p>\n<p>&#8220;In H1 2022, the National Capital Region (NCR) staged a strong comeback and emerged as the second-best performing office market across the top eight cities in terms of office space leasing.<\/p>\n<p>&#8220;Significant upswing in office leasing velocity was noticed in this period despite the short-lived third wave of the pandemic which had minimal impact on mobility and occupier mindset,&#8221; the report said.<\/p>\n<p>In January-June 2022 period, Gurugram accounted for 2.9 million square feet of office space leasing, which was the highest across the other zones of NCR.<\/p>\n<p>Gurugram&#8217;s share in NCR&#8217;s overall leasing has increased sequentially in the past one year.<\/p>\n<p>&#8220;From 52% in H1 2021, it increased to 64% in H2 2021 and stands at 71% of the total at the end of H1 2022,&#8221; the report said.<\/p>\n<p>At the end of the H1 2022 period, NCR&#8217;s office vacancy reduced by 204 basis points and stood at 14.4 per cent, it added.<\/p>\n<div class=\"trade-after-content\" id=\"trade-1324598736\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Housing sales in Delhi-NCR jumped 2.5 fold annually during January-June on revival in demand and lower base effect, while prices rose 7 per cent, according to property consultant Knight Frank India. In its latest half-yearly report &#8216;India Real Estate: Residential and Office Market H1 2022&#8217;, the consultant said sales of residential properties rose to 29,101 [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":12788,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[2123,4324],"class_list":["post-52620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-housing-sales","tag-housing-sales-2022"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Housing sales jump 2.5x in Delhi-NCR during Jan-June; Prices up 7% as per Report - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/biz-housing-sales-report-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Housing sales jump 2.5x in Delhi-NCR during Jan-June; Prices up 7% as per Report\" \/>\n<meta property=\"og:description\" content=\"Housing sales in Delhi-NCR jumped 2.5 fold annually during January-June on revival in demand and lower base effect, while prices rose 7 per cent, according to property consultant Knight Frank India. 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