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With the onset of the festive season and supported by reductions and incentives supplied by builders plus the low mortgage charges, gross sales soared within the final quarter of 2021.
Residential gross sales elevated by 114% Yr-on-Yr within the fourth quarter of 2021 throughout India’s seven main metropolitan centres. In accordance with JLL’s Residential Market Replace – This autumn 2021, launched in the present day, gross sales quantity within the fourth quarter (Oct-Dec 2021) was up 70% on pre-pandemic transactions ranges of 1Q 2020. The market additionally confirmed appreciable enchancment on a quarter-by-quarter foundation, with gross sales rising by 40%, regardless of newer pandemic-related challenges.
JLL information exhibits that 46,750 models bought have been bought within the fourth quarter of 2021, representing the best quarterly gross sales volumes since 2Q 2013. With the onset of the festive season and supported by reductions and incentives supplied by builders plus the low mortgage charges, gross sales soared within the final quarter of 2021. Within the second half of the yr, July to December 2021 (H2), gross sales accounted for a powerful 63% share of the general gross sales in 2021 throughout the highest seven cities.
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