January 2020 \ Business & Investment \ Industry News
Realty sales up 6%: JLL

The Indian real estate market witnessed a marginal ...

  • Mr Ramesh Nair

The Indian real estate market witnessed a marginal 6 per cent rise in sales at 1,43,923 homes in 2019 compared with 1,36,273 in 2018, a JLL report said in December. Around 1,43,923 homes were sold against 1,36,273 in 2018, said JLL’s India Market Update 2019. But new launches declined 14 per cent, it said. The year witnessed a 14 per cent decline in new launches at 1,36,998 flats compared with 1,59,452 in 2018. The October-December quarter reported a 31 per cent fall in launches at 26,405 homes and contributed majorly to the overall decline.

Only Mumbai witnessed a rise in fresh launches and also reported sales growth in the fourth quarter compared with the year-ago quarter. On the sales front, the report said while the first half of 2019 witnessed a substantial 22 per cent rise in offtake on the year-on-year basis, the second half recorded a 9 per cent decline.

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