The number of vacant houses decreased by 12 percent in five years, housing sales increased after the Kovid period

Housing Sales Data: After the Covid period, a huge boom is being seen in the purchase of houses and its effect is being seen in the form of reduction in the number of unsold houses in the housing sector. In seven major cities of the country, the inventory of unsold houses ie Unsold Houses is continuously decreasing. This means that a boom is being seen in the sale of houses and the real estate sector is once again going towards an enthusiastic atmosphere.

Anarock gave the figure of empty houses

Real estate advisory company Anarock has said that the number of unsold houses with builders in seven major cities has come down by 12 per cent in the last five years. Now it will take only 20 months to remove these vacant houses. It was previously estimated to take twice as long to evacuate or sell vacant homes.

Number of vacant houses decreased by 12 percent in 5 years

In its recent report, Anarock said that the number of vacant houses fell by 12 per cent from 7,13,400 units as on March 31, 2018 to 6,26,750 units by January-March this year. Anarock said that the current pace of sales for developers has reduced the estimated time to evacuate the vacant units from 42 in March 2018 to 20 months now.

Due to the decrease in the number of unsold houses, the boom in the sale of houses – Anuj Puri

Anuj Puri, chairman of Anarock, said that the number of unsold houses has decreased due to the boom in the sale of houses. Housing sales in the top seven cities hit a record 1.14 lakh units in the first quarter of this year, showing a spectacular jump in home sales.

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