News release
Residential sales surge by 47% year-on-year during Jan-Sept 2021
Robust sales traction in Q3 2021 drove year to date sales
September 30, 2021
Mumbai, September 30, 2021: Residential sales during January - September 2021 increased by 47% as compared to the same period last year across the top seven cities, according to JLL’s Residential Market Update – Q3 2021, released today. This implies that the second wave had limited impact on sales in the first three quarters of 2021. On a sequential basis, sales improved by 65% during Q3 2021. Sales got a boost from many factors including lower Covid-19 cases in Q3 backed by robust vaccination drive which led to cautious unlocking of the economy in various states.
Strong recovery in sales
City | Q2 2020 (in units) |
Q3 2020 (in units) |
Growth (%) Q3 2020 over Q2 2020 |
Q2 2021 (in units) |
Q3 2020 (in units) |
Growth (%) Q3 2021 over Q2 2021 |
---|---|---|---|---|---|---|
Bengaluru | 1977 | 1742 | -12% | 3500 | 5100 | 46% |
Chennai | 460 | 1570 | 241% | 600 | 1500 | 150% |
Delhi NCR | 2250 | 3112 | 38% | 2440 | 6689 | 174% |
Hyderabad | 1207 | 2122 | 76% | 3157 | 4418 | 40% |
Kolkata | 481 | 390 | -19% | 578 | 1974 | 242% |
Mumbai | 3527 | 4135 | 17% | 5821 | 6756 | 16% |
Pune | 851 | 1344 | 58% | 3539 | 5921 | 67% |
Total | 10753 | 14415 | 34% | 19635 | 32358 | 65% |