2022 may be record year for residential real estate: report
Real Estate

2022 may be record year for residential real estate: report

Despite a rise in construction costs and the monetary tightening measures by the Reserve Bank of India (RBI), both sales and new launches in residential real estate have remained firmly on a growth trajectory, according to a CBRE-CII joint report.

According to the report, unprecedented sales and launch momentum has been witnessed in the first half (H1) of 2022. Property prices have increased across most micro-markets and across segments due to record sales and developers’ decision to pass on rising construction costs to buyers.

In view of this situation, 2022 is expected to be a strong year for the residential sector, with both sales and new launches likely to reach a decadal peak and cross the 200,000-unit mark. While the continued inflation and rising cost of financing may impact stakeholder sentiments in the near term, the overall health of the sector is likely to remain strong owing to positive homebuyer sentiments.

As per the report, the reasons for the continued strength could be the sustained government support for housing, especially to the affordable and mid-end categories, which have been key drivers of sales and launch activity in the sector. Moreover, the continued need for home ownership is not only strengthening the market share of Tier I developers, but also encouraging new players to enter this space.

See also:
DDA's online housing scheme to offer 8,500 flats in Narela
Allotment of MIG plots in Visakhapatnam done by lottery


Despite a rise in construction costs and the monetary tightening measures by the Reserve Bank of India (RBI), both sales and new launches in residential real estate have remained firmly on a growth trajectory, according to a CBRE-CII joint report. According to the report, unprecedented sales and launch momentum has been witnessed in the first half (H1) of 2022. Property prices have increased across most micro-markets and across segments due to record sales and developers’ decision to pass on rising construction costs to buyers. In view of this situation, 2022 is expected to be a strong year for the residential sector, with both sales and new launches likely to reach a decadal peak and cross the 200,000-unit mark. While the continued inflation and rising cost of financing may impact stakeholder sentiments in the near term, the overall health of the sector is likely to remain strong owing to positive homebuyer sentiments. As per the report, the reasons for the continued strength could be the sustained government support for housing, especially to the affordable and mid-end categories, which have been key drivers of sales and launch activity in the sector. Moreover, the continued need for home ownership is not only strengthening the market share of Tier I developers, but also encouraging new players to enter this space. See also: DDA's online housing scheme to offer 8,500 flats in NarelaAllotment of MIG plots in Visakhapatnam done by lottery

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?