Housing Sales jumps 50%, launches register ~101% uptick, says report

28 Dec 2022 , 02:44 PM

Residential real estate sales in India have surpassed 2021 levels, with a 50% yoy increase. 

According to a PropTiger.com report, new home launches strengthened in 2022 and increased by 101% year-on-year, with a total of 4,31,510 new homes launched during the calendar year 2022.

According to the report, 3,08,940 units were sold in 2022, up from 2,05,940 units in 2021. The figures include sales figures for the top eight cities, for all four quarters in both calendar years.

In 2022, a total of 4,31,510 units were launched, representing a 101% increase over 2021. New product launches reached a multi-year high, with a 6% increase over 2015 levels. Mumbai led the way in terms of new supply in 2022, accounting for 39% of total launches, followed by Pune and Hyderabad, which accounted for 18% and 19%, respectively.

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