In Ahmedabad, sales of residential units rose 139 per cent to 2,810

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Ahmedabad. 06 January 2021, Wednesday

Amidst the adverse effects of the epidemic, 210 residential units were sold in Ahmedabad city during the fourth quarter of 2020. Which represents a 15 per cent increase on a quarterly basis. In the second half of last year, Rs. Home sales below Rs 20 lakh grew rapidly. However, higher-priced home sales also saw growth.

According to a report released by Knight Frank India, with the resumption of activities in June 2020 and the development of innovative strategies such as virtual site visits by developers with low interest rates on home loans. Homebuyers also remained at the center for the second half of the year due to aggressive homebuyer lending, price cuts and accepting refundable deposits on bookings.

20 to 30 sq.m. for affordable housing units. Measures to increase the maximum area up to have improved the attitude of homebuyers. These factors have helped in the second phase of 2020 to see a series of 4% increase in sales compared to the first phase of the year, reaching 4.5 units.

The number of new homes under construction has reached 2.2 units in the second phase of 2020, a steady increase of 21 per cent over the first phase of 2020. Most of this was due to a 12 per cent quarterly growth in new launches.

The highest demand in Ahmedabad is Rs. Sales below 3 million ticket sizes are projected to be 5 per cent in the second half of 2020. When Rs. The sub-segment of Rs 5 lakh to Rs 20 lakh accounted for 4 per cent of the total sales, while properties sold in ticket sizes below Rs 3 lakh accounted for 4 per cent.

. In terms of business districts, the northern zone accounted for 9 per cent of total sales and the western market for 4 per cent in the second half of 2020. The city has also experienced an average price decline of 8% in the second half of 2020.

In terms of launches, 3% of the total new launches are Rs. 50 lakh in ticket size and Rs. 2 lakh In the second phase of 2020, 3 per cent of the total launches were experienced in 20 lakh ticket sizes, while 4 per cent launches cost Rs. 3 lakh to less than one crore. Unsold inventory has declined by about 4 per cent since 2014.

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