Housing gross sales in Delhi-NCR rose 42 per cent to Rs 50,620 crore final fiscal from Rs 35,610 crore in the earlier yr.
Housing gross sales In quantity phrases, grew 36 per cent to 3,79,095 items in 2022-23 from 2,77,783 items in the earlier yr
Housing gross sales rose 48 per cent year-on-year to Rs 3.47 lakh crore over the past fiscal throughout seven main cities on greater volumes and higher value realisation, in accordance to Anarock. Real property advisor Anarock reported that gross sales of residential properties in worth phrases elevated to Rs 3,46,960 crore final fiscal from Rs 2,34,850 crore in 2021-22.
In quantity phrases, gross sales grew 36 per cent to 3,79,095 items in 2022-23 from 2,77,783 items in the earlier yr. The information pertains to the transactions of main (contemporary sale) housing market.
“India’s residential actual property section continues to present boundless ahead momentum, and is setting unprecedented benchmarks,” said Anuj Puri, Chairman, Anarock Group.
According to the data, housing sales in Delhi-NCR rose 42 per cent to Rs 50,620 crore last fiscal from Rs 35,610 crore in the previous year.
In Mumbai Metropolitan Region (MMR), sales grew 46 per cent to Rs 1,67,210 crore from Rs 1,14,190 crore. Housing sales in Bengaluru increased 49 per cent to Rs 38,870 crore from Rs 26,100 crore.
In Pune, housing sales rose 77 per cent to Rs 33,730 crore from Rs 19,100 crore. Sales in Hyderabad went up 50 per cent to Rs 34,820 crore from Rs 23,190 crore.
Chennai saw a 24 per cent growth in sales to Rs 11,050 crore from Rs 8,940 crore.
Housing sales in Kolkata increased 38 per cent to Rs 10,660 crore during the last fiscal from Rs 7,720 crore in the previous financial year.
Commenting on the trend, Gurugram-based luxury realty firm Krisumi Corporation MD Mohit Jain said the housing sector has undergone a transformation in recent years, becoming more mature and fundamentally robust.
“While there is significant demand from end-users, investors are also returning to the market,” Jain mentioned.
Signature Global, which is into inexpensive housing, Chairman Pradeep Aggarwal mentioned millennials at the moment are actively investing in actual property, contributing to the general rise in property gross sales.
(This story has not been edited by News18 employees and is printed from a syndicated information company feed)
