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Housing Sales Down 37 Pc, Office Leasing Dips 35 Pc across 8 Cities in 2020
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Housing sales fell 37 per cent year-on-year during the 2020 calendar year while gross office space leasing declined 35 per cent on low demand because of the coronavirus pandemic, but demand improved significantly in the last quarter to cross pre-COVID level, property consultant Knight Frank India said on Wednesday. In its India Real Estate – Residential and Office Update H2 2020 report released on Wednesday, the consultant reported that sales of residential properties fell 37 per cent to 1,54,534 units in 2020 across eight cities as compared with 2,45,861 units in the previous year. Similarly, the gross office space absorption declined 35 per cent to 39.4 million sq ft from 60.6 million sq ft.
Housing sales fall 50% to 21, 234 units in NCR in 2020: Knight Frank
According to the data, housing sales fell 18 per cent in Pune to 26,919 units during 2020 from 32,809 units in the previous year
PTI | January 6, 2021 | Updated 15:09 IST
Housing sales fell in all eight major cities, with demand falling most in Ahmedabad and least in Pune
Housing sales in the national capital region (Delhi-NCR) plunged 50 per cent year-on-year during the 2020 calendar year to 21,234 units on low demand because of the COVID-19 pandemic, property consultant Knight Frank India said on Wednesday. The sales of residential properties fell 37 per cent to 1,54,534 units in 2020 across eight major cities as compared with 2,45,861 units in the previous year, the consultant said in its India Real Estate - Residential and Office Update H2 2020 report.