Boost in real estate market, highest no. of units registered
Real Estate

Boost in real estate market, highest no. of units registered

In terms of the quantity of properties registered, the real estate market in Mumbai experienced its highest-ever sale in 2022. Pune, Hyderabad, Ahmedabad, and Mumbai Metropolitan Region (MMR) saw the greatest ever supply of new homes in 2022, according to statistics from Liases Foras, an independent real estate research firm.

The information showed that there were 9,022 new homes available in MMR in September 2021. The number increased by 144% to 22,044 in September of this year. The research revealed that the average price growth in MMR was only 1%.

Launch of new residential developments also experienced a notable surge throughout India. According to the data, it was 41% greater than 2018 and 22% higher than 2019. According to Pankaj Kapoor, managing director of Liases Foras, "2022 witnessed the biggest sales ever, crossing the 4- lakh mark across India. Additionally, the year had the most launches ever, with 0.00042 billion brand-new units being introduced. As a result, there are now more unsold inventory.

Prior to the Covid-19 outbreak, it would typically take 53 months to sell every unsold unit. "Now, this number is 38–39 months... Only 7% of the inventory has been cut. In 2018, there were over 0.00135 billion unsold inventories, which was the greatest amount ever. According to Kapoor, there are currently 0.00125 billion units in various phases of building. He added that it will take at least three years to sell these units.

According to Liases Foras' forecast for the 2023 real estate market, the price increase would be gradual. According to the report, 2023 will be a buyer's market because there will be a lot of properties for sale and little room for profit for builders. According to the estimate, sales would not decline in the upcoming year.

In terms of the quantity of properties registered, the real estate market in Mumbai experienced its highest-ever sale in 2022. Pune, Hyderabad, Ahmedabad, and Mumbai Metropolitan Region (MMR) saw the greatest ever supply of new homes in 2022, according to statistics from Liases Foras, an independent real estate research firm. The information showed that there were 9,022 new homes available in MMR in September 2021. The number increased by 144% to 22,044 in September of this year. The research revealed that the average price growth in MMR was only 1%. Launch of new residential developments also experienced a notable surge throughout India. According to the data, it was 41% greater than 2018 and 22% higher than 2019. According to Pankaj Kapoor, managing director of Liases Foras, 2022 witnessed the biggest sales ever, crossing the 4- lakh mark across India. Additionally, the year had the most launches ever, with 0.00042 billion brand-new units being introduced. As a result, there are now more unsold inventory. Prior to the Covid-19 outbreak, it would typically take 53 months to sell every unsold unit. Now, this number is 38–39 months... Only 7% of the inventory has been cut. In 2018, there were over 0.00135 billion unsold inventories, which was the greatest amount ever. According to Kapoor, there are currently 0.00125 billion units in various phases of building. He added that it will take at least three years to sell these units. According to Liases Foras' forecast for the 2023 real estate market, the price increase would be gradual. According to the report, 2023 will be a buyer's market because there will be a lot of properties for sale and little room for profit for builders. According to the estimate, sales would not decline in the upcoming year.

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement