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23 percent decline in sales of houses in seven major cities in April-June

In the April-June quarter, home sales across seven major cities of the country declined by 23 per cent on a quarter-on-quarter basis. Home sales have plummeted due to the second wave of the COVID-19 pandemic.

Home sales grew 83 per cent during the quarter on a year-on-year basis, the report said, adding that sales of residential properties stood at 19,635 units in the April-June quarter. On the other hand, it stood at 25,583 units in the January-March quarter and 10,753 units in the April-June quarter last year.

JLL India oversees the sale of residential properties in Delhi-NCR, Mumbai, Kolkata, Chennai, Bengaluru, Hyderabad and Pune. Mumbai comes under Mumbai city, Mumbai suburbs, Thane and Navi Mumbai.

Home sales in Bengaluru increased by 47 per cent to 3,500 units on a quarter-on-quarter basis from 2,382 units in the previous quarter.

Home sales in Chennai declined by 81 per cent from 3,200 to 600 units. In Delhi-NCR too, home sales declined by 55 per cent to 2,440 units. In the January-March quarter, the figure stood at 5,448 units. Home sales in Hyderabad declined to 3,157 units from 3,709 units.
Sales of residential units in Kolkata declined by 56 per cent to 578 units from 1,320 units.
Home sales in Mumbai increased to 5,821 units from 5,779 units and in Pune home sales declined by 6 per cent to 3,539 units from 3,745 units in the previous quarter.

As per the data, during April-June, 2020 the sales of residential units were 1,977 units in Bengaluru, 460 units in Chennai, 2,250 units in Delhi-NCR, 1,207 units in Hyderabad, 481 units in Kolkata, 3,527 units in Mumbai and 851 units in Pune. Was being