Friday, Sep 29, 2023
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Education Today
    • Reviews
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | Hyderabad Accounts For Maximum Absorption Share Of Newly Launched Homes Anarock

Hyderabad accounts for maximum absorption share of newly launched homes: Anarock

Hyderabad: Hyderabad accounted for the maximum absorption share of new units among the top seven cities of India in 2021. Of the total 25,410 units sold in the city in 2021, nearly 55 per cent were newly launched, which shows the revival of investor interest. The 2021 absorption share of Hyderabad is significantly up from […]

By Telangana Today
Published Date - 01:17 PM, Thu - 10 March 22
Hyderabad accounts for maximum absorption share of newly launched homes: Anarock
whatsapp facebook twitter telegram

Hyderabad: Hyderabad accounted for the maximum absorption share of new units among the top seven cities of India in 2021. Of the total 25,410 units sold in the city in 2021, nearly 55 per cent were newly launched, which shows the revival of investor interest.

The 2021 absorption share of Hyderabad is significantly up from 28 per cent of approximately 16,590 units in 2019, according to Anarock research.

In Bengaluru, of 33,080 units sold in 2021, the sale share of newly launched units was 35 per cent- up from 27 per cent of 50,450 units in 2019.

Mumbai Metropolitan Region (MMR) saw the lowest absorption of newly launched homes- of 76,400 units sold in 2021, just 26 per cent were launched during the year. The remaining were old projects launched before 2021. NCR saw its absorption share of newly launched units at 30 per cent.

Anuj Puri, chairman, Anarock Group said, “End-users with a preference for ready-to-move-in or almost-complete homes continue to rule the roost. However, the demand scale is shifting gradually. Among other things, the increased sales share of newly launched homes heralds the revival of investor interest. This is significant – over the last 3-4 years, investors had more or less exited the residential real estate stage and were focusing on other asset classes.”

Pan-India, Anarock research data shows that out of the total 2.37 lakh homes sold in 2021 across the top seven cities, over 34 per cent were newly launched units.

In 2019, the sales share of newly launched homes was lower. Of about 2.61 lakh homes sold in 2019, newly launched homes accounted for about 26 per cent. In 2020, of 1.38 lakh units sold in the top seven cities, 28 per cent were launched during the year.


Now you can get handpicked stories from Telangana Today on Telegram everyday. Click the link to subscribe.

Click to follow Telangana Today Facebook page and Twitter .


Telangana Today Whatsapp
  • Follow Us :
  • Tags
  • Anarock
  • Anuj Puri
  • Hyderabad
  • Mumbai Metropolitan Region

Related News

  • Royal Air Force touches down in Hyderabad

    Royal Air Force touches down in Hyderabad

  • Indian Navy wins Inter Services Athletics tournament first time in 72 years

    Indian Navy wins Inter Services Athletics tournament first time in 72 years

  • GHMC panel okays 16 projects under CSR

    GHMC panel okays 16 projects under CSR

  • Gouher Sultana to lead Hyderabad women’s senior team in T20 BCCI Tournament

    Gouher Sultana to lead Hyderabad women’s senior team in T20 BCCI Tournament

  • Revanth Reddy’s inner self is still painted TDP’s yellow

    Revanth Reddy’s inner self is still painted TDP’s yellow

  • DMX secures funding from DA Fleet Management Services

    DMX secures funding from DA Fleet Management Services

Latest News

  • Various Canadian govt agencies report cyberattacks from Indian hackers

    15 seconds ago
  • Karnataka bandh: Passengers face harrowing time due to cancellation of flights, bus services

    48 seconds ago
  • Andhra court dismisses anticipatory bail plea by TDP’s Nara Lokesh in Amaravati Inner Ring Road scam case

    1 min ago
  • Indian women’s squash team clinches Bronze at Asian Games

    2 mins ago
  • Skanda Review: Routine commercial stuff blended with RaPo’s energy

    10 mins ago
  • Moosewala murder case: Gangster Sachin Bishnoi remanded to police custody

    11 mins ago
  • Pakistan seeks USD 11 billion aid from China, Saudi to keep IMF bailout programme on track

    21 mins ago
  • Yo Yo Honey Singh, Sonakshi Sinha’s track ‘Kalaastar’ to be out on this date

    2 mins ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam