Mid-Market Housing touches 42% of total transactions in second half 2018-19: Report

By Rohit Sharma

MUMBAI:

The share of mid-market houses costing Rs 20-50 lakh in the overall residential sales in the country has been progressively rising, touching an all-time high of 42 per cent of total transactions in the second half of the current financial year 2018-19, according to data released by Square Yards.

The mid-market houses are increasingly becoming popular among the buyers with the share of this segment in the total residential sales going up every six months in the last few years.

The mid-market housing category accounted for 29 per cent of overall residential sales in the first half of fiscal 2016-17, going up to 32 per cent in the second half of the same financial year. It further went up to 36 per cent in the April-September period of 2017-18, steadily rising to 38.4 per cent in the rest of the same fiscal. The category is continuing is an onward march and touched 42.7 per cent mark of the overall residential sales in the first half of the current fiscal. Thus, this segment is growing at a staggering rate of 21 % CAGR.





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