Property costs likely to increase by 5-10% in 2022: Anarock

27 Dec 2021 CW Team

Property costs are likely to increase by 5-10% in 2022, while property sales are likely to touch pre-Covid levels shortly, said property consultant Anarock.

Last year, housing sales reached 1.38 lakh units, decreased by 60% from the last peak of 2014. This large-scale drop showed that the Indian residential market had bottomed out last year and was likely to enter a long-term upcycle from 2021 onwards. During January-September 2021, 1.45 lakh houses were sold, which is 5% more than last year, said Anarock.

New supply and sales may touch 2019 levels by 2022. Interest rates may commence surging from H2 of 2022. Costs may increase in the range of 5-10%, Anarock Chairman Anuj Puri told the media.

With work from home and online schooling becoming the new normal, there was a high demand for bigger homes, and as a result, mid-segment (houses valued between Rs 40 - 80 lakh) and high-end (houses valued between Rs 80 lakh – Rs 1.5 crore) did extremely well. Overall, nearly 65% of the supply between January to September 2021 came in these segments.

According to Anarock's latest consumer sentiment survey, there was an increase in the preference for houses valued at more than Rs 90 Lakh. During the first wave, 27% of the respondents chose housing units priced more than Rs 90 Lakh, which rose to 38% during the second wave.

Data from property consulting firm Liases Foras reveals a 105% increase in property sales valued in the Rs 50-lakh to Rs 1 crore bracket in the first half of the financial year 2022 as against the year-ago period.

Image Source

Also read: Maharashtra property registration revenue at Rs 7,507 cr in Q2

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..