House sales rise 93% Y-o-Y in Q2 2021 but dip 58% Q-o-Q amid COVID second waveAs many as 24,570 units were sold across top seven cities amid the second COVID-19 wave in Q2 2021, versus around 12,740 units during the first wave in Q2 2020; around 58,290 units were sold in the preceding quarter – Q1 2021.

 For residential real estate, the first COVID-19 wave in 2020 had a much deeper impact than the second wave this year. House sales in Q2 2021 stood at approximately 24,570 units across the top 7 cities, increasing by 93 percent annually but dropping by 58 percent Q-o-Q, ANAROCK data has said.

As many as 12,740 units were sold in the corresponding quarter of 2020, and 58,290 units in the preceding quarter (Q1 2021). MMR and Pune drove a massive share of housing sales between April and June 2021 with a 46 percent share of the total sales.

Approximately 24,570 units were sold in Q2 2021 across the top 7 cities, against ~58,290 units in Q1 2021 – marking a decline of 58 percent Q-o-Q. NCR, MMR, Bengaluru, and Pune together accounted for 74 percent of the sales in this quarter. Compared to Q2 2020, housing sales increased by 93 percent in Q2 2021.

MMR is the frontrunner in housing sales in Q2 2021. On a yearly basis, sales in MMR rose by 104 percent - 7,400 units sold in Q2 2021 against 3,620 units in Q2 2020. Quarterly, sales in MMR dropped by 64 percent from approximately 20,350 units sold in Q1 2021, it said.

Pune came next with around 3,790 units sold in Q2 2021 against 2,160 units in the corresponding quarter last year, and 10,550 units sold in Q1 2021 – a 75 percent y-o-y increase and a 64 percent Q-o-Q decline.HOUSELIV REALTY