Bengaluru sees maximum housing sales among 7 big cities in 2016

Among the seven major cities, Bengaluru witnessed maximum housing sales in 2016, as per property consultant CBRE.

Updated: May 08, 2017, 21:15 PM IST

New Delhi: Among the seven major cities, Bengaluru witnessed maximum housing sales in 2016, as per property consultant CBRE.

"Bengaluru led residential sales in India in 2016 with a 27 per cent share as against 25 per cent in 2015," CBRE said in a statement.

In supply, Bengaluru contributed 24 per cent in 2016 as against 26 per cent in the previous year. The other six cities tracked by CBRE are NCR, Kolkata, Mumbai, Hyderabad, Chennai and Pune.

"A robust commercial sector (the largest office market in the country), growing IT/ITeS populace, and strong buyer sentiments were established as the key drivers for the trend," CBRE said.

The consultant said that Bengaluru, Chennai and Hyderabad accounted for over 50 per cent share of the total housing sales last year.

With PTI Inputs