Business Standard

Metros continue to dominate Tier-2 cities in residential real estate market

The year 2022, saw maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year, according to a recent report

Amid Covid, Mumbai sees 10-year high in property registrations in July
Premium

BS Web Team New Delhi
The sales of residential properties in tier-1 cities in India stood at more than 250 per cent of the levels seen among tier-2 cities in the calendar year 2022, according to a recent report by PropEquity, a real estate consultancy firm.
 
The year 2022, saw the maximum residential property sales in the last eight years, with total absorption increasing by 28 per cent year-on-year.
 
The report attributes this increase in sales to multiple factors like a rise in consumer confidence in hard assets compared to volatile assets post-Covid. Lower repo rates of 4 per cent in the first half of 2022,

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 21 2023 | 6:53 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com