Housing sales reports 49% YoY growth in July-Sep

Residential sales have continued to show robust growth while registering sales of 83,220 units, a 49% YoY growth between July-September 2022 as compared to 55,910 units sold in the corresponding period last year. With the festive season in full swing, India’s real estate developers are hopeful about the sector receiving a boost towards recovery. New supply registered a YoY growth of 61 percent when compared to Q3 2021 (July – September). The report also stated that the new supply is at par with the 2015 levels for the second consecutive quarter. Mumbai and Pune continue to top the charts with respect to traction, contributing to 53% of the total sales in Q3 2022 (July to September). A majority (27%) of the properties sold fell in the INR 45-75 lakh price range.