Housing sales up 50%, new supply doubles in top-8 cities in 2022: PropTiger

Mumbai and Pune lead property demand, taking a combined 56% share in overall sales; demand grew sequentially and yearly in all four quarters of the year

Surpassing the previous year’s high, residential real estate sales in India grew 50 per cent year on year, while new launches were up 101 per cent, with a total of 431,510 new homes launched during calendar year 2022, shows a report by real estate brokerage PropTiger.com. New launches were also up six per cent over 2015 levels.

  

According to the study, 308,940 units were sold in 2022 as against 205,940 units in 2021. The figures include sales across the top-8 cities in all the four quarters of each of the two calendar years. The top-8 cities were: Ahmedabad, Bengaluru, Chennai, Hyderabad,