Knightfrank claims: 65% increase in house sales in Delhi-NCR, 51% jump in eight major cities in 2021

In the pandemic-hit year 2021, the sale of houses in the eight major cities of the country has increased by 51 percent, while the demand for offices has fallen by three percent. Global property consulting firm Knightfrank India on Wednesday said that Delhi-NCR witnessed the highest growth in sales in the last year.Knight frank CMD Shishir Baijal said that in 2021, a total of 35,073 houses were sold in Delhi-NCR, which is 65 percent more than 21,234 in 2020. The demand for offices here also increased and sales increased by 38 percent. During the same period, the sales of residential houses in Mumbai increased by 29 percent to 62,989, while the demand for offices declined by 37 percent.

Houses became cheaper here last year,in Delhi-NCR, not only did the sale of houses increase but there was also a fall in prices. According to KnightFrank, house prices in Chennai rose 7 percent, while Hyderabad grew 5 percent and Bengaluru 4 percent. Delhi-NCR declined one percent.