Residential launches see 61% growth in Q3, says PropTiger report

Despite the slight increase in overall interest rates, the demand for housing has not dipped.

With festival season nearing its peak, the real estate market has bounced back with a positive buyer sentiment

The third quarter (Q3) of this financial year registered a growth of 61 per cent year-on-year (YoY) as compared to Q3 last year, and it went up marginally by 3 per cent from the second quarter, according to a report by PropTiger.

A total of 104,820 units were launched in Q3 of 2022 — at par with the average quarterly levels of 100,000 units back in 2015. A majority of the new supply in Q3 2022 was concentrated in the price range