Housing sales in 7 cities surge 29%, highest reported in Hyderabad: Anarock

Unsold inventory in the top 7 cities saw a nominal yearly decline - from 644,000 units towards Q1 2020-end to approx

Amid the second wave of the coronavirus and a slow-paced recovery of the economy, the housing sector in the top 7 cities showed considerably improvement with sales jumping 29 per cent and new launches by 51 per cent. The new figures were released in Anarock's Q1 2021 report. 

MMR & Pune account for 53 per cent of total sales in top cities, driven by stamp duty cuts, discounts and rock-bottom home loan rates, data showed. "As many as 58,290 homes were sold in the top 7 cities in Q1 2021 in comparison to 45,200 units in Q1 2020 - effectively