Housing sales hit new high in ’22 despite price rise
Real Estate

Housing sales hit new high in ’22 despite price rise

India's residential property sales recorded an all-time high in 2022, breaching the previous high of 2014 on the back of strong demand for housing despite a hike in mortgage rates, according to a report by property consultant Anarock.

Housing sales in 2022 were nearly 365,000 units across seven major cities. The prices of residential properties have risen in the range of 4-7%, which can be attributed to a rise in input costs and a post-Covid demand comeback, said the report.

Releasing the demand-supply data of India's top residential primary (fresh sale) markets, Anarock said that the housing sales rose 54% during the year to 364,900 units as against 236,500 units in 2021 across the seven cities – Delhi National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune.

The previous peak was seen in 2014, when 343,000 units were sold across the top seven cities.

The MMR market clocked the highest sales of 109,700 units in 2022, followed by NCR at 63,700 units.

According to the data, the housing sales in Delhi NCR rose 59% to 63,712 units in 2022, from 40,053 units in the previous year. The MMR market saw a 44% increase in sales to 109,733 units this year, from 76,396 units in the 2021 calendar year, while Pune witnessed a 59% rise to 57,146 units from 35,975 units.

See also:
Boost in real estate market, highest no. of units registered
Piramal Realty to pump Rs 35 bn into ongoing MMR projects


India's residential property sales recorded an all-time high in 2022, breaching the previous high of 2014 on the back of strong demand for housing despite a hike in mortgage rates, according to a report by property consultant Anarock. Housing sales in 2022 were nearly 365,000 units across seven major cities. The prices of residential properties have risen in the range of 4-7%, which can be attributed to a rise in input costs and a post-Covid demand comeback, said the report. Releasing the demand-supply data of India's top residential primary (fresh sale) markets, Anarock said that the housing sales rose 54% during the year to 364,900 units as against 236,500 units in 2021 across the seven cities – Delhi National Capital Region (NCR), Mumbai Metropolitan Region (MMR), Chennai, Kolkata, Bengaluru, Hyderabad and Pune. The previous peak was seen in 2014, when 343,000 units were sold across the top seven cities. The MMR market clocked the highest sales of 109,700 units in 2022, followed by NCR at 63,700 units. According to the data, the housing sales in Delhi NCR rose 59% to 63,712 units in 2022, from 40,053 units in the previous year. The MMR market saw a 44% increase in sales to 109,733 units this year, from 76,396 units in the 2021 calendar year, while Pune witnessed a 59% rise to 57,146 units from 35,975 units. See also: Boost in real estate market, highest no. of units registeredPiramal Realty to pump Rs 35 bn into ongoing MMR projects

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?