{"id":3735,"date":"2021-07-08T06:51:00","date_gmt":"2021-07-08T06:51:00","guid":{"rendered":"https:\/\/www.omaxe.com\/blog\/?p=3735"},"modified":"2024-02-02T12:11:20","modified_gmt":"2024-02-02T06:41:20","slug":"sustained-levels-of-residential-sales-sign-of-demand-report","status":"publish","type":"post","link":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/","title":{"rendered":"Sustained Levels of Residential Sales sign of Demand: Report"},"content":{"rendered":"\n<p>The residential real estate market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India. As compared to Jan-March 2021, residential sales in April-June 2021 fell by 23% at 19,635 units in top seven cities with only Bangalore and Mumbai witnessing a growth of 47% and 1% respectively, according to JLL\u2019s Residential Market Update \u2013 Q2 2021.<\/p>\n\n\n\n<p>The sales dropped by 61% in April-June 2021 as compared to April-June 2020. In both these quarters, the nation was faced with lockdowns.<\/p>\n\n\n\n<p>Sale of more than 45,000 residential units was recorded in H1 2021 as against 38,204 units in H1 2020, an increase of 18% Y-o-Y.<\/p>\n\n\n\n<p>\u201cThe sustained levels of residential sales present clear signs of demand and buyer confidence coming back to the market,\u201d the report said.<\/p>\n\n\n\n<p>New launches dropped by 20% quarter on quarter at 27,057 units.<\/p>\n\n\n\n<p>\u201cSeveral developers deferred new launches and focused on the completion of under-construction projects and clearing their existing inventory,\u201d the report stated.<\/p>\n\n\n\n<p>\u201cOn average, new launches of more than 35,000 units were witnessed every quarter between Q1 2019 and Q1 2020. In the COVID-era (Q2 2020 \u2013 Q2 2021), this has decreased to ~23,000 units,\u201d the report added.<\/p>\n\n\n\n<p>The first half of 2021 witnessed new launches of 61,010 residential units, a jump of 10% over H1 2020. The report stated that unsold inventory increased marginally.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The residential real estate market was building on its momentum with sales witnessing a surge until the second wave&hellip;<\/p>\n","protected":false},"author":1,"featured_media":3736,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[66,298],"tags":[532,533,530,531],"wbAuthor":{"name":"Omaxe","link":"https:\/\/www.omaxe.com\/blog\/author\/omaxe\/"},"wbDate":"Jul 8, 2021","wbCategories":{"space":"<a href=\"https:\/\/www.omaxe.com\/blog\/category\/real-estate-news\/\" rel=\"category tag\">News<\/a> <a href=\"https:\/\/www.omaxe.com\/blog\/category\/real-estate\/residential-property\/\" rel=\"category tag\">Residential Property<\/a>","coma":"<a href=\"https:\/\/www.omaxe.com\/blog\/category\/real-estate-news\/\" rel=\"category tag\">News<\/a>, <a href=\"https:\/\/www.omaxe.com\/blog\/category\/real-estate\/residential-property\/\" rel=\"category tag\">Residential Property<\/a>"},"wbComment":58,"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.0 (Yoast SEO v20.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Sustained Levels of Residential Sales sign of Demand: Report<\/title>\n<meta name=\"description\" content=\"The residential real estate sales market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sustained Levels of Residential Sales sign of Demand: Report\" \/>\n<meta property=\"og:description\" content=\"The residential real estate sales market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/\" \/>\n<meta property=\"og:site_name\" content=\"Omaxe Blog\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-08T06:51:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-02T06:41:20+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2021\/07\/residential-real-estate-market.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"853\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Omaxe\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Omaxe\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Sustained Levels of Residential Sales sign of Demand: Report","description":"The residential real estate sales market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/","og_locale":"en_US","og_type":"article","og_title":"Sustained Levels of Residential Sales sign of Demand: Report","og_description":"The residential real estate sales market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India","og_url":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/","og_site_name":"Omaxe Blog","article_published_time":"2021-07-08T06:51:00+00:00","article_modified_time":"2024-02-02T06:41:20+00:00","og_image":[{"width":1280,"height":853,"url":"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2021\/07\/residential-real-estate-market.jpeg","type":"image\/jpeg"}],"author":"Omaxe","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Omaxe","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/#article","isPartOf":{"@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/"},"author":{"name":"Omaxe","@id":"https:\/\/www.omaxe.com\/blog\/#\/schema\/person\/acd5832201e6e016886bdb18e76a72fa"},"headline":"Sustained Levels of Residential Sales sign of Demand: Report","datePublished":"2021-07-08T06:51:00+00:00","dateModified":"2024-02-02T06:41:20+00:00","mainEntityOfPage":{"@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/"},"wordCount":211,"publisher":{"@id":"https:\/\/www.omaxe.com\/blog\/#organization"},"keywords":["JLL\u2019s Residential Market Update","pandemic hit India","residential real estate market","Residential Sales"],"articleSection":["News","Residential Property"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/","url":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/","name":"Sustained Levels of Residential Sales sign of Demand: Report","isPartOf":{"@id":"https:\/\/www.omaxe.com\/blog\/#website"},"datePublished":"2021-07-08T06:51:00+00:00","dateModified":"2024-02-02T06:41:20+00:00","description":"The residential real estate sales market was building on its momentum with sales witnessing a surge until the second wave of the pandemic hit India","breadcrumb":{"@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.omaxe.com\/blog\/sustained-levels-of-residential-sales-sign-of-demand-report\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.omaxe.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Sustained Levels of Residential Sales sign of Demand: Report"}]},{"@type":"WebSite","@id":"https:\/\/www.omaxe.com\/blog\/#website","url":"https:\/\/www.omaxe.com\/blog\/","name":"Omaxe Blog","description":"Real Estate Company | Top Builders &amp; Developers in India | Omaxe Property","publisher":{"@id":"https:\/\/www.omaxe.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.omaxe.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.omaxe.com\/blog\/#organization","name":"Omaxe Ltd","url":"https:\/\/www.omaxe.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.omaxe.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2020\/05\/footer-logo.jpg","contentUrl":"https:\/\/www.omaxe.com\/blog\/wp-content\/uploads\/2020\/05\/footer-logo.jpg","width":191,"height":55,"caption":"Omaxe Ltd"},"image":{"@id":"https:\/\/www.omaxe.com\/blog\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/www.omaxe.com\/blog\/#\/schema\/person\/acd5832201e6e016886bdb18e76a72fa","name":"Omaxe","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.omaxe.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2db30a6b8dd24d5021f1a6dd321eaa70?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2db30a6b8dd24d5021f1a6dd321eaa70?s=96&d=mm&r=g","caption":"Omaxe"},"sameAs":["https:\/\/www.omaxe.com\/blog"],"url":"https:\/\/www.omaxe.com\/blog\/author\/omaxe\/"}]}},"_links":{"self":[{"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/posts\/3735"}],"collection":[{"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/comments?post=3735"}],"version-history":[{"count":1,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/posts\/3735\/revisions"}],"predecessor-version":[{"id":8998,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/posts\/3735\/revisions\/8998"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/media\/3736"}],"wp:attachment":[{"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/media?parent=3735"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/categories?post=3735"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.omaxe.com\/blog\/wp-json\/wp\/v2\/tags?post=3735"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}