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Below are Views On Share of Housing Sales in MMR & Pune Rises Y-o-Y From 2013, 53% in Q1 2021 By Anuj Puri, Chairman - ANAROCK Property Consultants

* In stark contrast, Delhi-NCR saw a y-o-y decline after seeing highest sales share among the top 7 cities in 2013

* 2013 saw total housing sales of approx. 3.19 lakh units across the top 7 cities - 37% in Delhi-NCR, 33% in western markets

* In Q1 2021, of total 58,300 units sold in the top 7 cities, MMR & Pune comprised a 53% share while NCR comprised just 15% share

* Sales share of the southern markets Bengaluru, Chennai & Hyderabad remained consistent b/w 26%-35% in the last 8 years

Mumbai, 7 April 2021: In a major trend reversal over the last eight years, the once-most active housing sales markets of Delhi-NCR have dropped sharply in their sales share. The western markets of MMR and Pune are now driving the most housing sales among the top 7 cities, ANAROCK data reveals.

Of a total of 58,300 homes sold across the top 7 cities in Q1 2021, MMR and Pune together accounted for an impressive 53% share, while NCR contributed just 15%. In 2013, of a total of 3.19 lakh units sold across the top 7 cities, the two Maharashtrian cities contributed 33% while NCR comprised the highest share of 37%.

In this period, there were no major variations in overall housing sales share of the primary southern markets Bengaluru, Hyderabad and Chennai whose contribution stayed relatively between 26% to 35%.

Anuj Puri, Chairman - ANAROCK Property Consultants says, "From 2013 to date, MMR and Pune have been consistently ramping up y-o-y sales share while Delhi-NCR saw a decelerating trend. The major factors aiding these western markets included active implementation of MahaRERA and timely government interventions to boost housing demand. Simultaneously, developers here put in determined efforts to bridge the demand-supply gap. In MMR, they did so by launching affordable homes in new areas like Dombivli and Boisar priced within INR 45 lakh. In fact, most leading developers efficiently changed gears to tap the growing budget housing demand.”

NCR continues to pay the price of inordinate project delays and decreased consumer sentiments. The southern markets remained end-user driven and thus maintained an even keel, with developers focusing squarely on consumer demand.

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