Residential sales up 34% in Q3 vs Q2 2020, unsold inventory marginally down: JLL
- Mumbai is the largest contributor to sales, accounting for 29% in Q3 2020
- Q3 2020 witnessed new launches of 12,654 residential units across the seven prime markets
- Hyderabad dominated new launches accounting for over 40% in Q3 followed by Mumbai at 20%.
- Unsold inventory in various stages of construction decreased from 459,378 to 457,427 units across the seven markets
Mumbai, September 28, 2020: India’s residential market was more active in Q3 2020 with sales increasing by 34% versus Q2 2020*, according to JLL Research. Mumbai accounted for 29% of the total sales in the quarter, while 22% of sales was contributed by Delhi NCR. Growth in sales activity was also driven by stronger demand in Chennai, Hyderabad and Pune.
Sales volumes increased across markets
|Growth (%) – Q3 2020 over Q2 2020|