Between January and September 2023, approx. 3.49 lakh items have been offered within the prime 7 cities, in opposition to approx. 3.65 lakh items in complete 2022.
NCR noticed its general housing gross sales worth clock in at approx. Rs 50,188 Cr in 9M 2023, in opposition to approx. Rs 38,895 Cr in 9M 2022 – an annual enhance of 29%.
The unstoppable Indian residential sector surpassed all earlier highs in 2023 with housing gross sales creating a brand new peak quarter-on-quarter. Concurrently, the general gross sales worth of offered housing stock additionally inched greater. Even earlier than This fall 2023 gross sales numbers are collated, the robust gross sales momentum signifies that the whole worth of houses to have discovered consumers in 2023 will cross the Rs 4.5 lakh Crore mark – 38% greater than the whole gross sales worth of your complete 2022, which noticed Rs 3.27 lakh Cr price of houses offered.
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In simply the primary 9 months of 2023, the whole residential property gross sales worth is already 7% greater than the entire of final 12 months, with the highest 7 cities seeing stock price approx. Rs 3,48,776 Cr offered in these 9 months.
The complete 2022 noticed approx. Rs 3,26,877 Cr price of stock offered.
Between January and September 2023, approx. 3.49 lakh items have been offered within the prime 7 cities, in opposition to approx. 3.65 lakh items in complete 2022.
In worth phrases:
- MMR topped the checklist with approx. Rs 1,63,924 Cr price of stock (approx. 1,11,280 items) offered within the first 9 months of 2023
- NCR follows with approx. cumulative gross sales worth of Rs 50,188 Cr (approx. 49,475 items) offered on this interval
- Bengaluru noticed houses price approx. Rs 38,517 Cr (approx. 47,100 items) offered in 9M 2023
- In Hyderabad, approx. 44,220 items price approx. Rs 35,802 Cr offered within the interval
- Pune noticed approx. 63,480 items price approx. Rs 39,945 offered until Sept. 2023, indicating a better traction of finances housing within the metropolis
- Chennai witnessed approx. 16,310 items price approx. Rs 11,374 offered in 9M 2023
- Kolkata noticed the bottom general worth (approx. Rs 9,025 crore) of housing stock (17,280 items) offered within the interval – once more indicating greater gross sales of inexpensive houses
Anuj Puri, Chairman – ANAROCK Group, mentioned, “The fact that the housing sales value in 9M 2023 exceeded that of the whole of entire 2022 reflects the increased demand for premium luxury homes this year. This, along with the fact that average prices in the top cities rose by anywhere between 8-18% this year, makes an apple-to-apple comparison of annual sales values challenging.”
“If we look at the quarter-on-quarter sales values in 2023, each quarter saw consistent growth and overall sales value has already breached the Rs 1 lakh crore mark,” added Puri.
“In Q1 2023, homes worth Rs 1,12,976 Cr were sold in the top 7 cities, Q2 2023 saw a jump of 1%, and then a further jump of 8% in Q3 2023. Sales in the ongoing festive quarter have been robust across these markets and the concluding quarter of 2023 will be no different. Thus, we expect the overall housing sales value to cross Rs 4.5 lakh crore by 2023-end.”
Comparing the primary 9 months of 2022 and 2023 reveals a 44% soar in whole gross sales values of houses offered – from approx. Rs 2,43,027 Cr in 9M 2022 to approx. Rs 3,48,776 Cr in 9M 2023.
- Pune recorded the best yearly soar (96%) in whole gross sales values – from approx. Rs 20,406 Cr in 9M 2022 to approx. Rs 39,945 Cr in 9M 2023.
- Chennai noticed a forty five% soar within the general housing gross sales values within the interval – from approx. Rs 7,825 Cr in 9M 2022 to approx. Rs 11,374 crore in 9M 2023.
- Hyderabad noticed houses price approx. Rs 35,802 Cr offered in 9M 2023, in opposition to a gross sales worth of approx. Rs 25,001 Cr in the identical interval in 2022. In a 12 months, Hyderabad noticed housing gross sales enhance by 43%.
- Bengaluru noticed a 42% soar in whole gross sales worth – from approx. Rs 27,045 Cr in 9M 2022 to approx. Rs 38,517 Cr in 9M 2023.
- MMR noticed a yearly achieve of 41%, with a complete gross sales worth of approx. Rs 1,63,924 Cr in 9M 2023 in opposition to approx. Rs 1,16,242 Cr in 9M 2022.
- NCR noticed its general housing gross sales worth clock in at approx. Rs 50,188 Cr in 9M 2023, in opposition to approx. Rs 38,895 Cr in 9M 2022 – an annual enhance of 29%.
- At 19%, Kolkata noticed the bottom yearly soar in general gross sales values in 9M 2023 in opposition to the corresponding interval in 2022. The general worth of houses offered within the metropolis was approx. Rs 9,025 Cr in 9M 2023, in opposition to Rs 7,612 Cr in 9M 2022.
