Housing sales hit new high in ’22 despite price rise

29 Dec 2022 CW Team

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.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..