Chennai -- Houses and Apartments -- 30% Sales increase

 

Increase in sales

According to property consultancy Anarc, this current year between January to March the sales of apartments and houses increased.

In this regard, it is further reported that there is a increase of 30% in sales comes from major 7 cities. A total of 58,300 houses are estimated to be sold. Of these, Mumbai and Pune accounted for 53 per cent.

The reduction in stamp duty, home loan interest rates and discounts from construction companies were the main reasons for the increase in sales. In Chennai, home sales grew by 30 per cent. Housing prices have risen by 1% to 2% during this period.

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