News release
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
September 28, 2020
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
Q2 2020 (in units) |
Q3 2020 (in units) |
Growth (%) – Q3 2020 over Q2 2020 | |
---|---|---|---|
Bengaluru | 1,977 | 1,742 | -12% |
Chennai | 460 | 1,570 | 241% |
Delhi NCR | 2,250 | 3,112 | 38% |
Hyderabad | 1,207 | 2,122 | 76% |
Kolkata | 481 | 390 | -19% |
Mumbai | 3,527 | 4,135 | 17% |
Pune | 851 | 1,344 | 58% |
Total | 10,753 | 14,415 | 34% |