Of the top 8 cities in India, which is that one city which sold maximum homes in India?
By Varun Singh
Yes, there’s no official competition between cities of India when it comes to real estate.
But every one desires to know which city sold the highest number of homes in the country.
Of the top 8 cities that we normally talk about there’s one city which sold way more real estate than any other city in the country.
Sales City Wise
According to a report by Liases Foras, a real estate research firm, compared to the previous year, Tier I cities recorded a sales growth of 42% in 2021 with 263,611 units.
Sales across the Tier I cities improved, with all cities showcasing an upward movement.
Sales witnessed maximum gain in Bangalore by 78%, followed by Chennai (56%), Pune (54%), Hyderabad (49%), MMR (35%), Ahmedabad (30%), NCR (25%), and Kolkata (6%).
Overall sales across tier I cities decreased by 4%.
Sales witnessed maximum loss in Kolkata by 35%, followed by NCR (31%), Ahmedabad (10%), MMR (5%).
Sales in Pune increased by 20%, Chennai (13%), Hyderabad (10%) Bangalore (8%).
While Bangalore saw maximum gain it was MMR which sold maximum number of real estate units.
MMR sold 65,457 units in 2021, the second closest is Pune with 50,930, while Bangalore stood a distant third with 39,385 units being sold.
Unsold Stock City Wise
Talking about unsold stock, the report says, consolidated, tier 1 cities’ unsold stock decreased with a 3% drop in 2021.
The unsold stock increased in Hyderabad by 42%, Ahmedabad by 9%, and Chennai by 4%, while it declined in all other cities.
Bangalore witnessed the maximum reduction in unsold stock by 22%.
Unsold stock in Tier I cities decreased by 8% in 2021 compared to 2019.
Kolkata witnessed the maximum decline in unsold stock (27%), followed by Bangalore (25%), Pune (15%), NCR (12%), and MMR (4%).
The unsold stock increased in Hyderabad by 30% Chennai by 3%.
New Launches City Wise
Tier I cities had recorded new launches of 241,907 units in 2021, which is a 75% increase compared to 2020 when it was 138,577 units.
New launches witnessed maximum gain in Hyderabad by 232%, followed by Kolkata (140%), NCR (126%), Ahmedabad (123%), Pune (58%), Chennai (45%), MMR (36%), and Bangalore (21%)
Overall, New Launches across tier I cities decreased by 10%.
New launches witnessed a maximum increase in Hyderabad by 59%, followed by Ahmedabad (32%), Chennai (29%), NCR (3%).
New launches declined in Kolkata (36%), MMR (31%), Bangalore (29%), Pune (20%).
Price Movement City Wise
In 2021, the weighted average price across Tier I increased by 3%.
Prices in Hyderabad and Ahmedabad increased by 7% and 6%, respectively, while All other cities showed a marginal price increase.
Weighted average price across Tier I cities increased by 3% in 2021 compared to 2019.
Prices increased in Hyderabad by 11%, followed by 8% in Ahmedabad, 5% in NCR, and Chennai, 4% in Pune.
Price remained stable in Bangalore and MMR while it declined by 1% in Kolkata.
