Housing demand rises 4.6% QoQ in Q1, 2022; supply remains stable: Report

The residential housing industry showed robust growth in January-March 2022 as demand rose 4.6 per cent quarter-on-quarter (QoQ) across 13 Indian cities, according to the Magicbricks PropIndex Report.

Recovering from the coronavirus-induced slowdown, the first quarter saw Mumbai (15.2 per cent), Gurugram (9.6 per cent), Noida (8.2 per cent) and Delhi (5.6 per cent) witnessing the highest growth in demand while Greater Noida (6.0 per cent), Mumbai (3.8 per cent), Ahmedabad (3.2 per cent), and Chennai (2.9 per cent) exhibited maximum growth in supply. 

The prices of ready-to-move properties increased 1.7 per cent QoQ and 5.8 per cent year-on-year, with