new delhi oct 14 housing sales rose by 15 per cent to 67175 units in seven major cities during julyseptember with the property market recovering from the triple whammy of demonetisation gst and new realty law rera according to anarock the cumulative sales during januaryseptember 2018 increased by 8 per cent to 178400 units in seven cities delhincr mumbai metropolitan region mmr chennai kolkata bengaluru hyderabad and pune anarock property consultants chairman anuj puri attributed the rise in residential sales to overall favourable macroeconomic environment over the last one year additionally the teething issues of new policies including rera and gst have finally subsided in 2018 leading to positive consumer sentiments he added housing sales got affected last year on the adverse impact of notes ban as well as implementation issues with the new realty law rera that came into effect from may 2017 and the gst puri expects commercial real estate to remain buoyant in 2019 that in turn would have a positive impact on residential real estate as well according to the data housing sales in ncr went up by 6 per cent to 11350 units during julyseptember 2018 from 10675 in the yearago period mmr saw 23 per cent rise in sales to 18200 units while bengaluru witnessed 26 per cent increase to 16250 units sales in pune went up by 20 per cent to 9300 units and kolkata saw a 25 per cent jump to 4300 units however chennai and hyderabad faced a decline of 27 per cent and 3 per cent respectively housing sales in chennai stood at 2925 units while 4850 units were sold in hyderabad during januaryseptember 2018 housing sales in bengaluru rose the maximum at 30 per cent to 42700 units from 32875 in the corresponding period of the last year hyderabad and kolkata saw 12 per cent rise in sales at 13650 units and 11750 units respectively there was a 7 per cent increase in sales in ncr during the first nine months of 2018 at 31550 units sales in mmr grew by 4 per cent to 46200 units in pune demand was up marginally to 24500 units chennai was the only city which saw a decline of 27 per cent during januaryseptember period of 2018 at 8050 units from 11075 units in the yearago period on sales outlook for the current quarter puri said developers expect sales to rise in the ongoing festive season while prospective home buyers are pinning hopes of getting better deals and offers from builders developers focus on completing existing projects rather than launching new ones aligns with the current market sentiment he added anarock said its recent consumer survey underscored that in the backdrop of stalled or delayed projects only 5 per cent prospective buyers were interested in buying homes in new projects while 49 per cent preferred to buy readytomovein properties and 46 per cent wanted those that would complete within a year mjh abm abm