Housing sales in major cities see 9-year high: Knight Frank

08 Jul 2022 CW Team

Housing sales rose 60% annually in January-June this year across eight major cities. At 1,58,705 units, this was the highest half-yearly demand in nine years. It was mainly driven by lower base effect as well as mortgage rates, according to Knight Frank India.

Housing sales stood at 99,416 units in the first six months of 2021, the consultant said in its 17th edition of half-yearly report ‘India Real Estate: Residential and Office Market H1 2022’.

The report highlighted that the residential sector recorded a nine-year high sales volume in January-June 2022. The previous high was recorded in the first half of 2013, when sales were at 1,85,577 units.

Factors cited by the consultant for the increase in housing sales include homebuyers' need to upgrade primary lifestyle, low interest rates on home loans, and lower home prices compared to pre-pandemic levels. The renewed need for home ownership sparked by the Covid pandemic is also driving sales.

Housing prices increased across all markets in the range of 39 per cent year-on-year (YoY). This also marks H1 2022 as a period in which prices have grown in YoY terms across all markets for the first time since the second half of 2015.

Also Read:
RBI rate hikes, higher costs fail to deter home buyers
Housing market shows YoY increase of 3-9%

Infrastructure Energy

22 Dec 2025

Coal Ministry Simplifies Disposal of Washery Rejects

The Ministry of Coal has recently simplified the process for disposal of coal washery rejects to enhance ease of doing business and ensure faster utilisation, while maintaining environmental safeguards. The move aligns with the government’s Atmanirbhar Bharat vision and ongoing reform agenda in the coal sector. Under the existing policy issued on 27 May 2021, washery rejects were disposed of through a three-tier priority system. The first priority allows their use for energy extraction, in line with Solid Waste Management Rules, 2016, applicable to waste with calorific value above 1,500 kca..

India, Oman Sign CEPA to Boost Trade and Services Ties

India and Oman have recently signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major milestone in India’s strategic engagement with the Gulf region. The agreement was signed in the presence of Narendra Modi and Sultan Haitham bin Tarik, by Piyush Goyal and Qais bin Mohammed Al Yousef. The CEPA provides unprecedented market access for Indian goods, with Oman offering zero-duty access on 98.08 per cent of its tariff lines, covering 99.38 per cent of India’s exports by value. Major labour-intensive sectors such as textiles, leather, footwear, gems and jewellery, enginee..

TTDF Backs 136 Telecom R&D Projects Worth Rs 5.42 Bn

The Telecom Technology Development Fund (TTDF) Scheme has recently approved 136 projects worth Rs 5.42 billion to strengthen indigenous telecom innovation across India, the government informed Parliament. The scheme focuses on bridging the digital divide by enabling development and manufacturing of advanced telecom technologies for rural and remote areas. In a written reply to the Rajya Sabha, Minister of State for Communications and Rural Development Pemmasani Chandra Sekhar said the TTDF Scheme, launched on 1 October 2022, supports IITs, NITs, MSMEs, start-ups and research institutions work..