Home sales increased by 22% in January-June: Report

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According to the JLL report, in the first half of 2019, apartment Home sales in the seven major cities of the country increased by 22 percent to 78,247 units annually.

Home Sales from January to June of 2018 recorded 72,438 units. Compared to the last six months of July-August 2018.

However, compared to the same period last year, during the first six months of this year, the launch dropped 11 percent to 73,049 units.

He said, “Hyderabad is growing in seven cities, in the residential property market, there has been an increase of 22% in sales across India during this period.”

It has been said in the report Home sales that the interesting thing is that the share of middle and middle-income houses (Tickets up to Rs 10 million in Mumbai and Rs 7.5 million in other cities) has seen an increase of 58 percent at the country level.

He said that with the gradual improvement in the confidence of the Homeowner and improving the strength, the market saw an increase in sales in 2018.

According to the JLL report, in the first half of 2019, apartment sales in the seven major cities of the country increased by 22 percent to 78,247 units annually.

“Sales are likely to receive an additional boost from the government’s progressive policies.” In the first quarter of this year, the government also reduced the household goods and services tax rate at an affordable rate to 1 percent from the previous 8 percent without income tax (ITC)

The GST in projects under construction, which is not subject to the affordable housing sector, has been reduced to 5 percent from 12 percent, and the rate of review augurs well for home buyers because the ITC process under the former regime was complex, .

Commenting on the results, Ramesh Nair, Chief Executive Officer and President of JLL India said: “A series of reforms and increased interest from buyers in this sector have driven the sector to connect itself to market demand.

In most cities, it is interesting that home buyers continue to focus on readiness to move In projects and projects close to completion, developers are also focusing on completing their ongoing projects. “

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